Community Health Systems Announces Divestiture of Bartow, Florida Hospital
01 January 2016 - 8:15AM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of Bartow
Regional Medical Center in Bartow, Florida, along with related
outpatient services, to subsidiaries of BayCare Health System, Inc.
The effective date of the transaction is January 1, 2016.
With the divestiture of Bartow Regional Medical Center,
Community Health Systems affiliates continue to operate 25
hospitals in Florida. The Company does not expect the transaction
to have a meaningful impact on financial operations.
Forward-Looking StatementsStatements 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.
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 196 affiliated hospitals in 29 states with an aggregate of
approximately 30,000 licensed beds.
The Company has announced plans for a spin-off transaction to
create a new, publicly-traded company, Quorum Health
Corporation, with 38 affiliated hospitals and related outpatient
services in 16 states, together with Quorum Health Resources,
LLC, a subsidiary providing management and consulting services to
non-affiliated hospitals. The transaction is expected to close
during the first quarter of 2016.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151231005238/en/
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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