19. SUPPLEMENTAL CONDENSED CONSOLIDATING FINANCIAL INFORMATION

The Senior Notes, which are senior unsecured obligations of CHS, and the 5⅛% Senior Secured Notes are guaranteed on a senior basis by the Company and by certain of its existing and subsequently acquired or organized 100% owned domestic subsidiaries. The Senior Notes and the 5⅛% Senior Secured Notes are fully and unconditionally guaranteed on a joint and several basis, with exceptions considered customary for such guarantees, limited to the release of the guarantee when a subsidiary guarantor’s capital stock is sold, or a sale of all of the subsidiary guarantor’s assets used in operations. The following condensed consolidating financial statements present Community Health Systems, Inc. (as parent guarantor), CHS (as the issuer), the subsidiary guarantors, the subsidiary non-guarantors and eliminations. These condensed consolidating financial statements have been prepared and presented in accordance with SEC Regulation S-X Rule 3-10 “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.”

The accounting policies used in the preparation of this financial information are consistent with those elsewhere in the consolidated financial statements of the Company, except as noted below:

•Intercompany receivables and payables are presented gross in the supplemental condensed consolidating balance sheets.

•Cash flows from intercompany transactions are presented in cash flows from financing activities, as changes in intercompany balances with affiliates, net.

•Income tax expense is allocated from the parent guarantor to the income producing operations (other guarantors and non-guarantors) and the issuer through stockholders’ equity. As this approach represents an allocation, the income tax expense allocation is considered non-cash for statement of cash flow purposes.

•Interest expense, net has been presented to reflect net interest expense and interest income from outstanding long-term debt and intercompany balances.

The Company’s intercompany activity consists primarily of daily cash transfers for purposes of cash management, the allocation of certain expenses and expenditures paid for by the parent on behalf of its subsidiaries, and the push down of investment in its subsidiaries. This activity also includes the intercompany transactions between consolidated entities as part of the Receivables Facility that is further discussed in Note 6. The Company’s subsidiaries generally do not purchase services from one another; thus, the intercompany transactions do not represent revenue generating transactions. All intercompany transactions eliminate in consolidation.

From time to time, the Company sells and/or repurchases noncontrolling interests in consolidated subsidiaries, which may change subsidiaries between guarantors and non-guarantors. Amounts for prior periods are revised to reflect the status of guarantors or non-guarantors as of December 31, 2013.



Condensed Consolidating Statement of Income
Year Ended December 31, 2013

	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	(14,923)	$	9,639,380	$	5,453,617	$	-	$	15,078,074
Provision for bad debts		-		-		1,425,853		654,528		-		2,080,381
Net operating revenues		-		(14,923)		8,213,527		4,799,089		-		12,997,693
Operating costs and expenses:
Salaries and benefits		-		-		3,661,669		2,556,078		-		6,217,747
Supplies		-		-		1,299,607		694,509		-		1,994,116
Other operating expenses		-		240		1,869,417		1,010,700		-		2,880,357
Government settlement and related costs		-		-		101,500		-		-		101,500
Electronic health records incentive reimbursement		-		-		(107,345)		(58,532)		-		(165,877)
Rent		-		-		161,647		125,765		-		287,412
Depreciation and amortization		-		-		529,532		253,143		-		782,675
Total operating costs and expenses		-		240		7,516,027		4,581,663		-		12,097,930
Income from operations		-		(15,163)		697,500		217,426		-		899,763
Interest expense, net		-		(4,749)		556,691		63,205		-		615,147
Loss from early extinguishment of debt		-		1,295		-		-		-		1,295
Equity in earnings of unconsolidated affiliates		(141,203)		(138,906)		(85,859)		-		323,327		(42,641)
Impairment of long-lived assets		-		-		20,100		-		-		20,100
Income from continuing operations before income taxes		141,203		127,197		206,568		154,221		(323,327)		305,862
Provision for (benefit from) income taxes		-		(14,006)		74,437		28,163		-		88,594
Income from continuing operations		141,203		141,203		132,131		126,058		(323,327)		217,268
Discontinued operations, net of taxes:
Loss from operations of entities sold		-		-		-		-		-		-
Impairment of hospitals sold		-		-		-		-		-		-
Loss on sale, net		-		-		-		-		-		-
Loss from discontinued operations, net of taxes		-		-		-		-		-		-
Net income		141,203		141,203		132,131		126,058		(323,327)		217,268
Less: Net income attributable to noncontrolling interests		-		-		-		76,065		-		76,065
Net income attributable to Community Health Systems,
Inc. stockholders	$	141,203	$	141,203	$	132,131	$	49,993	$	(323,327)	$	141,203



