Profile: Community Health Systems, Inc. (CYH)

Community Health Systems, Inc. (CHS), incorporated in 1996, is an operator of hospitals in the United States. The Company provides healthcare services through these hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. As of December 31, 2008, included in the Company’s operations, were 118 hospitals that it owned, leased or operated. These hospitals are geographically diversified across 28 states, with an aggregate of 17,245 licensed beds. Effective June 30, 2008, the Company acquired the remaining 35% equity interest in Affinity Health Systems, LLC, which indirectly owns and operates Trinity Medical Center (560 licensed beds) in Birmingham, Alabama, from Baptist Health Systems, Inc., giving the Company 100% ownership of that facility. Effective October 1, 2008, the Company acquired Deaconess Medical Center (388 licensed beds) and Valley Hospital and Medical Center (123 licensed beds) located in Spokane, Washington, from Empire Health Services. Effective November 14, 2008, the Company acquired from Willamette Community Health Solutions, all of its joint venture interest in MWMC Holdings, LLC, which indirectly owns and operates McKenzie-Willamette Medical Center of Springfield, Oregon.

In April 2009, the Company announced that one of its subsidiaries has acquired from SHARE Foundation its 50% joint venture interest in MCSA, LLC, which owns and operates 166-bed Medical Center of South Arkansas in El Dorado, Arkansas. As a result, Medical Center of South Arkansas became a wholly owned by the Company's subsidiary. Effective March 1, 2008, the Company sold Woodland Medical Center (100 licensed beds) located in Cullman, Alabama; Parkway Medical Center (108 licensed beds) located in Decatur, Alabama; Hartselle Medical Center (150 licensed beds) located in Hartselle, Alabama; Jacksonville Medical Center (89 licensed beds) located in Jacksonville, Alabama; National Park Medical Center (166 licensed beds) located in Hot Springs, Arkansas; St. Mary’s Regional Medical Center (170 licensed beds) located in Russellville, Arkansas; Mineral Area Regional Medical Center (135 licensed beds) located in Farmington, Missouri; Willamette Valley Medical Center (80 licensed beds) located in McMinnville, Oregon, and White County Community Hospital (60 licensed beds) located in Sparta, Tennessee, to Capella Healthcare, Inc. Effective February 21, 2008, it sold THI Ireland Holdings Limited, which leased and managed the operations of Beacon Medical Center (122 licensed beds) located in Dublin, Ireland, to Beacon Medical Group Limited. Effective February 1, 2008, it sold Russell County Medical Center (78 licensed beds) located in Lebanon, Virginia, to Mountain States Health Alliance.

CHS generates revenues by providing a range of general and specialized hospital healthcare services to patients in the communities, in which the Company is located. Services provided by its hospitals include, but are not limited to, general acute care services, emergency room services, general and specialty surgery, critical care, internal medicine, obstetrics and diagnostic services. As part of providing these services CHS also owns, outright or through partnerships with physicians, physician practices, imaging centers, and ambulatory surgery centers. In addition to its hospitals and related businesses, CHS also owns and operates home health agencies, including four home health agencies located in markets, where the Company does not operate a hospital.

Through the Company’s wholly owned subsidiary, Quorum Health Resources, LLC (QHR), CHS also provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. The Company receives payment for healthcare services provided by its hospitals from the federal Medicare program; state Medicaid or similar programs; healthcare insurance carriers, health maintenance organizations (HMOs), preferred provider organizations (PPOs) and other managed care programs, and patient directly. Under the Medicare program, the Company is paid for inpatient and outpatient services performed by its hospitals.