New York, August 04, 2015 -- Moody's Investors Service commented that the announcement that Community Health Systems, Inc. plans to spin off a group of hospitals and other businesses into a new, publicly traded company is credit positive. The transaction will let Community focus on continued development of regional provider networks in faster growing urban markets. The transaction will also likely result in material debt repayment. However, leverage will not significantly decline given the amount of EBITDA that will be spun off. Therefore, there is no change to Community's ratings, including the B1 Corporate Family Rating at CHS/Community Health Systems, Inc., or the stable outlook.

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