Community Health Systems Completes Red Bud, Illinois Transaction.Business Editors & Health/Medical Writers BRENTWOOD, Tenn.--(BW HealthWire)--Sept. 4, 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 ) announced the acquisition and commencement of operations of Red Bud Regional Hospital, a 103-bed acute care facility located in rural, southwestern Illinois, approximately 40 miles south of St. Louis, Missouri. The hospital, the sole provider of acute care hospital services in the Red Bud area, was acquired together with related businesses 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 , who operated the system under the name St. Clement Health Services health services Managed care The benefits covered under a health contract . "This acquisition furthers our key strategy of selectively acquiring health care providers in communities that can benefit from our operating strategies," said Wayne T. Smith, Chairman, President and Chief Executive Officer of Community Health Systems, Inc. "Recruiting additional physicians, implementing 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, and providing access to needed capital resources will enable the residents of this community to obtain more of their health care `at home.' By consequently increasing market share, this acquisition will help us execute our company's growth strategy. We look forward to working with the dedicated physicians, employees, volunteers, and members of the community to improve 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 54 hospitals in 20 states, including two other hospitals in southern Illinois, Marion Memorial Hospital and Crossroads Community Hospital. 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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