Community Health Systems Completes Divestiture of Two Texas Hospitals
June 30 2017 - 4:50PM
Business Wire
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.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170630005814/en/
Community Health Systems, Inc.Investor Contacts:Thomas J.
Aaron, 615-465-7000Executive Vice President and Chief Financial
OfficerorRoss W. Comeaux, 615-465-7012Vice President – Investor
RelationsorMedia Contact:Tomi Galin, 615-628-6607Senior Vice
President, CorporateCommunications, Marketing and Public
Affairs
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