Condensed Consolidating Statement of Income
Year Ended December 31, 2012

	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	(9,653)	$	9,579,838	$	5,417,994	$	-	$	14,988,179
Provision for bad debts		-		-		1,323,508		635,686		-		1,959,194
Net operating revenues		-		(9,653)		8,256,330		4,782,308		-		13,028,985
Operating costs and expenses:
Salaries and benefits		-		-		3,623,082		2,480,849		-		6,103,931
Supplies		-		-		1,297,714		675,777		-		1,973,491
Other operating expenses		-		603		1,873,782		995,401		-		2,869,786
Government settlement and related costs		-		-		-		-		-		-
Electronic health records incentive reimbursement		-		-		(79,936)		(46,798)		-		(126,734)
Rent		-		-		152,205		120,624		-		272,829
Depreciation and amortization		-		-		480,912		244,646		-		725,558
Total operating costs and expenses		-		603		7,347,759		4,470,499		-		11,818,861
Income from operations		-		(10,256)		908,571		311,809		-		1,210,124
Interest expense, net		-		58,726		505,270		58,937		-		622,933
Loss from early extinguishment of debt		-		115,453		-		-		-		115,453
Equity in earnings of unconsolidated affiliates		(265,640)		(348,878)		(150,606)		-		723,091		(42,033)
Impairment of long-lived assets		-		-		10,000		-		-		10,000
Income from continuing operations before income taxes		265,640		164,443		543,907		252,872		(723,091)		503,771
Provision for (benefit from) income taxes		-		(101,197)		196,351		62,348		-		157,502
Income from continuing operations		265,640		265,640		347,556		190,524		(723,091)		346,269
Discontinued operations, net of taxes:
Loss from operations of entities sold		-		-		-		(466)		-		(466)
Impairment of hospitals sold		-		-		-		-		-		-
Loss on sale, net		-		-		-		-		-		-
Loss from discontinued operations, net of taxes		-		-		-		(466)		-		(466)
Net income		265,640		265,640		347,556		190,058		(723,091)		345,803
Less: Net income attributable to noncontrolling interests		-		-		-		80,163		-		80,163
Net income attributable to Community Health Systems,
Inc. stockholders	$	265,640	$	265,640	$	347,556	$	109,895	$	(723,091)	$	265,640



Condensed Consolidating Statement of Income
Year Ended December 31, 2011

	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
	(In thousands)
Operating revenues (net of contractual
allowances and discounts)	$	-	$	-	$	8,625,818	$	5,000,350	$	-	$	13,626,168
Provision for bad debts		-		-		1,137,662		582,294		-		1,719,956
Net operating revenues		-		-		7,488,156		4,418,056		-		11,906,212
Operating costs and expenses:
Salaries and benefits		-		-		3,284,123		2,293,802		-		5,577,925
Supplies		-		-		1,183,817		650,289		-		1,834,106
Other operating expenses		-		-		1,634,806		880,832		-		2,515,638
Government settlement and related costs		-		-		-		-		-		-
Electronic health records incentive reimbursement		-		-		(43,959)		(19,438)		-		(63,397)
Rent		-		-		138,229		116,552		-		254,781
Depreciation and amortization		-		-		420,824		231,850		-		652,674
Total operating costs and expenses		-		-		6,617,840		4,153,887		-		10,771,727
Income from operations		-		-		870,316		264,169		-		1,134,485
Interest expense, net		-		87,095		495,888		61,427		-		644,410
Loss from early extinguishment of debt		-		66,019		-		-		-		66,019
Equity in earnings of unconsolidated affiliates		(201,948)		(287,903)		(65,846)		-		506,206		(49,491)
Impairment of long-lived assets		-		-		-		-		-		-
Income from continuing operations before income taxes		201,948		134,789		440,274		202,742		(506,206)		473,547
Provision for (benefit from) income taxes		-		(67,159)		158,939		45,873		-		137,653
Income from continuing operations		201,948		201,948		281,335		156,869		(506,206)		335,894
Discontinued operations, net of taxes:
Loss from operations of entities sold		-		-		-		(7,769)		-		(7,769)
Impairment of hospitals sold		-		-		-		(47,930)		-		(47,930)
Loss on sale, net		-		-		-		(2,572)		-		(2,572)
Loss from discontinued operations, net of taxes		-		-		-		(58,271)		-		(58,271)
Net income		201,948		201,948		281,335		98,598		(506,206)		277,623
Less: Net income attributable to noncontrolling interests		-		-		-		75,675		-		75,675
Net income attributable to Community Health Systems,
Inc. stockholders	$	201,948	$	201,948	$	281,335	$	22,923	$	(506,206)	$	201,948



Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2013

	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In thousands)
Net income	$	141,203	$	141,203	$	132,131	$	126,058	$	(323,327)	$	217,268
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		60,304		60,304		-		-		(60,304)		60,304
Net change in fair value of available-for-sale securities, net
of tax		2,181		2,181		2,181		-		(4,362)		2,181
Amortization and recognition of unrecognized pension
cost components, net of tax		15,320		15,320		15,320		-		(30,640)		15,320
Other comprehensive income (loss)		77,805		77,805		17,501		-		(95,306)		77,805
Comprehensive income		219,008		219,008		149,632		126,058		(418,633)		295,073
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		76,065		-		76,065
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	219,008	$	219,008	$	149,632	$	49,993	$	(418,633)	$	219,008



Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2012

	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In thousands)
Net income	$	265,640	$	265,640	$	347,556	$	190,058	$	(723,091)	$	345,803
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		46,409		46,409		-		-		(46,409)		46,409
Net change in fair value of available-for-sale securities, net
of tax		3,012		3,012		3,012		-		(6,024)		3,012
Amortization and recognition of unrecognized pension
cost components, net of tax		(10,252)		(10,252)		(10,252)		-		20,504		(10,252)
Other comprehensive income (loss)		39,169		39,169		(7,240)		-		(31,929)		39,169
Comprehensive income		304,809		304,809		340,316		190,058		(755,020)		384,972
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		80,163		-		80,163
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	304,809	$	304,809	$	340,316	$	109,895	$	(755,020)	$	304,809



Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2011

	Parent Guarantor		Issuer		Other Guarantors		Non - Guarantors		Eliminations		Consolidated
		(In thousands)
Net income	$	201,948	$	201,948	$	281,335	$	98,598	$	(506,206)	$	277,623
Other comprehensive income (loss), net of income taxes:
Net change in fair value of interest rate swaps, net of tax		55,145		55,145		-		-		(55,145)		55,145
Net change in fair value of available-for-sale securities, net
of tax		(960)		(960)		(960)		-		1,920		(960)
Amortization and recognition of unrecognized pension
cost components, net of tax		(7,737)		(7,737)		(7,737)		-		15,474		(7,737)
Other comprehensive income (loss)		46,448		46,448		(8,697)		-		(37,751)		46,448
Comprehensive income		248,396		248,396		272,638		98,598		(543,957)		324,071
Less: Comprehensive income attributable to
noncontrolling interests		-		-		-		75,675		-		75,675
Comprehensive income attributable to Community
Health Systems, Inc. stockholders	$	248,396	$	248,396	$	272,638	$	22,923	$	(543,957)	$	248,396



Condensed Consolidating Balance Sheet
December 31, 2013
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	238,336	$	135,067	$	-	$	373,403
Patient accounts receivable, net of allowance								-
for doubtful accounts		-		-		885,091		1,468,217		-		2,353,308
Supplies		-		-		260,432		116,573		-		377,005
Prepaid income taxes		107,077		-		-		-		-		107,077
Deferred income taxes		101,372		-		-		-		-		101,372
Prepaid expenses and taxes		-		112		98,854		29,510		-		128,476
Other current assets		-		-		239,462		67,860		-		307,322
Total current assets		208,449		112		1,722,175		1,817,227		-		3,747,963
Intercompany receivable		579,793		9,540,603		4,529,246		3,811,213		(18,460,855)		-
Property and equipment, net		-		-		4,711,947		2,402,516		-		7,114,463
Goodwill		-		-		2,549,724		1,894,411		-		4,444,135
Other assets, net		-		144,148		1,381,113		816,846		(531,373)		1,810,734
Net investment in subsidiaries		3,193,971		9,335,210		4,029,631		-		(16,558,812)		-
Total assets	$	3,982,213	$	19,020,073	$	18,923,836	$	10,742,213	$	(35,551,040)	$	17,117,295

