Community Health Systems Completes Divestiture of Four Pennsylvania Hospitals
June 30 2017 - 4:20PM
Business Wire
Community Health Systems, Inc. (NYSE:CYH) announced today that
subsidiaries of the Company have completed the sale of their
ownership interest in four Pennsylvania hospitals and their
associated assets to subsidiaries of PinnacleHealth System.
Facilities included in the transaction are 165-bed Carlisle
Regional Medical Center in Carlisle, 214-bed Lancaster Regional
Medical Center in Lancaster, 148-bed Heart of Lancaster Regional
Medical Center in Lititz, and 100-bed Memorial Hospital in York.
The effective date of the transaction is July 1, 2017. With the
divestitures completed, Community Health Systems affiliates
continue to operate 11 hospitals in Pennsylvania.
The four 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 139 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/20170630005709/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, Corporate Communications, Marketing and Public
Affairs
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