Community Health Systems Announces Divestiture of Two Mississippi Hospitals
May 01 2017 - 4:39PM
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 Mississippi hospitals and their
associated assets to subsidiaries of Curae Health, Inc. Facilities
divested are 95-bed Merit Health Gilmore Memorial in Amory and
112-bed Merit Health Batesville in Batesville. The effective date
of the transaction is May 1, 2017. With the divestiture of the
Amory and Batesville hospitals, Community Health Systems affiliates
continue to operate ten hospitals in Mississippi.
Transfer of the lease and associated assets for 181-bed Merit
Health Northwest Mississippi in Clarksdale is expected to be
completed during the second quarter.
The hospitals in this transaction are part of the planned
hospital divestitures previously discussed. The Company will
provide an update on its divestiture activity on its first quarter
2017 earnings call scheduled to begin at 11:00 a.m. Central
time, 12:00 p.m. Eastern time, on Tuesday, May 2, 2017.
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 146 affiliated hospitals in 21 states with an aggregate of
approximately 24,000 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/20170501006310/en/
Community Health Systems, Inc.Investor Contacts:W.
Larry Cash, 615-465-7000President of Financial Services and Chief
Financial OfficerorRoss W. Comeaux, 615-465-7012Senior Director –
Investor RelationsorMedia Contact:Tomi Galin,
615-628-6607Senior Vice President, CorporateCommunications,
Marketing and Public Affairs
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