Community Health Systems to Acquire Via Christi Oklahoma Regional Medical Center
Posted on: Thursday, 16 February 2006, 18:00 CST
Community Health Systems, Inc. (NYSE:CYH) 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, approximately 75 miles northeast of Tulsa and 80 miles north of Oklahoma City.
"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."
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 under the symbol "CYH."
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.
Source: Business Wire
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