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Community Health Systems Announces Execution of Definitive Agreement to Acquire Ruston, Louisiana Hospital

Posted on: Thursday, 1 February 2007, 18:00 CST

Community Health Systems, Inc. (NYSE:CYH) announced today the execution of a definitive agreement to acquire 159-bed Lincoln General Hospital, located in Ruston, Louisiana. Ruston is located on Interstate 20, approximately 70 miles east of Shreveport, Louisiana. The seller, Lincoln Health System, Inc., is a non-profit organization owned jointly by a local non-profit and three other regional non-profit hospitals. The transaction is subject to regulatory approvals and is expected to close near the end of the first quarter of 2007.

"Lincoln General Hospital is a very desirable, full-service hospital facility in a growing, dynamic market," said Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc. "Capital investment and the expansion of services will benefit both the residents and the community. We look forward to working with the Ruston and Lincoln Parish leadership and dedicated employees and health care professionals to fully develop the potential of this facility."

Located in the Nashville, Tennessee, suburb of Franklin, 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 77 hospitals in 22 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, including particularly the ability to consummate this acquisition transaction and to integrate and improve the operations at this facility. 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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