In August 2010, an affiliate of Community Health Systems, Inc. emerged from a bankruptcy auction with a successful bid of $120 million, plus the assumption of certain Forum Health liabilities, in exchange for Forum Health's assets. Prior to completing the transaction, the sale was approved by U.S. Bankruptcy Court and the Ohio Attorney General. "We see considerable opportunities for these hospitals as we bring forth our management experience and resources to help stabilize their operations and fully develop their potential," said Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc.