Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - COMMUNITY HEALTH SYSTEMS INC | g27172e8vk.htm |
Exhibit 99.1
COMMUNITY HEALTH SYSTEMS WITHDRAWS OFFER FOR TENET
FRANKLIN, Tenn. (May 9, 2011) — Community Health Systems, Inc. (NYSE: CYH) (“CHS”) today
announced that it has withdrawn its offer to acquire all of the outstanding shares of common stock
of Tenet Healthcare Corporation (NYSE: THC) for $7.25 per share in cash. CHS has also withdrawn
its nominees for election to Tenet’s Board of Directors at Tenet’s 2011 annual meeting.
About Community Health Systems, Inc.
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 133 hospitals in 29 states with an
aggregate of approximately 19,500 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
approximately 150 independent non-affiliated general acute care hospitals located throughout the
United States.
Media Contacts:
|
Investor Contacts: | |
Tomi Galin
|
W. Larry Cash | |
VP — Corporate Communications
|
EVP & CFO | |
615-628-6607
|
615-465-7000 | |
| Lizbeth Schuler | ||
| VP — Investor Relations | ||
| 615-465-7000 |
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