FRANKLIN, TN. (October 13, 2014) – Capella Healthcare, Inc. announced today that it has signed an agreement with subsidiaries of Community Health Systems, Inc. (NYSE: CYH) to acquire ownership interest in Carolina Pines Regional Medical Center and its related outpatient services.

The transaction is subject to customary regulatory approvals. Until the transaction is complete, current ownership will remain in place. Financial terms of the transaction have not been disclosed.

Carolina Pines will be divested by a subsidiary of Community Health Systems, Inc. to fulfill requirements set by the Federal Trade Commission during the acquisition of Health Management Associates, Inc.

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“Carolina Pines Medical Center has a rich history of service to the people of Hartsville and surrounding communities,” said Michael Wiechart, President and Chief Executive Officer of Capella Healthcare.  “The employees and physicians we met as we performed due diligence are committed to delivering high quality care. We believe that our affiliation will be beneficial to both of our organizations.”

 

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About Carolina Pines Regional Medical Center

At Carolina Pines Regional Medical Center in Hartsville, SC, we “care for our own, right here at home.” The facilities on our campus include a 116-bed acute care hospital and an adjoining medical office building. From routine checkups to complex, state of the art surgery, Carolina Pines Regional Medical Center is the healthcare provider of choice in our service area, which includes the counties of Darlington, Chesterfield, Lee and Marlboro.

This hospital is partially owned by physicians.

              

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About Capella Healthcare

Capella Healthcare partners with communities to build strong local healthcare systems that are known for quality patient care. Based in Franklin, Tenn., Capella owns and/or operates 13 acute care and specialty hospital facilities in six states. With the philosophy that all healthcare is local, Capella collaborates with each hospital’s medical staff, board and community leadership to take care to the next level. The company has access to significant leadership and financial resources, investing in its family of hospitals to strengthen and expand services and facilities. The company was recognized by Modern Healthcare as one of the nation’s fastest growing health care companies in both 2012 and 2013.  For more information, visit the website at www.CapellaHealthcare.com.

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About Community Health Systems, Inc.

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 communities across the country. Through its subsidiaries, the Company currently owns, leases or operates 207 affiliated hospitals in 29 states with an aggregate of approximately 31,100 licensed beds. The Company’s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” More information about the Company can be found on its website at www.chs.net.

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News Media Contact:

Beth B. Wright, VP-Corporate Communications & Strategic Marketing

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(615) 764-3010

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(615) 764-3013