Community Health Systems Acquires Mercy Health Center in Laredo, Texas.Business Editors/Health/Medical Writers BRENTWOOD, Tenn.--(BUSINESS WIRE)--Oct. 1, 2003 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 ) announced today the acquisition of Mercy Health Center in Laredo, Texas, from the Sisters of Mercy (R. C. Ch.) a religious order founded in Dublin in the year 1827. Communities of the same name have since been established in various American cities. The duties of those belonging to the order are, to attend lying-in hospitals, to superintend the education of girls, and protect Health System in St. Louis, Missouri. This acquisition includes a 326-bed hospital as well as an ambulatory care center ambulatory care center Walk-in clinic Medical practice A free-standing facility that provides non-emergent medical, or less commonly, dental services , a diagnostic center, a cancer center and several medical office buildings. The hospital was built in 1999 and will be renamed Laredo Medical Center. Laredo is on the Rio Grande River and is located approximately 140 miles 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. . "Laredo represents a solid acquisition target for us in one of the fastest growing areas of the country," said Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc. "Additionally, the facility offers a large range of general and specialized in and out patient services including open heart and neurosurgery neurosurgery /neu·ro·sur·gery/ (noor´o-sur?jer-e) surgery of the nervous system. neu·ro·sur·ger·y n. Surgery on any part of the nervous system. and is the only facility to do so for more than 100 miles. We look forward to working with the dedicated employees and licensed professionals in Laredo." 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 over 70 hospitals in 22 states. Its hospitals offer a broad range of inpatient and outpatient medical and surgical services. 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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