CHS/Community Health Systems, Inc. -- Moody's places Community's ratings on review for downgrade

New York, July 30, 2013 -- Moody's Investors Service placed the ratings of CHS/Community Health Systems, Inc. (Community) under review for downgrade, including the company's B1 Corporate Family Rating and B1-PD Probability of Default Rating. The rating action follows the announcement that Community has signed a definitive agreement to acquire Health Management Associates, Inc. (B1 stable) in a transaction valued at $7.6 billion, including the assumption of about $3.7 billion of HMA's debt, with a combination of cash and stock. Moody's understands that the transaction is expected to close in the first quarter in 2014 and remains subject to regulatory approval and HMA shareholder approval.

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