Community Health Systems Completes Divestiture of Spokane, Washington Health System
June 30 2017 - 4:15PM
Business Wire
Community Health Systems, Inc. (NYSE:CYH) announced today that
subsidiaries of the Company have completed the sale of their
ownership interest in Rockwood Health System and its associated
assets to subsidiaries of MultiCare Health System. Facilities
included in the transaction are 388-bed Deaconess Hospital in
Spokane, 123-bed Valley Hospital in Spokane Valley and the
multi-specialty Rockwood Clinic, all in Washington. The effective
date of the transaction is July 1, 2017. With the divestitures
completed, Community Health Systems affiliates continue to operate
two hospitals in Washington.
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 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170630005707/en/
Community Health Systems, Inc.Investor Contacts:Thomas J. Aaron,
615-465-7000Executive Vice President and Chief Financial
OfficerorRoss W. Comeaux, 615-465-7012Senior Director – Investor
RelationsorMedia Contact:Tomi Galin, 615-628-6607Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
Community Health Systems (NYSE:CYH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Community Health Systems (NYSE:CYH)
Historical Stock Chart
From Apr 2023 to Apr 2024