6.16 0.00 (0.00%)
After hours: 4:01PM EST
|Bid||6.16 x 1200|
|Ask||6.17 x 3000|
|Day's Range||6.04 - 6.24|
|52 Week Range||3.85 - 10.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
How Is Community Health Systems Positioned in 2018? In 3Q17, the net revenues of Community Health Systems (CYH) were $3.6 billion compared with $4.3 billion in 3Q16. For fiscal 2017, the company is expected to report revenues of $15.8 billion, while peers Cigna (CI), United Health Group (UNH), and Universal Health Services (UHS) are expected to report revenues of $44.2 billion, $224.5 million, and $10.9 billion, respectively, for fiscal 2018.
How Is Community Health Systems Positioned in 2018? Community Health Systems (CYH) is one of the largest publicly traded hospital companies in the US. The company operates general acute care hospitals and outpatient facilities across the country.
Given that Community Health (CYH) has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
Community Health Systems, the parent of Bayfront Health, has named Joseph “Joe” Mullany as regional president and CEO of the regional health care network. In the newly created position, Mullany will lead the strategic development of the network and provide management support to Bayfront Health hospitals. Bayfront Health includes seven hospitals, the largest of which is Bayfront Health St. Petersburg, as well as 70 clinics and more than 6,000 medical professionals, in a region that stretches more than 150 miles along the Interstate 75 corridor.
Hospital system mergers jumped 13% in 2017 to an unprecedented 115 transactions, consulting firm Kaufman, Hall & Associates said.
Community Health Systems’ bonds got a lift this week from news that the company continues to work on refinancing bonds, according to bondholders.
If Community Health Systems Inc. CEO Wayne Smith had a do-over, he wouldn’t enter into the deal that has saddled the company with debt — sort of. Based on a retro view of it, I wouldn't do the deal,” Smith responded, Axios reports . There are signs of investor support for CHS and Smith, who has faced calls to resign from investors in the past.
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The St. Petersburg City Council said no to a plan by a nonprofit foundation to sell its 20 percent stake in Bayfront Health St. Petersburg for $26.5 million. The 5-to-3 vote followed a more than two-hour emotional debate late Thursday in which some city council members voiced distrust of the financially troubled publicly held company that currently has a majority stake in the hospital. Officials with Bayfront and the Foundation for a Healthy St. Petersburg, along with about a dozen city residents, spoke in favor of the proposed sale, saying it would provide funding for better preventative care throughout the city.
Unprecedented mergers of large Catholic hospital operators is pressuring investor-owned companies like HCA Holdings, Tenet Healthcare and Community Health Systems.