Community Health Systems Announces Definitive Agreement to Acquire Natchez, Mississippi Hospital

Acquisition is Contingent upon Natchez Regional Medical Center Bankruptcy Proceedings, Court Approval and Auction

FRANKLIN, Tenn.--()--Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have executed a definitive agreement to acquire substantially all of the assets of 179-bed Natchez Regional Medical Center in Natchez, Mississippi. Natchez Regional Medical Center voluntarily filed for Chapter 9 bankruptcy in March 2014. The definitive agreement is subject to approval of the bankruptcy court and an auction of Natchez Regional Medical Center. Through its affiliates, Community Health Systems currently operates 12 affiliated hospitals in Mississippi, including Natchez Community Hospital.

Commenting on today’s announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, “We look forward to completing this potential acquisition and working with the medical staffs and employees of both hospitals in Natchez in a coordinated approach to providing quality care for local residents.”

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. Through its subsidiaries, the Company currently owns, leases or operates 208 affiliated hospitals in 29 states with an aggregate of approximately 31,300 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 expected operating results, acquisition transactions or divestitures 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.

Contacts

Community Health Systems, Inc.
Investor Relations:
W. Larry Cash, 615-465-7000
President of Financial Services and Chief Financial Officer
or
Media Relations:
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs

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Contacts

Community Health Systems, Inc.
Investor Relations:
W. Larry Cash, 615-465-7000
President of Financial Services and Chief Financial Officer
or
Media Relations:
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs