Community Health buys rest of joint venture stake

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By AP
30 June 2008 @ 05:25 pm EST

FRANKLIN, Tenn. - Hospital operator Community Health Systems Inc. said Monday that a subsidiary has bought the remaining 35 percent interest in Affinity Health Systems LLC., which indirectly owns and operates Trinity Medical Center of Birmingham, Ala.

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CYH

24.87

-1.62

Financial terms were not disclosed.

The hospital has been operated as a joint venture between a Community Health affiliate as the 65 percent owner and Baptist Health System Inc. since 2005, the company said.

Shares closed down 42 cents at $32.98.

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Community Health buys rest of joint venture stake

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