FRANKLIN, Tenn.--(BUSINESS WIRE)--Jun. 26, 2018--
Community Health Systems, Inc. (NYSE: CYH) announced today that an
affiliate of the Company has signed a definitive agreement to sell
291-bed AllianceHealth Deaconess hospital in Oklahoma City, Oklahoma,
and its related businesses, including physician clinic operations and
outpatient services, to a subsidiary of INTEGRIS Health. The transaction
is expected to close in the third quarter of 2018, subject to customary
regulatory approvals and closing conditions.
When the transaction is complete, Community Health Systems affiliates
will continue to operate seven hospitals in Oklahoma.
The hospital included in this transaction is among the additional
planned divestitures discussed on the Company’s first quarter 2018
earnings call.
Kaufman, Hall & Associates, LLC is acting as the exclusive financial
advisor to INTEGRIS Health on this transaction.
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 119
affiliated hospitals in 20 states with an aggregate of approximately
20,000 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.
Forward-Looking Statements
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180626006422/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
Investor Contacts:
Thomas
J. Aaron, 615-465-7000
Executive Vice President and Chief Financial
Officer
or
Ross W. Comeaux, 615-465-7012
Vice President –
Investor Relations
or
Media Contact:
Tomi Galin,
615-628-6607
Senior Vice President, Corporate
Communications,
Marketing and Public Affairs
