FRANKLIN, Tenn.--(BUSINESS WIRE)--Sep. 29, 2017--
Community Health Systems, Inc. (NYSE:CYH) announced today that
subsidiaries of the Company have completed the divestiture of five
Pennsylvania hospitals and their associated assets to subsidiaries of
Reading Health System. Hospitals included in the transaction are 169-bed
Brandywine Hospital in Coatesville, 148-bed Chestnut Hill Hospital in
Philadelphia, 63-bed Jennersville Hospital in West Grove, 151-bed
Phoenixville Hospital in Phoenixville and 232-bed Pottstown Memorial
Medical Center in Pottstown. The effective date of the transaction is
October 1, 2017.
The five hospitals included in this transaction are part of the 30
planned hospital divestitures discussed on the Company’s second 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 130
affiliated hospitals in 20 states with an aggregate of approximately
21,000 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170929005734/en/
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 Communications,
Marketing and Public Affairs