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	152,050	$	12,467	$	2,385	$	-	$	166,902
Accounts payable		-		19		740,628		217,946		-		958,593
Deferred income taxes		3,183		-		-		-		-		3,183
Accrued interest		-		111,330		124		437		-		111,891
Accrued liabilities		4,178		-		864,261		348,475		-		1,216,914
Total current liabilities		7,361		263,399		1,617,480		569,243		-		2,457,483
Long-term debt		-		8,718,379		50,862		517,254		-		9,286,495
Intercompany payable		-		6,225,192		13,059,088		8,264,666		(27,548,946)		-
Deferred income taxes		906,101		-		-		-		-		906,101
Other long-term liabilities		924		619,135		671,193		217,457		(531,373)		977,336
Total liabilities		914,386		15,826,105		15,398,623		9,568,620		(28,080,319)		13,627,415
Redeemable noncontrolling interests in
equity of consolidated subsidiaries		-		-		-		358,410		-		358,410
Equity:
Community Health Systems, Inc. stockholders’
equity:
Preferred stock		-		-		-		-		-		-
Common stock		960		-		1		2		(3)		960
Additional paid-in capital		1,255,855		1,175,265		1,274,420		594,989		(3,044,674)		1,255,855
Treasury stock, at cost		(6,678)		-		-		-		-		(6,678)
Accumulated other comprehensive (loss)
income		(67,505)		(67,505)		(11,425)		-		78,930		(67,505)
Retained earnings		1,885,195		2,086,208		2,262,217		156,549		(4,504,974)		1,885,195
Total Community Health Systems, Inc.
stockholders’ equity		3,067,827		3,193,968		3,525,213		751,540		(7,470,721)		3,067,827
Noncontrolling interests in equity of
consolidated subsidiaries		-		-		-		63,643		-		63,643
Total equity		3,067,827		3,193,968		3,525,213		815,183		(7,470,721)		3,131,470
Total liabilities and equity	$	3,982,213	$	19,020,073	$	18,923,836	$	10,742,213	$	(35,551,040)	$	17,117,295



Condensed Consolidating Balance Sheet
December 31, 2012
	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-	$	271,559	$	116,254	$	-	$	387,813
Patient accounts receivable, net of allowance
for doubtful accounts		-		-		676,649		1,390,730		-		2,067,379
Supplies		-		-		254,853		113,319		-		368,172
Prepaid income taxes		49,888		-		-		-		-		49,888
Deferred income taxes		117,045		-		-		-		-		117,045
Prepaid expenses and taxes		-		115		86,628		39,818		-		126,561
Other current assets		-		-		222,424		79,860		-		302,284
Total current assets		166,933		115		1,512,113		1,739,981		-		3,419,142
Intercompany receivable		406,534		9,837,904		3,723,120		3,262,823		(17,230,381)		-
Property and equipment, net		-		-		4,660,557		2,491,316		-		7,151,873
Goodwill		-		-		2,544,195		1,863,943		-		4,408,138
Other assets, net		-		165,236		1,273,347		816,373		(627,774)		1,627,182
Net investment in subsidiaries		2,974,965		8,686,242		3,427,182		-		(15,088,389)		-
Total assets	$	3,548,432	$	18,689,497	$	17,140,514	$	10,174,436	$	(32,946,544)	$	16,606,335

LIABILITIES AND EQUITY
Current liabilities:
Current maturities of long-term debt	$	-	$	75,679	$	11,103	$	3,129	$	-	$	89,911
Accounts payable		-		74		583,865		241,975		-		825,914
Accrued interest		-		110,091		295		316		-		110,702
Accrued liabilities		7,580		-		748,010		361,103		-		1,116,693
Total current liabilities		7,580		185,844		1,343,273		606,523		-		2,143,220
Long-term debt		-		9,079,392		53,201		318,801		-		9,451,394
Intercompany payable		-		5,639,928		11,693,119		7,822,313		(25,155,360)		-
Deferred income taxes		808,489		-		-		-		-		808,489
Other long-term liabilities		1,156		809,372		675,341		180,950		(627,774)		1,039,045
Total liabilities		817,225		15,714,536		13,764,934		8,928,587		(25,783,134)		13,442,148
Redeemable noncontrolling interests in
equity of consolidated subsidiaries		-		-		-		367,666		-		367,666
Equity:
Community Health Systems, Inc. stockholders’
equity:
Preferred stock		-		-		-		-		-		-
Common stock		929		-		1		2		(3)		929
Additional paid-in capital		1,138,274		1,176,342		1,283,499		690,929		(3,150,770)		1,138,274
Treasury stock, at cost		(6,678)		-		-		-		-		(6,678)
Accumulated other comprehensive (loss)
income		(145,310)		(145,310)		(28,927)		-		174,237		(145,310)
Retained earnings		1,743,992		1,943,929		2,121,007		121,938		(4,186,874)		1,743,992
Total Community Health Systems, Inc.
stockholders’ equity		2,731,207		2,974,961		3,375,580		812,869		(7,163,410)		2,731,207
Noncontrolling interests in equity of
consolidated subsidiaries		-		-		-		65,314		-		65,314
Total equity		2,731,207		2,974,961		3,375,580		878,183		(7,163,410)		2,796,521
Total liabilities and equity	$	3,548,432	$	18,689,497	$	17,140,514	$	10,174,436	$	(32,946,544)	$	16,606,335



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013

	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating
activities	$	(78,754)	$	21,281	$	871,489	$	274,703	$	-	$	1,088,719

Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(11,894)		(31,849)		-		(43,743)
Purchases of property and equipment		-		-		(491,863)		(122,129)		-		(613,992)
Proceeds from sale of property and equipment		-		-		3,540		2,869		-		6,409
Increase in other investments		-		-		(275,149)		(64,793)		-		(339,942)
Net cash used in investing activities		-		-		(775,366)		(215,902)		-		(991,268)

Cash flows from financing activities:
Proceeds from exercise of stock options		110,660		-		-		-		-		110,660
Repurchase of restricted stock shares for payroll
tax withholding requirements		(14,896)		-		-		-		-		(14,896)
Stock buy-back		(27,133)		-		-		-		-		(27,133)
Deferred financing costs		-		(13,199)		-		-		-		(13,199)
Excess tax benefit relating to
stock-based compensation		6,715		-		-		-		-		6,715
Payment of special dividend to stockholders		-		-		-		-		-		-
Proceeds from noncontrolling investors in joint
ventures		-		-		-		289		-		289
Redemption of noncontrolling investments in joint
ventures		-		-		-		(9,304)		-		(9,304)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(75,583)		-		(75,583)
Changes in intercompany balances with
affiliates, net		3,408		274,075		(124,384)		(153,099)		-		-
Borrowings under credit agreements		-		1,170,000		23,710		865		-		1,194,575
Issuance of long-term debt		-		-		-		-		-		-
Proceeds from receivables facility		-		-		-		338,000		-		338,000
Repayments of long-term indebtedness		-		(1,452,157)		(28,672)		(141,156)		-		(1,621,985)
Net cash provided by (used in) financing
activities		78,754		(21,281)		(129,346)		(39,988)		-		(111,861)
Net change in cash and cash equivalents		-		-		(33,223)		18,813		-		(14,410)
Cash and cash equivalents at beginning of period		-		-		271,559		116,254		-		387,813
Cash and cash equivalents at end of period	$	-	$	-	$	238,336	$	135,067	$	-	$	373,403



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012

	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating
activities	$	(55,122)	$	(71,683)	$	1,156,708	$	250,217	$	-	$	1,280,120

Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(309,731)		(12,584)		-		(322,315)
Purchases of property and equipment		-		-		(540,816)		(227,974)		-		(768,790)
Proceeds from sale of property and equipment		-		-		2,756		3,141		-		5,897
Increase in other investments		-		10,000		(231,326)		(76,668)		-		(297,994)
Net cash used in investing activities		-		10,000		(1,079,117)		(314,085)		-		(1,383,202)

