Community Health Systems Announces Definitive Agreement to Divest Lake Charles, Louisiana
Hospital
Community Health Systems, Inc. (NYSE:CYH) announced today that subsidiaries of the Company have signed a definitive agreement to
sell 88-bed Lake Area Medical Center in Lake Charles, Louisiana, and its associated assets to subsidiaries of CHRISTUS Health. The
transaction is expected to close in the second quarter of this year, subject to customary regulatory approvals and closing
conditions.
The hospital in this transaction is one of the planned hospital divestitures previously discussed. The Company will provide an
update on its divestiture activity on its first quarter 2017 earnings call scheduled to begin at 11:00 a.m. Central time,
12:00 p.m. Eastern time, on Tuesday, May 2, 2017.
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
146 affiliated hospitals in 21 states with an aggregate of approximately 24,000 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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Community Health Systems, Inc.
Investor Contacts:
W. Larry Cash, 615-465-7000
President of Financial Services and Chief Financial Officer
or
Ross W. Comeaux, 615-465-7012
Senior Director – Investor Relations
or
Media Contact:
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications, Marketing and Public Affairs
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