Community Health Systems, Inc. Announces Completion of Tender Offer For 8⅞% Senior Notes Due 2015

Community Health Systems, Inc. (the “Company”) (NYSE: CYH) today announced the completion of the previously announced cash tender offer by its wholly-owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), for any and all of the Issuer’s approximately $934 million aggregate principal amount of 8⅞% Senior Notes due 2015 then outstanding (the “Notes”). The tender offer expired at 5:00 p.m., New York City time, on August 1, 2012 (the “Expiration Time”).

As previously announced, as of 5:00 p.m., New York City time, on July 17, 2012 (the “Consent Expiration”), $639,705,000 aggregate principal amount, or approximately 68.5 percent, of the outstanding Notes had been validly tendered and not withdrawn and the holders thereof consented to the proposed amendments to the indenture governing the Notes set forth in an Offer to Purchase and Consent Solicitation Statement (the “Offer to Purchase”) that was sent to holders of the Notes. The Issuer accepted for purchase all Notes that had been validly tendered and not withdrawn. Payment for Notes accepted for purchase at the Consent Expiration was made on July 18, 2012, and the proposed amendments referred to above became operative on July 18, 2012. No additional Notes were tendered after the Consent Expiration and prior to the Expiration Time.

The Issuer retained Credit Suisse Securities (USA) LLC to act as Dealer Manager and Solicitation Agent in connection with the tender offer and consent solicitation. Questions about the terms of the tender offer and consent solicitation may be directed to Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll-free) or (212) 538-2147 (collect). Copies of the tender offer and consent solicitation documents and other related documents may be obtained from D.F. King & Co., Inc., the Tender and Information Agent for the tender offer, at (800) 290-6427 (toll-free).

The tender offer and consent solicitation were made solely by means of the Offer to Purchase and the related Consent and Letter of Transmittal. Under no circumstances shall this press release constitute an offer to purchase or the solicitation of an offer to sell the Notes or any other securities of the Issuer or any other person, nor shall there be any offer or sale of any Notes or other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No recommendation is made as to whether holders of the Notes should tender their Notes.

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 the proposed transactions 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.

Contacts:

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