FRANKLIN, Tenn.--(BUSINESS WIRE)--May 22, 2019--
Community Health Systems, Inc. (NYSE: CYH) announced today that
affiliates of the Company have signed definitive agreements to sell two
Florida hospitals to affiliates of Adventist Health System Sunbelt
Healthcare Corporation. The two hospitals are Heart of Florida Regional
Medical Center, a 193-bed hospital in Davenport, Fla., and Lake Wales
Medical Center, a 160-bed hospital in Lake Wales, Fla., along with their
respective assets, physician clinic operations and outpatient services.
Each of the transactions, which are subject to customary regulatory
approvals and closing conditions, is expected to close in the late third
quarter of 2019.
The hospitals included in these transactions are among the additional
planned divestitures discussed on the Company’s first quarter 2019
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 106
affiliated hospitals in 18 states with an aggregate of approximately
17,000 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/20190522005798/en/
Source: 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
Media
Contact:
Tomi Galin, 615-628-6607
Senior Vice President,
Corporate
or Communications, Marketing and Public Affairs
