Community Health Systems Announces Divestiture of Riverview Regional Medical Center in Gadsden, Alabama & Dallas Regional Med...
March 02 2015 - 6:15PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of Riverview
Regional Medical Center in Gadsden, Alabama, and Dallas Regional
Medical Center in Mesquite, Texas, to subsidiaries of Prime
Healthcare Services, LLC. The transactions also included related
outpatient services at the hospitals. The effective date of the
transactions is March 1, 2015.
Divestiture of Riverview Regional Medical Center was required
under an agreement with the Federal Trade Commission following the
Company’s January 2014 acquisition of Health Management Associates,
Inc. The Company does not expect the transactions to have a
meaningful impact on financial operations.
With the divestitures, the Company’s subsidiaries operate ten
hospitals in Alabama, including Gadsden Regional Medical Center,
and 17 hospitals in Texas.
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. Through its subsidiaries, the Company currently
owns, leases or operates 203 affiliated hospitals in 29 states with
an aggregate of approximately 31,000 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 expected
operating results, acquisition transactions or divestitures 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.
Community Health Systems, Inc.Investor
Relations:W. Larry Cash, 615-465-7000President of Financial
Services and Chief Financial OfficerorMedia Relations:Tomi
Galin, 615-628-6607Senior Vice President, Corporate Communications,
Marketing and Public Affairs
Community Health Systems (NYSE:CYH)
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