Community Health Systems, Inc., has completed its previously announced acquisition of Health Management Associates, Inc. ( HMA ), a hospital operating company with 71 locations encompassing some 11,000 beds in 15 states.

“We are very pleased to complete this important strategic acquisition and welcome our newly affiliated hospitals and their physicians and employees to our organization,” says Chairman/CEO Wayne Smith. “This transaction provides us with increased scale and broader geographic reach as we work to create strong healthcare networks across the nation. Our larger organization is well positioned to address the changing dynamics in our industry and dedicated to providing quality care for millions of patients and all the communities we serve. We look forward to effectively integrating this acquisition and generating significant value for our shareholders.”

Through its affiliates, Community Health Systems now owns, leases or operates 206 hospitals in 29 states with more than 135,000 employees and approximately 27,000 physicians.