Community Health Systems Completes West Grove, Pennsylvania Acquisition.Business Editors, Health & Medical Writers BRENTWOOD, Tenn.--(BW HealthWire)--Oct. 1, 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 Southern Chester County Chester County is the name of several counties in the United States:
The village of West Grove derived it's name from the Friends Meeting House on Harmony Road which was built in 1787 on the western edge of London . The hospital, the sole provider of acute care hospital services in its community, was acquired from a community not-for-profit organization and has been renamed "Jennersville Regional Hospital." The facility is located approximately 45 minutes south of Coatesville, Pennsylvania Coatesville, known as the Pittsburgh of the East, is the only designated city in Chester County, Pennsylvania, United States. The population was 10,838 at the 2000 census. , the location of Brandywine Hospital, which was acquired by Community Health Systems in June 2001. "This acquisition furthers our key strategy of selectively acquiring health care providers in growing communities," said Wayne T. Smith, Chairman, President and Chief Executive Officer of Community Health Systems, Inc. "Providing access to needed capital resources, expanding services, recruiting additional physicians, and 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, will enable the residents of this community to obtain more of their health care `at home.' By increasing volume and 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 55 hospitals in 20 states, including two other hospitals in eastern Pennsylvania, Brandywine Hospital and Berwick 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 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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