Market Overview

Community Health System Announces Restructuring of Operating Divisions, Executive Promotions

Community Health Systems (NYSE: CYH) today
announced a restructuring of its operating divisions and executive level
promotions. The changes precede the Company's pending acquisition of
Health Management Associates, Inc., which includes 71 hospitals and
approximately 575 clinic locations. That transaction is expected to
close by the end of January 2014, subject to customary closing
conditions and receipt of regulatory approvals. Following successful
completion of the transaction, the Community Health Systems organization
will expand from five to six geographically aligned operating divisions.
The new divisional structure and executive promotions are intended to
position the larger organization for long-term success during a period
of transformation for the Company and the healthcare industry. Community
Health Systems

See full press release

Posted-In: News Guidance Financing Management Global

 

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