Community Health Systems, Inc. Announces the Disposition of Jonesboro, Arkansas Facility.FRANKLIN, Tenn. -- 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 the disposition by a subsidiary of its 60 percent interest in NEA NEA abbr. 1. National Education Association 2. National Endowment for the Arts NEA (US) n abbr (= National Education Association) → Verband für das Erziehungswesen (Northeast Arkansas) Medical Center, a 104-bed acute care hospital located in Jonesboro, Arkansas Jonesboro is a city in Craighead County, Arkansas, United States. According to 2006 Census Bureau estimates, the population of the city is 59,358.[1] Jonesboro is the county seat, the largest city in northeast Arkansas, and the fifth most populous city in the state. , to Baptist Memorial Health Care, headquartered in Memphis, Tennessee. The transaction also included real estate and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. , and was effective on October 31, 2007. 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 127 hospitals in 28 states and one in the Republic of Ireland, with an aggregate of approximately 19,100 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 QHR Quorum Health Resources QHR Quality Hours (grading system) QHR Quarter Horse Racing 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 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." 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. |
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