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CHS Investor Contact : COMMUNITY HEALTH SYSTEMS , INC . Kevin Hammons President and Chief Financial Officer ( 615 ) 465-7000 COMMUNITY HEALTH SYSTEMS , INC . ANNOUNCES FIRST QUARTER 2021 RESULTS Exhibit Number 99.1 FRANKLIN , Tenn . ( April 28 , 2021 ) – Community Health Systems , Inc. ( NYSE : CYH ) ( the “ Company ” ) today announced financial and operating results for the three months ended March 31 , 2021 . The following highlights the financial and operating results for the three months ended March 31 , 2021 . • • Net operating revenues totaled $ 3.013 billion . Net loss attributable to Community Health Systems , Inc. common stockholders was $ ( 64 ) million , or $ ( 0.51 ) per share ( diluted ) , compared with net income of $ 18 million , or $ 0.15 per share ( diluted ) , for the same period in 2020. Excluding the adjusting items as presented in the table in footnote ( e ) on page 14 , net income attributable to Community Health Systems , Inc. common stockholders was $ 0.36 per share ( diluted ) , compared to net loss of $ ( 1.59 ) per share ( diluted ) for the same period in 2020 . Adjusted EBITDA was $ 495 million , including $ 82 million of pandemic relief funds , compared with $ 309 million for the same period in 2020 . Net cash provided by operating activities was $ 101 million , which included repayments of Medicare accelerated payments in the amount of approximately $ 18 million . Net cash provided by operating activities was $ 57 million for the same period in 2020 . On a same - store basis , admissions decreased 4.9 percent and adjusted admissions decreased 7.2 percent , compared with the same period in 2020 . Net operating revenues for the three months ended March 31 , 2021 , totaled $ 3.013 billion , a 0.4 percent decrease compared with $ 3.025 billion for the same period in 2020 . Net loss attributable to Community Health Systems , Inc. common stockholders was $ ( 64 ) million , or $ ( 0.51 ) per share ( diluted ) , for the three months ended March 31 , 2021 , compared with net income of $ 18 million , or $ 0.15 per share ( diluted ) , for the same period in 2020. Excluding the adjusting items as presented in the table in footnote ( e ) on page 14 , net income attributable to Community Health Systems , Inc. common stockholders was $ 0.36 per share ( diluted ) for the three months ended March 31 , 2021 , compared to net loss of $ ( 1.59 ) per share ( diluted ) for the same period in 2020. Payments received by the Company through the Public Health and Social Services Emergency Fund ( the " PHSSEF " ) and state and local pandemic relief programs , as more specifically described below , had a positive impact on net income attributable to Community Health Systems , Inc. common stockholders ( both on a consolidated and adjusted basis ) of approximately $ 62 million , or $ 0.54 on a per share ( diluted ) basis , for the three months ended March 31 , 2021. Weighted - average shares outstanding ( diluted ) were 126 million and 114 million for the three months ended March 31 , 2021 and 2020 , respectively . Adjusted EBITDA for the three months ended March 31 , 2021 , was $ 495 million compared with $ 309 million for the same period in 2020 . Payments received by the Company through the PHSSEF and state and local pandemic relief programs had a positive impact on Adjusted EBITDA of approximately $ 82 million for the three months ended March 31 , 2021 . -MORE-