|[July 11, 2014]
Community Health Systems Announces Definitive Agreement to Acquire Natchez, Mississippi Hospital
FRANKLIN, Tenn. --(Business Wire)--
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have executed a definitive agreement to
acquire substantially all of the assets of 179-bed Natchez Regional
Medical Center in Natchez, Mississippi. Natchez Regional Medical Center
voluntarily filed for Chapter 9 bankruptcy in March 2014. The definitive
agreement is subject to approval of the bankruptcy court and an auction
of Natchez Regional Medical Center. Through its affiliates, Community
Health Systems currently operates 12 affiliated hospitals in
Mississippi, including Natchez Community Hospital.
Commenting on today's announcement, Wayne T. Smith, chairman, president
and chief executive officer of Community Health Systems, Inc., said, "We
look forward to completing this potential acquisition and working with
the medical staffs and employees of both hospitals in Natchez in a
coordinated approach to providing quality care for local residents."
About ommunity 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. Through
its subsidiaries, the Company currently owns, leases or operates 208
affiliated hospitals in 29 states with an aggregate of approximately
31,300 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 expected operating
results, acquisition transactions or divestitures 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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