Community Health Systems Acquires Southside Regional Medical Center in Petersburg, Virginia

BRENTWOOD, Tenn.--()--Aug. 4, 2003--Community Health Systems, Inc. (NYSE:CYH) announced today the closing of the acquisition of Southside Regional Medical Center in Petersburg, Virginia, effective August 1, 2003. Included in the transaction are 408-bed Southside Regional Medical Center (SRMC), located 22 miles south of Richmond, several satellite clinics and two paramedical educational programs. The transaction is structured as a lease of real estate and purchase of other assets, with a commitment to construct a replacement facility, pending application for and receipt of a certificate of public need. The Hospital Authority of the City of Petersburg operated the hospital prior to this transaction.

"We are attracted to the Petersburg market because of its strategic location and the reputation of Southside Regional Medical Center. The community has a strong commitment to its only acute care hospital and to providing quality healthcare to the residents of Petersburg and the surrounding areas," said Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc. "We look forward to building on that strong foundation of service by working with the dedicated employees and licensed professionals and introducing enhanced hospital services."

Southside Regional Medical Center is the fourth Community Health Systems facility in Virginia, joining Southampton Memorial Hospital in Franklin, Greensville Memorial Hospital in Emporia, and Russell County Medical Center in Lebanon.

Located in the Nashville, Tennessee, suburb of Brentwood, Community Health Systems is a leading operator of general acute care hospitals in non-urban communities throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 72 hospitals in 22 states. Its hospitals offer a broad range of inpatient and outpatient medical and surgical services. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol "CYH."

Statements contained in this news release are forward-looking statements that involve risks 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, specifically the most recent filings which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including execution of our growth, acquisition, and business strategies. These and other applicable risks are summarized under the caption "risk factors" in the Company's Securities and Exchange Commission filings.

Contacts

Community Health Systems, Inc., Brentwood
Investor Contact:
W. Larry Cash, 615-373-9600
or
Media Contact:
Lovell Communications
Paula Lovell, 615-297-7766 (Tennessee)

Contacts

Community Health Systems, Inc., Brentwood
Investor Contact:
W. Larry Cash, 615-373-9600
or
Media Contact:
Lovell Communications
Paula Lovell, 615-297-7766 (Tennessee)