Monday, December 17, 2007

FRANKLIN, Tenn.--(BUSINESS WIRE)--Nov. 27, 2007--Community Health Systems, Inc. (NYSE: CYH) today announced the execution of a definitive agreement to sell nine hospitals to Capella Healthcare, Inc., a privately held, for-profit hospital company headquartered in Franklin, Tennessee. The aggregate purchase price for the transaction, which is structured as a sale of stock, is $315 million. The transaction is subject to the typical closing contingencies for a transaction of this size, and is expected to close on January 31, 2008. The following facilities are included in the transaction:
Note: The facilities in the transaction are a mix of Triad acquisition facilities and existing Company facilities.

Licensed Facility Name Location #Beds
------------------------------------------ ---------------- --------
Hartselle Medical Center Hartselle, AL 150
Jacksonville Medical Center Jacksonville, AL 89
Parkway Medical Center Decatur, AL 108
Woodland Medical Center Cullman, AL 100
National Park Medical Center Hot Springs, AR 156
St. Mary's Regional Medical Center Russellville, AR 170
Mineral Area Regional Medical Center Farmington, MO 135
White County Medical Center Sparta, TN 60
Willamette Valley Medical Center McMinnville, OR 80

Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is the largest publicly-traded hospital company in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates approximately 127 hospitals in 28 states and one in the Republic of Ireland, with an aggregate of approximately 19,100 licensed beds. Its hospitals offer a broad range of inpatient medical and surgical services, outpatient treatment and skilled nursing care. In addition, through its QHR subsidiary, the Company provides management and consulting services to independent general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol "CYH." (QHR...Quorum)

1 comment:

Anonymous said...

CHS is currently defending a Physician recruitment fraud case in Greenville, Alabama 08/08