Cash flows from financing activities:
Proceeds from exercise of stock options		20,858		-		-		-		-		20,858
Repurchase of restricted stock shares for payroll
tax withholding requirements		(9,314)		-		-		-		-		(9,314)
Stock buy-back		-		-		-		-		-		-
Deferred financing costs		-		(141,219)		-		-		-		(141,219)
Excess tax benefit relating to
stock-based compensation		3,973		-		-		-		-		3,973
Payment of special dividend to stockholders		(22,535)		-		-		-		-		(22,535)
Proceeds from noncontrolling investors in joint
ventures		-		-		-		535		-		535
Redemption of noncontrolling investments in joint
ventures		-		-		-		(44,287)		-		(44,287)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(68,344)		-		(68,344)
Changes in intercompany balances with
affiliates, net		62,140		(124,560)		189,076		(126,656)		-		-
Borrowings under credit agreements		-		3,955,000		20,866		-		-		3,975,866
Issuance of long-term debt		-		3,825,000		-		-		-		3,825,000
Proceeds from receivables facility		-		-		-		350,000		-		350,000
Repayments of long-term indebtedness		-		(7,452,538)		(24,894)		(52,071)		-		(7,529,503)
Net cash provided by (used in) financing
activities		55,122		61,683		185,048		59,177		-		361,030
Net change in cash and cash equivalents		-		-		262,639		(4,691)		-		257,948
Cash and cash equivalents at beginning of period		-		-		8,920		120,945		-		129,865
Cash and cash equivalents at end of period	$	-	$	-	$	271,559	$	116,254	$	-	$	387,813



Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011

	Parent				Other		Non -
	Guarantor		Issuer		Guarantors		Guarantors		Eliminations		Consolidated
	(In thousands)
Net cash (used in) provided by operating
activities	$	(41,780)	$	(111,001)	$	918,947	$	495,742	$	-	$	1,261,908

Cash flows from investing activities:
Acquisitions of facilities and other related
equipment		-		-		(370,243)		(45,117)		-		(415,360)
Purchases of property and equipment		-		-		(440,754)		(335,959)		-		(776,713)
Proceeds from disposition of hospitals and other
ancillary operations		-		-		-		173,387		-		173,387
Proceeds from sale of property and equipment		-		-		2,283		8,877		-		11,160
Increase in other investments		-		(10,000)		(129,852)		(48,397)		-		(188,249)
Net cash used in investing activities		-		(10,000)		(938,566)		(247,209)		-		(1,195,775)

Cash flows from financing activities:
Proceeds from exercise of stock options		18,910		-		-		-		-		18,910
Repurchase of restricted stock shares for payroll
tax withholding requirements		(13,311)		-		-		-		-		(13,311)
Stock buy-back		(85,790)		-		-		-		-		(85,790)
Deferred financing costs		-		(19,352)		-		-		-		(19,352)
Excess tax benefit relating to
stock-based compensation		5,290		-		-		-		-		5,290
Payment of special dividend to stockholders		-		-		-		-		-		-
Proceeds from noncontrolling investors in joint
ventures		-		-		-		1,229		-		1,229
Redemption of noncontrolling investments in joint
ventures		-		-		-		(13,022)		-		(13,022)
Distributions to noncontrolling investors in joint
ventures		-		-		-		(56,094)		-		(56,094)
Changes in intercompany balances with
affiliates, net		116,681		209,056		(175,332)		(150,405)		-		-
Borrowings under credit agreements		-		560,000		18,236		2,145		(2,145)		578,236
Issuance of long-term debt		-		1,000,000		-		-		-		1,000,000
Proceeds from receivables facility		-		-		-		-		-		-
Repayments of long-term indebtedness		-		(1,628,703)		(23,200)		(1,775)		2,145		(1,651,533)
Net cash provided by (used in) financing
activities		41,780		121,001		(180,296)		(217,922)		-		(235,437)
Net change in cash and cash equivalents		-		-		(199,915)		30,611		-		(169,304)
Cash and cash equivalents at beginning of period		-		-		208,835		90,334		-		299,169
Cash and cash equivalents at end of period	$	-	$	-	$	8,920	$	120,945	$	-	$	129,865