Community Health Systems Completes Purchase of Western Arizona Regional Medical Center.Business Editors and Health/Medical Writers BRENTWOOD, Tenn.--(BW HealthWire)--July 5, 2000 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 completion of the purchase of 90-bed Western Arizona Regional Medical Center, located in Bullhead bullhead, common name for several species of fish. See catfish; sculpin. bullhead Any of several species of North American freshwater catfish in the genus Ictalurus, valued as food and sport fishes. Bullheads are related to the channel catfish (I. City, Ariz., from Baptist Hospitals and Health Systems, Inc., of Phoenix, Ariz. Terms of the transaction were not disclosed. "This transaction is in keeping with our ongoing strategy to selectively acquire hospitals in non-urban and high growth communities," said Wayne T. Smith, President and Chief Executive Officer of CHS (Cylinder Head Sector) An earlier method of addressing a hard disk by referencing all three physical elements of the drive. It was superseded by logical block addressing (see LBA). . "We will seek to increase our share of the healthcare dollars spent by local residents and limit inpatient and outpatient migration to larger urban facilities. Our goal is to make this facility the provider of choice for local physicians and their patients." Over the coming weeks, Community Health Systems (CHS) will appoint a local governing board Noun 1. governing board - a board that manages the affairs of an institution board - a committee having supervisory powers; "the board has seven members" comprised of the hospital Chief Executive Officer, members of the medical staff and community members. Located in Nashville suburb, Brentwood, Tennessee Brentwood is a city in Williamson County, Tennessee, United States. The population was 23,445 as of the U.S. Census Bureau's 2000 census, and as of 2007, Brentwood's population has increased to over 30,000. Brentwood is an affluent Nashville suburb. , CHS 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 51 hospitals in 20 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." Statements contained in this news release regarding this newly acquired facility and other events are forward-looking statements that involve risk 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 Registration Statement on Form S-1 (Registration No. 333-31790), as declared effective by the Securities and Exchange commission on June 8, 2000. |
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