Our acquisition process has been very robust this year. We've acquired 4 facilities with trailing revenue over $550 million. Our acquisition of assets in Memorial Hospital in York, Pennsylvania was completed on July 1, 2012. The assets include 110 bed hospital as other, as well as other outpatient ancillary services.The price for the fixed assets was $45 million or 40% of trailing revenue of $115 million. The hospital's trading margin is below single digits. While we've agreed to replace a placement hospital, it will not start construction for several years, and this is our 17th hospital in Pennsylvania.
Community Health Systems Management Discusses Q2 2012 Results - Earnings Call Transcript
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