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DCHS COMMUNITY HEALTH SYSTEMS , INC . Investor Contact : Kevin Hammons President and Chief Financial Officer ( 615 ) 465-7000 Exhibit Number 99.1 COMMUNITY HEALTH SYSTEMS , INC . ANNOUNCES SECOND QUARTER 2021 RESULTS FRANKLIN , Tenn . ( July 28 , 2021 ) - Community Health Systems , Inc. ( NYSE : CYH ) ( the " Company " ) today announced financial and operating results for the three and six months ended June 30 , 2021 . The following highlights the financial and operating results for the three months ended June 30 , 2021 . Net operating revenues totaled $ 3.007 billion . Net income attributable to Community Health Systems , Inc. common stockholders was $ 6 million , or $ 0.04 per share ( diluted ) , compared with net income of $ 70 million , or $ 0.61 per share ( diluted ) , for the same period in 2020 . Excluding the adjusting items as presented in the table in footnote ( e ) on page 17 , net income attributable to Community Health Systems , Inc. common stockholders was $ 0.23 per share ( diluted ) , compared to net income of $ 0.85 per share ( diluted ) for the same period in 2020 . Adjusted EBITDA was $ 453 million . Net cash provided by operating activities was $ 179 million , which included repayments of Medicare accelerated payments in the amount of approximately $ 116 million . Net cash provided by operating activities was $ 1.652 billion for the same period in 2020 , which included receipts of Medicare accelerated payments in the amount of approximately $ 1.158 billion . On a same - store basis , admissions increased 17.0 percent and adjusted admissions increased 28.5 percent , compared with the same period in 2020 . Net operating revenues for the three months ended June 30 , 2021 , totaled $ 3.007 billion , a 19.4 percent increase compared with $ 2.519 billion for the same period in 2020 . Net income attributable to Community Health Systems , Inc. common stockholders was $ 6 million , or $ 0.04 per share ( diluted ) , for the three months ended June 30 , 2021 , compared with $ 70 million , or $ 0.61 per share ( diluted ) , for the same period in 2020. Excluding the adjusting items as presented in the table in footnote ( e ) on page 17 , net income attributable to Community Health Systems , Inc. common stockholders was $ 0.23 ] per share ( diluted ) for the three months ended June 30 , 2021 , compared to $ 0.85 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 had a positive impact on net income attributable to Community Health Systems , Inc. common stockholders ( both on a consolidated and adjusted basis ) of approximately $ 333 million , or $ 2.89 on a per share ( diluted ) basis , for the three months ended June 30 , 2020. Weighted - average shares outstanding ( diluted ) were 131 million and 115 million for the three months ended June 30 , 2021 and 2020 , respectively . Adjusted EBITDA for the three months ended June 30 , 2021 , was $ 453 million compared with $ 454 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 $ 1 million and $ 448 million for the three months ended June 30 , 2021 and 2020 , respectively . -MORE-