FRANKLIN, Tenn.--(BUSINESS WIRE)--
Community Health Systems, Inc. (NYSE: CYH - News) announced today that a subsidiary of the Company has merged operations with Diagnostic Clinic of Longview, P.A., a large multi-specialty clinic serving residents of Longview, Texas, and surrounding East Texas communities. More than 100 physicians, 30 mid-level providers and 500 other employees of the practice provide quality care at 18 area locations. In accordance with Texas law, the physicians of Diagnostic Clinic of Longview are employed by a separate entity.
This transaction creates the foundation for a new integrated healthcare delivery system with Longview Regional Medical Center, which is owned by a separate subsidiary of Community Health Systems, Inc.
Commenting on today’s announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, “As we continue to build strong networks across the communities that we serve, we reinforce our commitment to provide quality, accessible healthcare services and efficient, coordinated patient care. These networks support clinical excellence through collaboration among providers and enhance our operating strategies to help position our affiliates for long-term success and growth.”
Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 134 hospitals in 29 states with an aggregate of approximately 20,000 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary, Quorum Health Resources, LLC, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”
Forward-Looking Statements
Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk 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, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
No comments:
Post a Comment