Community Health Systems Completes Divestiture of South Carolina-Based Mary Black Health System
December 31 2018 - 4:15PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of 207-bed Mary
Black Health System – Spartanburg in Spartanburg, S.C., and 125-bed
Mary Black Health System – Gaffney in Gaffney, S.C., and their
related businesses, including physician clinic operations and
outpatient services, to Spartanburg Regional Healthcare System in
Spartanburg, S.C. The effective date of the transaction is January
1, 2019.
The two hospitals in this transaction are among the divestitures
discussed on the Company’s third quarter 2018 earnings call.
Community Health Systems affiliates continue to operate four
hospitals in South Carolina.
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 111 affiliated hospitals in 20 states with an aggregate of
approximately 18,000 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: https://www.businesswire.com/news/home/20181231005108/en/
Investor Contacts:Thomas J. Aaron, 615-465-7000Executive
Vice President and Chief Financial OfficerorRoss W. Comeaux,
615-465-7012Vice President – Investor Relations
Media Contact:Tomi Galin, 615-628-6607Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
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