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COMMUNITY HEALTH SYSTEMS TO ACQUIRE KENTUCKY HOSPITAL.


NASHVILLE, Tenn.--(BUSINESS WIRE)--July 10, 1995--Community Health Systems, Inc. (NYSE NYSE

See: New York Stock Exchange
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) today announced it has signed a definitive agreement to acquire the operations of the 55-bed Middle Kentucky River Kentucky River

Tributary of the Ohio River in north-central Kentucky, U.S. It is formed by the confluence of North, Middle, and South forks, which originate in the Cumberland Mountains. It is navigable along its 259-mi (417-km) course by means of locks.
 Medical Center in Jackson, Kentucky Jackson is a city in Breathitt County, Kentucky, United States. The population was 2,490 at the 2000 census. It is the county seat of Breathitt CountyGR6. Geography
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, through the assumption of a long term lease. Terms of the acquisition, which is expected to close by the end of August, were not disclosed.

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The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs
 Chaney, President and Chief Executive Officer of Community Health Systems, said the hospital's 1994 revenues were approximately $20 million. Mr. Chaney commented, "Middle Kentucky River Medical Center is a full service community hospital built in 1988 that emphasizes primary care. It is the sole provider of hospital care to the people in both its primary and secondary service areas, a four county area, and is therefore an acquisition which fits both our strategic and economic parameters."

Community Health now owns and operates 40 hospitals in 17 states, primarily in the southeast and southwest.

CONTACT: Community Health Systems, Nashville

Merilyn H. Herbert, 615/373-9600
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 10, 1995
Words:165
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