October 31, 2014 7:29 AM ET

Healthcare Providers and Services

Company Overview of CHS/Community Health Systems, Inc.

Company Overview

CHS/Community Health Systems, Inc. owns, leases, and operates acute care hospitals in non-urban and urban markets in the United States. The company’s hospitals offer general and specialized hospital healthcare services, including general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services. It also provides additional outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers, ambulatory surgery centers, and home health and hospice agencies. The company is based in Franklin, Tennessee. CHS/Community Health Systems, Inc. is a subsidiary of Co...

4000 Meridian Boulevard

Franklin, TN 37067

United States

Phone:

615-465-7000

Key Executives for CHS/Community Health Systems, Inc.

Chairman
Age: 68
Chief Financial Officer
Age: 65
Senior Vice President of Operations
Age: 59
President of Division II Operations
Age: 55
President of Division V Operations
Age: 56
Compensation as of Fiscal Year 2014.

CHS/Community Health Systems, Inc. Key Developments

CHS/Community Health Systems, Inc. Announces Completion of Exchange Offers for 5.125% Senior Secured Notes Due 2021 and 6.875% Senior Notes Due 2022

CHS/Community Health Systems, Inc. has completed offers to exchange its 5.125% senior senior notes due 2021 in the aggregate principal amount of $1,000,000,000, which are not registered under the Securities Act of 1933, as amended for a like principal amount of 5.125% senior senior notes due 2021, which have been registered under the Act and its 6.875% senior notes due 2022 in the aggregate principal amount of $3,000,000,000, which are not registered under the Act for a like principal amount of 6.875% senior notes due 2022, which have been registered under the Act. The exchange offers expired on October 28, 2014. As of the Expiration Date, $1,000,000,000 in aggregate principal amount (or 100%) of the outstanding Secured initial notes, and approximately $2,991,778,000 in aggregate principal amount (or 99.73%) of the outstanding unsecured Initial Notes were validly tendered and accepted for exchange. The exchange offers were made pursuant to registration rights agreements entered into in connection with the issuance of the initial notes on January 27, 2014.

CHS/Community Health Systems, Inc. Announces Launch of Exchange Offers for 5.125% Senior Secured Notes Due 2021 and 6.875% Senior Notes Due 2022

CHS/Community Health Systems, Inc. has launched offers to exchange its 5.125% Senior Secured Notes due 2021 in the aggregate principal amount of $1,000,000,000, which are not registered under the Securities Act of 1933, as amended for a like principal amount of 5.125% Senior Secured Notes due 2021, which have been registered under the Act and its 6.875% Senior Notes due 2022 in the aggregate principal amount of $3,000,000,000, which are not registered under the Act for a like principal amount of 6.875% Senior Notes due 2022, which have been registered under the Act. The exchange offers will expire at 12:00 a.m. (New York City time) on October 28, 2014, unless extended. The Exchange Notes are substantially identical to the Initial Notes, except that the Exchange Notes will be registered under the Securities Act and will not be subject to the transfer restrictions and certain registration rights agreement provisions applicable to the Initial Notes. The Initial Notes that are subject to the exchange offers were originally sold in a private placement to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S, which was completed on January 27, 2014, in connection with the Company's acquisition of Health Management Associates, Inc. on such date.

Community Health Systems, Inc. and CHS/Community Health Systems, Inc. Launch Credit Facility Financing

Community Health Systems, Inc. announced that it and its CHS/Community Health Systems, Inc. are launching a credit facility financing in connection with the previously announced acquisition of Health Management Associates Inc. The new credit facility financing includes a new Revolving Credit Facility of $1.0 billion which will replace the company's existing revolving credit facility and mature in 2019, a new Term Loan A Facility of $1.0 billion which will replace the company's existing Term Loan A Facility and mature in 2019, an extension of the maturity of certain existing extended term loans maturing in 2017 to 2021, and a new $2.26 billion Term Loan D Facility that will mature in 2021. Proceeds from a portion of the new Term Loan A Facility and the Term Loan D Facility are expected to be applied to finance the acquisition of HMA and refinance existing indebtedness. In addition, the company is seeking the consent of lenders to amend its existing senior secured credit agreement to add flexibility commensurate with the post-acquisition structure of the company.

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