Community Health Systems, Inc. (NYSE: CYH) today announced that a
subsidiary has acquired Siloam Springs Memorial Hospital, a 74-bed acute
care hospital in Siloam Springs, Arkansas. The transaction is structured
as a short-term lease of the existing facility and includes a
replacement facility to be built by the end of the fourth year of the
lease term. Siloam Springs Memorial Hospital is located near the
Oklahoma border approximately 30 miles northwest of Fayetteville,
Arkansas. It becomes the eighth Community Health Systems affiliated
facility in Arkansas and the fourth in the northwestern section of the
state. Siloam Springs Memorial Hospital offers a wide range of inpatient
and outpatient services.
“We are pleased to expand our presence in Arkansas and to broaden our
commitment to provide quality healthcare services for local
communities,” said Wayne T. Smith, chairman, president and chief
executive officer of Community Health Systems, Inc. “Siloam Springs is
part of a rapidly growing area with an increasing demand for healthcare
services. We look forward to working with the hospital’s employees,
medical staff and local leadership to help meet the community’s
healthcare needs.”
Located in the Nashville, Tennessee, suburb of Franklin, Community
Health Systems, Inc. is the largest publicly-traded hospital company 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
approximately 119 hospitals in 29 states, with an aggregate of
approximately 17,600 licensed beds. Its hospitals offer a broad range of
inpatient medical and surgical services, outpatient treatment and
skilled nursing care. In addition, through its QHR subsidiary, the
Company provides management and consulting services to independent
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 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.
