Community Health Systems, Inc. Finalizes Amendment of Its Credit Facilities

  Community Health Systems, Inc. Finalizes Amendment of Its Credit Facilities

Business Wire

FRANKLIN, Tenn. -- November 21, 2012

Community Health Systems, Inc. (the “Company”) (NYSE:CYH) today announced that
the Company and its wholly-owned subsidiary, CHS/Community Health Systems,
Inc., have received the requisite lender consents for the proposed amendment
(the “Amendment”) of their existing credit agreement, dated as of July 25,
2007, as amended and restated as of November 5, 2010 and February 2, 2012 (the
“Credit Agreement”).

The Amendment provides increased flexibility for the Company to make
investments and restricted payments and incur debt related to acquisitions,
and amends certain other terms of the Credit Agreement, including the maximum
leverage ratio and interest coverage ratio financial covenant levels. The
pricing of the Loans under the Credit Agreement will remain unchanged. A one
year 1% prepayment premium payable in connection with a repricing of the
extended term loans due 2017 was added. The Amendment is expected to become
effective November 26, 2012.

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 135 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 press release regarding credit agreement
amendments, their impact on the Company 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.

Contact:

Community Health Systems, Inc.
W. Larry Cash, 615-465-7000
Executive Vice President and Chief Financial Officer
 
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