Community Health Systems Announces Buyout of Partner in Five-Hospital Joint Venture in Oklahoma

FRANKLIN, Tenn.--(BUSINESS WIRE)--

Community Health Systems, Inc. CYH announced today that subsidiaries have acquired full ownership of five hospitals in Oklahoma – 53-bed Blackwell Regional Hospital in Blackwell, 56-bed Clinton Regional Hospital in Clinton, 25-bed Marshall County Medical Center in Madill, 52-bed Mayes County Medical Center in Pryor and 32-bed Seminole Medical Center in Seminole. The acquisition was effective March 1, 2015.

The five hospitals were previously owned through a joint venture between INTEGRIS Health and subsidiaries of Health Management Associates, Inc. (HMA). Community Health Systems acquired HMA in January 2014.

The Company's subsidiaries operate ten hospitals in Oklahoma.

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 205 affiliated hospitals in 29 states with an aggregate of approximately 31,000 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.