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Community Health Systems, Inc. Announces Proposed Public Offering by Selling Stockholders.


Business Editors/Health/Medical Writers

BRENTWOOD, Tenn.--(BUSINESS WIRE)--April 13, 2004

Community Health Systems, Inc. (NYSE NYSE

See: New York Stock Exchange
: CYH CYH Check Your Head (youth driven organization in Canada)
CYH Consider Yourself Hugged
) today announced that it intends to file a preliminary prospectus Preliminary Prospectus

A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders
 supplement with the Securities and Exchange Commission covering the public offering by affiliates of Forstmann Little & Co. and other stockholders of the Company, including members of management, of up to 23,400,870 shares of Common Stock. Affiliates of Forstmann Little & Co. and some of the other selling stockholders will also grant the underwriters of the proposed offering a 30-day option to purchase up to 3,510,130 shares to cover over allotments, if any. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders.

Goldman, Sachs & Co. and Merrill Lynch & Co. will be the co-lead managers for the offering. Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, JPMorgan, Citigroup, UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
 Investment Bank and Wachovia Securities will be the co-managers for the offering.

The offering may be made only by means of a prospectus and the related prospectus supplement. When available copies of the preliminary prospectus supplement and the prospectus relating to the offering may be obtained from the offices of Goldman, Sachs & Co., 85 Broad Street, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, New York 10004, (212) 902-1000, or Merrill Lynch & Co., World Financial Center - North Tower, 250 Vesey Street, New York, New York 10281, (212) 449-1000.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Located in the Nashville, Tennessee suburb of Brentwood, Community Health Systems is a leading operator of general acute care hospitals in non-urban communities throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 72 hospitals in 22 states. Its hospitals offer a broad range of inpatient medical and surgical services, outpatient treatment and skilled nursing care. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 under the symbol "CYH."
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 13, 2004
Words:366
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