Community Health Systems Acquires Jourdanton, Texas Hospital.Business Editors, Health & Medical Writers BRENTWOOD, Tenn.--(BW HealthWire)--Nov. 9, 2001 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 acquisition of South Texas Regional Medical Center, a 67-bed acute care facility located in Jourdanton, Texas Jourdanton is a city in Atascosa County, Texas, United States. The population was 3,732 at the 2000 census. It is the county seat of Atascosa CountyGR6. History Jourdanton was founded in 1909 and was named after founder Jourdan Campbell. . The hospital, the sole provider of acute care hospital services in its community, is a recently constructed replacement facility and was acquired from local community developers. The facility is located approximately 45 minutes south of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The effective date of the transaction was November 1, 2001. "This acquisition furthers our key strategy of selectively acquiring health care providers that can benefit from our operational and growth strategies," said Wayne T. Smith, Chairman, President and Chief Executive Officer of Community Health Systems, Inc. "This replacement facility was completed in the last two years, which will accelerate our ability to expand services, recruit additional physicians, and implement our standardized and centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. operating programs. More importantly, our initiatives will enable the residents of this community to obtain more of their health care `at home.' We look forward to working with the dedicated physicians, employees, volunteers, and members of the community to improve and expand the health care services in this community." Located in the Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. suburb, 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 57 hospitals in 20 states, including seven other hospitals in Texas. 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." Statements contained in this news release regarding this newly acquired facility and other events are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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, 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. |
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