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Investor Alert

press release

Oct. 23, 2020, 4:15 p.m. EDT

Community Health Systems Completes Divestiture of San Angelo, Texas Hospital

Community Health Systems, Inc. /zigman2/quotes/203657360/composite CYH +9.22% announced today that a subsidiary of the Company has completed the sale of 171-bed San Angelo Community Medical Center in San Angelo, Texas, and its associated assets to subsidiaries of Shannon Health System. The effective date of the transaction is October 24, 2020.

The hospital in this transaction is among the planned divestitures discussed on the Company’s second quarter 2020 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 91 affiliated hospitals in 16 states with an aggregate of approximately 15,000 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201023005449/en/

SOURCE: Community Health Systems, Inc.

Investor Contacts:
Kevin J. Hammons, 615-465-7000
Executive Vice President and Chief Financial Officer
or
Ross W. Comeaux, 615-465-7012
Vice President – Investor Relations Media Contact:
Tomi Galin, 615-628-6607
Senior Vice President, Corporate
Communications, Marketing and Public Affairs

COMTEX_373303416/2456/2020-10-23T16:15:20

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Copyright Business Wire 2020

/zigman2/quotes/203657360/composite
US : U.S.: NYSE
$ 8.65
+0.73 +9.22%
Volume: 2.58M
Dec. 4, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.03 billion
Rev. per Employee
$165,125
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