Community Health Systems to Acquire Via Christi Oklahoma Regional Medical Center.BRENTWOOD, Tenn. -- 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 execution of a definitive agreement to acquire Via Christi Oklahoma Regional Medical Center from the Via Christi Health System, a Catholic not-for-profit healthcare system serving Kansas and Oklahoma. The 148-bed acute-care hospital is the sole healthcare provider in Ponca City, Oklahoma Ponca City is a city located in north central Oklahoma, 18 miles south of the Kansas border and 15 miles east of Interstate 35. The population was 25,596[1] at the 2000 census. Ponca City is the most populous city in Kay County. , approximately 75 miles northeast of Tulsa and 80 miles north of Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm . E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]"Ponca City is an expanding market and represents our first hospital in Oklahoma," said Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc. "We look forward to working with the dedicated employees and licensed professionals in this community." E[acute accent]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 71 hospitals in 21 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." E[acute accent]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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