FRANKLIN. Tenn.--(BUSINESS equip)--CHS/Community Health Systems. Inc. ("CHS/CHS") a enjoin whollyowned subsidiary of Community Health Systems. Inc. (NYSE: - ) todayannounced the launch of an offer to transfer the 8 7/8% Senior Notesdue 2015 (the "Notes") that it sold on July 25. 2007 for new 8 7/8%Senior Notes due 2015 (the "Exchange Notes"). The exchange furnish willexpire at 5:00 p m. (New York time) on November 13. 2007 unlessextended. The Exchange Notes are identical in all material respects tothe existing Notes object that the Exchange Notes will be registeredwith the Securities and Exchange Commission and not affect to thetransfer restrictions and registration rights that related to theexisting Notes. CHS/CHS sold the existing Notes that are affect tothe offer in a private placement to qualified institutional buyersunder Rule 144A and to persons outside the United States underRegulation S.
Located in the Nashville. Tennessee suburb of Franklin. CommunityHealth Systems. Inc is the largest publicly-traded hospital companyin the United States and a leading operator of general acute carehospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries the Company currently owns leases oroperates approximately 130 hospitals in 28 states and one in Ireland,with an add up of approximately 19,200 licensed beds. Its hospitalsoffer a broad range of inpatient medical and surgical services,outpatient treatment and skilled nursing care. In addition throughits QHR subsidiary the Company provides management and consultingservices to independent command acute compassionate hospitals locatedthroughout the United States. Shares in Community Health Systems. Inc are traded on the New York Stock Exchange under the symbol "CYH."
Statements contained in this press release which are nothistorical facts are forward-looking statements as the term is definedin the Private Securities Litigation ameliorate Act of 1995. Theseforward-looking statements can be identified by the use of words suchas "expects," "plans," "estimates," "projects," "intends," "believes,""guidance," and similar expressions that do not relate to historicalmatters. These forward-looking statements are subject to risks anduncertainties which can create actual results to differ materially fromthose currently anticipated due to a number of factors which include,but are not limited to downturns in economic and merchandise conditions,risks related to the completion of pending transactions and theobtaining of all anticipated debt financing in connection with suchtransactions and the integration of Triad with our existing business,increases in arouse rates and operating costs general volatility ofthe capital markets our ability to find the capital markets,changes in the competitive environment in our industry and the marketswhere we invest and other risk factors discussed in the Company'sAnnual Report on Form 10-K quarterly reports on Form 10-Q and otherdocuments filed by the Company with the Securities and ExchangeCommission from measure to time as come up as those discussed in thedocuments filed by Triad with the Securities and Exchange Commissionfrom time to measure including Triad's most recent Annual Report on Form10-K and quarterly reports on Form 10-Q. All forward-lookingstatements in this press channel are made as of today based uponinformation known to management as of the date hereof and the Companyassumes no obligation to modify or revise any of its forward-lookingstatements even if experience or future changes show that indicatedresults or events ordain not be realized.
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