Community Health Systems 2015 Annual Report Download - page 15

referred to in this report as the HMA merger. Additional details regarding the HMA merger are set forth in the
Executive Summary section of “Management’s Discussion and Analysis of Financial Condition and Results of
Operations.”
Throughout this Form 10-K, we refer to Community Health Systems, Inc., or the Parent Company, and its
consolidated subsidiaries in a simplified manner and on a collective basis, using words like “we,” “our,” “us” and
the “Company.” This drafting style is suggested by the Securities and Exchange Commission, or SEC, and is not
meant to indicate that the publicly-traded Parent Company or any particular subsidiary of the Parent Company
owns or operates any asset, business or property. The hospitals, operations and businesses described in this filing
are owned and operated, and management services provided, by distinct and indirect subsidiaries of Community
Health Systems, Inc.
On August 3, 2015, we announced a plan to spin off 38 hospitals and Quorum Health Resources into Quorum
Health Corporation, or QHC, an independent, publicly-traded corporation. The transaction, which would be
effected through the distribution of QHC common stock to the Company’s shareholders, is intended to be tax free
to the Company and its shareholders, and is expected to close in the first half of 2016. The completion of the
spin-off is subject to, among other requirements, the effectiveness of QHC’s registration statement on Form 10,
requisite regulatory approvals, execution of operational transition agreements, the receipt of opinions of tax, legal
and valuation advisors (including as to the tax-free nature of the transaction), market conditions and final Board
approval. QHC filed an Amendment No. 3 to Form 10 on December 4, 2015 (the Form 10 has not yet become
effective), which filing contains information regarding the contemplated spin-off and the anticipated business of
QHC. The Form 10 is available on the SEC’s website but is not incorporated by reference into this Form 10-K.
There can be no assurance regarding the ultimate timing of the spin-off, or that it will be completed.
Available Information
Our website address is www.chs.net and the investor relations section of our website is located at
www.chs.net/investor-relations. We make available free of charge, through the investor relations section of our
website, annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K as well
as amendments to those reports, as soon as reasonably practical after they are filed with, or furnished to, the SEC.
Our filings are also available to the public at the website maintained by the SEC, www.sec.gov.
We also make available free of charge, through the investor relations section of our website, our Governance
Principles, our Code of Conduct and the charters of our Audit and Compliance Committee, Compensation
Committee and Governance and Nominating Committee.
We have included the Chief Executive Officer and the Chief Financial Officer certifications regarding the
public disclosure required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 as Exhibits 31.1, 31.2,
32.1 and 32.2 to this Form 10-K.
Our Business Strategy
Our objective is to increase shareholder value by providing high-quality patient care using cost effective and
efficient operations while pursuing selective growth opportunities. The key elements of our business strategy to
achieve this objective are to:
• expand and strengthen regional networks,
• increase revenue at our facilities,
• improve profitability,
• improve patient safety and quality of care, and
• grow through selective acquisitions.
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