Community Health Systems, Inc. Declares Special Cash Dividend of $0.25 Per
FRANKLIN, Tenn. -- December 07, 2012
(December 7, 2012) – Community Health Systems, Inc. (the “Company”) (NYSE:CYH)
today announced that its Board of Directors has declared a special cash
dividend of $0.25 per share payable onDecember28, 2012, to holders of record
of the Company’s common stock at the close of business on December17,2012.
The aggregate amount of payment to be made in connection with the special cash
dividend will be approximately $23.0 million.
Commenting on the announcement, Wayne T. Smith, chairman, president and chief
executive officer of Community Health Systems, Inc. said, “Today's
announcement represents our first dividend since becoming a public company in
2000. This special cash dividend of $0.25 per share provides us with an
opportunity to return capital to our shareholders with payment prior to the
end of the year.”
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.”
Any statements made in this press release that are not statements of
historical fact 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, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. 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.
Community Health Systems, Inc.
W. Larry Cash, 615-465-7000
Executive Vice President and Chief Financial Officer
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