Community Health Systems Completes Divestiture of Spokane, Washington Health System
Community Health Systems, Inc. (NYSE:CYH) announced today that subsidiaries of the Company have completed the sale of their
ownership interest in Rockwood Health System and its associated assets to subsidiaries of MultiCare Health System. Facilities
included in the transaction are 388-bed Deaconess Hospital in Spokane, 123-bed Valley Hospital in Spokane Valley and the
multi-specialty Rockwood Clinic, all in Washington. The effective date of the transaction is July 1, 2017. With the divestitures
completed, Community Health Systems affiliates continue to operate two hospitals in Washington.
The two hospitals included in this transaction are part of the 30 planned hospital divestitures discussed on the Company’s first
quarter 2017 earnings call.
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 139 affiliated hospitals in 21 states with an aggregate of approximately 22,000 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:
Thomas J. Aaron, 615-465-7000
Executive Vice President 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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