|Bid||2.57 x 2900|
|Ask||3.30 x 34100|
|Day's Range||2.66 - 2.79|
|52 Week Range||2.66 - 9.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Obamacare costs are expected to rise as healthier people forgo coverage. Yahoo Finance's Seana Smith, Rick Newman and Dion Rabouin discuss.
Community Health Systems Inc. has a new offering that could help the company pay off more than $1 billion in outstanding debt. CHS announced Wednesday it will offer $1.03 billion of senior secured notes with the intent to use the proceeds to repay $1.01 billion of outstanding term loans and related expenses. A secured note is a type of loan that is backed by a borrower’s assets, while senior debt takes priority over other debt owed by the issuer.
Community Health Systems Inc (NYSE:CYH), a healthcare company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months,Read More...
Moody's Investors Service ("Moody's") assigned a B3 rating to the new first lien senior secured notes offering of CHS/Community Health Systems, Inc. (Community). Following is a summary of Moody's rating actions. Community's Caa2 Corporate Family Rating reflects Moody's expectation that the company will continue to operate with very high financial leverage of over 8.0x.
While insiders may sell their shareholdings for many reasons, such as personal needs for cash, they tend to buy more shares with one motive in mind – increase their exposureRead More...
Moody's Investors Service ("Moody's") today downgraded the ratings of CHS/Community Health Systems, Inc. (Community), including the Corporate Family Rating (CFR) to Caa2 from Caa1 and the Probability of Default Rating (PDR) to Caa2-PD/LD from Caa1-PD. Community, on 20 June 2018, announced the final results of its debt exchange, in which holders exchanged a portion of the unsecured notes due 2019, 2020 and 2022 for new junior lien notes due 2023 and 2024. Moody's considers this transaction to be a distressed exchange, which is a default under Moody's definition.
Holders of $2.85 billion in unsecured bonds due in 2019 and 2020 agreed to swap their debt for new junior-lien bonds due in 2023. The completion of the bond swap means Community Health has only one more hurdle to clear in its bid to extend the bulk of its debt maturities beyond 2020. Community Health, based in Franklin, Tenn., has $1.6 billion of loans that matures next year.
Community Health (CYH) recently closes the sale of 60-bed Byrd Regional Hospital and its associated assets besides the 85-bed Tennova Healthcare.
The developer says he has contracts or offers in-hand from office developers and retailers, not to mention interest from senior-housing developers and hoteliers.
Community Health (CYH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In a public letter, the developers teased one piece of their plans and declared the project a "fait accompli," even without Ikea.
Thomas Miller retired as CEO of Quorum Health Corp. on Monday, but he hasn’t seen his last paycheck from the Community Health Systems Inc. spinoff. In an SEC filing on Thursday, Quorum (NYSE: QHC) detailed Miller’s severance package and revealed that he will continue consulting for the company until 2020. Miller has been CEO of Quorum since 2015 when Franklin-based CHS (NYSE: CYH) announced plans to spin out 38 hospitals and its hospital management and consulting business to form a new publicly traded company.
Inc. said it failed to garner participation from enough bondholders to complete a distressed debt exchange that would push out the maturity of $3 billion in bonds due in 2019 and 2020 by four years. The struggling rural hospital chain, however, extended a deadline to tender into the debt exchange until 5 pm EST Thursday from 5 pm Tuesday. Community Health received tenders from 80% of the holders in two unsecured notes due in 2019 and 2020, falling short of the 90% threshold the company had set as a condition for completing the debt swap.
Thomas Miller has been CEO of Quorum Health Corp. since 2015 when Community Health Systems Inc. spun out 38 hospitals to form the new company.
Community Health Systems Inc (NYSE:CYH), a healthcare company based in United States, saw a significant share price rise of over 20% in the past couple of months on the NYSE.Read More...
On 4 May 2018, CHS/Community Health Systems, Inc. (Community) commenced an offer to exchange its existing 2019, 2020 and 2022 unsecured notes for junior-lien notes that have longer maturities as part of its refinancing plan. Moody's is likely to view this transaction -- if consummated as proposed -- as a distressed exchange, which is a default under Moody's definition. At the close of the transaction, Moody's will assess the rating implications on the instruments based on the final capital structure.
“One of the things we don’t want to miss here is that the quality of our portfolio is continuing to improve,” Smith said. “We actually think that we’re playing offense here and that we’ve got a lot of opportunities left in terms of our portfolio.”
The Franklin, Tenn.-based hospital operator has for months been expected to launch a debt swap to extend out the maturity on billions of dollars of debt due in 2019 and 2020. In recent months Community Health has disclosed a number of changes to its bank loan agreements that cleared the way for the swap of unsecured notes into secured notes. The hospital operator is offering to exchange up to $3.125 billion in unsecured bonds due in 2019 and 2020 for secured junior priority bonds due in 2023 and 2024.
Community Health's (CYH) Q1reflects expansion in transfer and access program, launch of Accountable Care Organizations, and investments in outpatient capabilities and service line. However, admissions declined.
The Franklin, Tennessee-based company said it had a loss of 22 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 13 cents per share. The results beat Wall Street ...