FRANKLIN, Tenn.--(BUSINESS WIRE)--Jun. 30, 2017--
Community Health Systems, Inc. (NYSE:CYH) announced today that
subsidiaries of the Company have completed the sale of their ownership
interest in two Texas hospitals and their associated assets to
subsidiaries of HCA Healthcare (NYSE:HCA). Facilities included in the
transaction are 350-bed Tomball Regional Medical Center in Tomball and
67-bed South Texas Regional Medical Center in Jourdanton. The effective
date of the transaction is July 1, 2017. With the divestitures
completed, Community Health Systems affiliates continue to operate 13
hospitals in Texas.
The two hospitals included in this transaction are part of the 30
planned hospital divestitures discussed on the Company’s first quarter
2017 earnings call.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded
hospital companies in the United States and a leading operator of
general acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 137
affiliated hospitals in 21 states with an aggregate of approximately
22,000 licensed beds. The Company’s headquarters are located in
Franklin, Tennessee, a suburb south of Nashville. Shares in Community
Health Systems, Inc. are traded on the New York Stock Exchange under the
symbol “CYH.” More information about the Company can be found on its
website at www.chs.net.
Statements contained in this news release regarding potential
transactions, operating results, and other events are forward-looking
statements that involve risk and uncertainties. Actual future events or
results may differ materially from these statements. Readers are
referred to the documents filed by Community Health Systems, Inc. with
the Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly reports
on Form 10-Q. These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes no
obligation to revise or update any forward-looking statements, or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise.
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Source: Community Health Systems, Inc.
Community Health Systems, Inc.
J. Aaron, 615-465-7000
Executive Vice President and Chief Financial
Ross W. Comeaux, 615-465-7012
Vice President –
Senior Vice President, Corporate
Marketing and Public Affairs