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CHS Revises Credit Agreement for Acquisition Flexibility

Franklin, Tenn.-based Community Health Systems has received permission from its lenders for an amendment to an existing credit agreement that was made in July 2007.

Effective today, CHS will now have "increased flexibility" to make investments, dole out restricted payments and incur debt related to acquisitions under the credit facility.

In July, CHS finalized its acquisition of York, Pa.-based Memorial Health Systems. CHS also bought MetroSouth Medical Center in Blue Island, Ill., in March.

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