Community Health Systems Announces Definitive Agreement to Sell the Assets of Ocala, Florida
Hospital
Community Health Systems, Inc. (NYSE: CYH) announced today that an affiliate of the Company has signed a definitive agreement to
sell substantially all of the associated assets of 421-bed Munroe Regional Medical Center in Ocala, Florida, to Florida Hospital
Ocala, Inc., a subsidiary of Adventist Health System Sunbelt Healthcare Corporation. As part of the transaction, Florida Hospital
will assume the long-term lease and operations of Munroe Regional Medical Center. The transfer of the lease is subject to the
consent of the Marion County Hospital District. The transaction is expected to close in the third quarter of 2018, subject to
customary regulatory approvals and closing conditions.
The hospital included in this transaction is among the additional planned divestitures discussed on the Company’s fourth quarter
2017 earnings call.
Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to Adventist Health System on this
transaction.
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
126 affiliated hospitals in 20 states with an aggregate of approximately 21,000 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
Vice President – Investor Relations
or
Media Contact:
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications, Marketing and Public Affairs
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