FRANKLIN, Tenn.--(BUSINESS WIRE)-- Community Health Systems, Inc. (NYSE: CYH) announced today that a subsidiary has executed a definitive agreement to acquire substantially all of the assets of 26-bed Roswell Regional Hospital in Roswell, New Mexico. A separate subsidiary currently operates 162-bed Eastern New Mexico Medical Center, which is also located in Roswell. The transaction is expected to close during the first quarter of 2012 and is subject to closing conditions, including receipt of certain regulatory approvals. When the acquisition is completed, Roswell Regional Hospital will become the seventh Community Health Systems, Inc. affiliated hospital in New Mexico.
Commenting on today’s announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc. said, “This transaction reinforces our commitment to provide comprehensive healthcare services for citizens of Roswell and the surrounding communities of Chaves County. We look forward to working with the medical staffs and employees of Roswell Regional Hospital and Eastern New Mexico Medical Center as they build a progressive, integrated delivery system that will further advance the quality of healthcare available for the region.”
Located in the Nashville, Tennessee, suburb of Franklin, 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 non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 131 hospitals in 29 states with an aggregate of approximately 19,300 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary, Quorum Health Resources, LLC, the Company provides management and consulting services to non-affiliated 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.”
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.
Community Health Systems, Inc.
W. Larry Cash, 615-465-7000
Executive Vice President
and Chief Financial Officer
Tomi Galin, 615-628-6607
Vice President, Corporate Communications
KEYWORDS: United States North America New Mexico Tennessee
INDUSTRY KEYWORDS: Health Hospitals