Community Health Systems acquires Memorial Health Systems in York

Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have acquired substantially all of the assets of Memorial Health Systems in York, Pennsylvania. The system includes 100-bed Memorial Hospital, the Surgical Center of York, and other outpatient and ancillary services. Memorial Hospital becomes the seventeenth Community Health Systems, Inc. affiliated hospital in Pennsylvania. The purchase agreement includes a commitment to construct a replacement hospital within five years of the closing date.

Commenting on today's announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, "The acquisition of Memorial Health Systems extends our strong track record of growth and investment in Pennsylvania. The hospital's medical staff and employees provide high-quality healthcare services in a competitive environment. We look forward to applying our proven operating strategies, physician recruitment resources, and access to capital to support the care they provide for their patients and to help bring life to a new, modern medical facility that advances clinical quality and the hospital experience."

Source Community Health Systems, Inc.