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Vista Health to Partner With Community
Health Systems
Waukegan ,
IL , 10/04/05 --Vista Health announced
today the signing of a letter of intent
with Community Health Systems (CHS) of
Brentwood , TN , a leading operator of
non-urban, general acute care hospitals. “Vista
Health will greatly benefit from resources
that can be provided by Community Health
Systems, including access to capital for
healthcare service expansion, purchasing
system efficiencies and standardized management
information systems. Furthermore, CHS is
committed to the local community and works
closely with all local healthcare employees,
physicians and governing boards to ensure
personalized and caring service for total
patient satisfaction,” said Barbara J.
Martin, president and chief executive officer
of Vista Health.
Vista
Health is comprised of Victory Memorial
Hospital , St. Therese Hospital , Vista Health
Surgery and Treatment Center , Vista Imaging
Center , Vista M.R. Center and other ancillary
buildings. Community Health Systems through
its subsidiaries currently owns, leases or
operates 71 hospitals in 21 states. Shares
in Community Health Systems are traded on
the New York Stock Exchange under the symbol "CYH." Finalization
of the transaction is subject to state regulatory
approvals and customary closing conditions
and is expected to be completed by the end
of the year.
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