Community Health Systems Announces Definitive Agreements to Sell Leesville, Louisiana Hospital to Allegiance Health Management
February 14 2018 - 4:15PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have signed definitive agreements to
sell 60-bed Byrd Regional Hospital and its associated assets to
subsidiaries of Allegiance Health Management. The transaction is
expected to close in the second quarter of 2018, subject to
customary regulatory approvals and closing conditions.
The hospital included in this transaction is one of the
additional planned divestitures discussed on the Company’s third
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 127 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.
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/20180214006290/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
Community Health Systems (NYSE:CYH)
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