Community Health Systems to acquire majority ownership of La Porte and Knox, Indiana Hospitals

Wednesday, December 30, 2015

Community Health Systems, Inc. announced today that subsidiaries of the Company have executed a definitive agreement to acquire a majority ownership of 227-bed IU Health La Porte Hospital in La Porte and 50-bed IU Health Starke Hospital in northwestern Indiana. The subsidiaries will assume 80 percent ownership of the hospitals and Indiana University Health will have 20 percent.

Commenting on today’s announcement, Wayne T. Smith, chairman and chief executive officer of Community Health Systems, Inc., said, “We will support the work of these hospitals to improve the overall health of their communities by investing capital and expanding resources for physicians and employees to deliver high quality care. Economic development efforts in Northwest Indiana between Valparaiso and South Bend and a new relationship with IU Health make these hospitals strong additions to our network of facilities.”

With the addition of La Porte and Starke hospitals, Community Health Systems affiliates will operate 11 hospitals in Indiana.