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000 CHS Investor Contact : COMMUNITY HEALTH SYSTEMS , INC . Kevin Hammons President and Chief Financial Officer ( 615 ) 465-7000 COMMUNITY HEALTH SYSTEMS , INC . ANNOUNCES THIRD QUARTER 2021 RESULTS Exhibit Number 99.1 FRANKLIN , Tenn . ( October 27 , 2021 ) - Community Health Systems , Inc. ( NYSE : CYH ) ( the " Company " ) today announced financial and operating results for the three and nine months ended September 30 , 2021 . The following highlights the financial and operating results for the three months ended September 30 , 2021 . • Net operating revenues totaled $ 3.115 billion . • • Net income attributable to Community Health Systems , Inc. common stockholders was $ 111 million , or $ 0.85 per share ( diluted ) , compared with $ 112 million , or $ 0.97 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 $ 0.69 per share ( diluted ) , compared to $ 0.18 per share ( diluted ) for the same period in 2020 . Adjusted EBITDA was $ 482 million . Net cash provided by operating activities was $ 121 million , which included repayments of Medicare accelerated payments in the amount of approximately $ 133 million . Net cash provided by operating activities was $ 393 million for the same period in 2020 . On a same - store basis , admissions increased 2.8 percent and adjusted admissions increased 4.7 percent , compared with the same period in 2020 . Net operating revenues for the three months ended September 30 , 2021 , totaled $ 3.115 billion , a 0.4 percent decrease compared with $ 3.126 billion for the same period in 2020 . Net income attributable to Community Health Systems , Inc. common stockholders was $ 111 million , or $ 0.85 per share ( diluted ) , for the three months ended September 30 , 2021 , compared with $ 112 million , or $ 0.97 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 $ 0.69 per share ( diluted ) for the three months ended September 30 , 2021 , compared to $ 0.18 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 ” or “ Provider Relief Fund " ) and state and local pandemic relief programs , collectively referred to as " pandemic relief funds , " and 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 $ 14 million , or $ 0.11 on a per share ( diluted ) basis , for the three months ended September 30 , 2021. No pandemic relief funds were recognized for the three months ended September 30 , 2020. Weighted - average shares outstanding ( diluted ) were 131 million and 116 million for the three months ended September 30 , 2021 and 2020 , respectively . Adjusted EBITDA for the three months ended September 30 , 2021 , was $ 482 million compared with $ 431 million for the same period in 2020 . Pandemic relief funds had a positive impact on Adjusted EBITDA of approximately $ 19 million for the three months ended September 30 , 2021. No pandemic relief funds were recognized for the three months ended September 30 , 2020 . -MORE-