Community Health Systems in Preliminary Discussions
19 September 2016 - 9:00PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
the Company, with the assistance of advisors, is exploring a
variety of options with financial sponsors, as well as other
potential alternatives.
The discussions are at a very preliminary stage and there is no
timeline established for this review. There can be no certainty
that the exploration will result in any kind of transaction. The
Company does not expect to make further public comment regarding
these matters while the exploration process takes place.
“Community Health Systems’ primary focus continues to be on
delivering high-quality health services in the communities where we
operate,” said Wayne T. Smith, chairman and chief executive officer
of Community Health Systems, Inc. “Our management team is
completely committed to efforts that advance clinical excellence,
operational and financial performance and growth strategies that
will benefit our organization and the customers we serve.”
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 158 affiliated hospitals in
22 states with an aggregate of nearly 27,000 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/20160919005442/en/
Community Health Systems, Inc.Investor Contact:W.
Larry Cash, 615-465-7000President of Financial Services and Chief
Financial OfficerorMedia Contact:Tomi Galin,
615-628-6607Senior Vice President, Corporate Communications,
Marketing and Public Affairs
Community Health Systems (NYSE:CYH)
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