|Bid||3.25 x 900|
|Ask||3.40 x 900|
|Day's Range||3.25 - 3.40|
|52 Week Range||2.66 - 7.89|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.73|
Princeton Baptist Medical Center has named Mike Neuendorf as its new CEO. Neuendorf joins the Brookwood Baptist Health System hospital – a joint venture involving Tenet Healthcare Corp. (NYSE: THC) – from Community Health Systems (NYSE: CHS), having served as CEO of Merit Health Wesley Hospital in Hattiesburg, Mississippi, for the past eight years. He has been in the health care industry for more than 20 years, serving in several leadership and consulting roles. Neuendorf has served as a member of the Georgia and Alabama National Guard for over a decade.
Franklin-based Community Health Systems Inc. sold the three facilities and a Florida hospital to Curae Health Inc. in September 2016.
Then: In a letter to John Fry, Community Health Systems Inc.’s board chairman of the nominating and corporate governance committee, activist investor ASL Strategic Value Fund called for CEO Wayne Smith to be ousted from the company, saying management missteps had “resulted in billions of dollars of shareholder losses.” The letter came after years of significant struggles by CHS, primarily caused by its massive 2014 acquisition of Florida-based Health Management Associates. The company’s stock price was trading below $8 at the time, down more than 80 percent from two years earlier. Now: Smith remains CEO of the embattled company and received a vote of confidence from CHS’ top investor, Chinese investment firm Shanda Group, in January.
Community Health Systems, Inc. (CYH) today announced that management will participate in the Baird 2018 Global Healthcare Conference to be held September 5-6, 2018, at The InterContinental New York Barclay in New York. The investor presentation will begin at 12:15 p.m. Eastern time, 11:15 a.m. Central time, on Thursday, September 6, 2018, and will be available to investors via a live audio webcast. Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country.
Community Health Systems, Inc. (CYH) today announced that management will participate in the Wells Fargo Securities 2018 Healthcare Conference to be held September 5-6, 2018, at The Westin Copley Place in Boston, Massachusetts. The investor presentation will begin at 1:15 p.m. Eastern time, 12:15 p.m. Central time, on Wednesday, September 5, 2018, and will be available to investors via a live audio webcast. Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country.
U.S. Sen. Lamar Alexander, chairman of the Senate’s Health, Education, Labor and Pensions Committee, also made Modern Healthcare's list of the most influential people in health care.
Franklin-based Community Health Systems Inc. is under investigation in connection to a federal law meant to encourage the use of electronic health records.
Community Health Systems, Inc. (CYH) announced today that an affiliate of the Company has completed the sale of substantially all of the associated assets of 425-bed Munroe Regional Medical Center in Ocala, Florida, to Florida Hospital Ocala, Inc., a subsidiary of Adventist Health System Sunbelt Healthcare Corporation. As part of the transaction, Florida Hospital has assumed the long-term lease and operations of Munroe Regional Medical Center. The effective date of the transaction is August 1, 2018.
NEW YORK, July 31, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Community ...
NEW YORK, July 30, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Alphabet ...
During Community Health Systems’ earnings call Friday, CEO Wayne Smith said he is pleased with the progress the company made in the second quarter. The sale of low-performing hospitals, combined with former Health Management Associates hospitals becoming better integrated into CHS’ system, have the company on a more stable track, Smith said. The company has struggled following its $7.6 billion purchase of Florida-based Health Management Associates in 2014, which has required CHS to sell more than 40 hospitals to pay off debt.
On a per-share basis, the Franklin, Tennessee-based company said it had a loss of 97 cents. Losses, adjusted for one-time gains and costs, were 1 cent per share. The results beat Wall Street expectations. ...
Community Health Systems, Inc. today announced financial and operating results for the three and six months ended June 30, 2018.
On Thursday, Community Health Systems (NYSE: CYH ) will release its latest earnings report. Benzinga's outlook for Community Health Systems is included in the following report. Earnings and Revenue Wall ...
LifePoint Health Inc (NASDAQ: LPNT ) announced Monday its $5.6-billion sale to Apollo Global Management LLC (NYSE: APO )’s RCCH Healthcare Partners. The buyout price, $400 million less than what Reuters ...
Community Health (CYH) needs investors to pay close attention to the stock based on moves in the options market lately.
Community Health Systems, Inc. (CYH) announced today that subsidiaries of the Company have signed a definitive agreement to sell the two-hospital Sparks Health System and related businesses, including physician clinic operations and outpatient services, to Baptist Health in Little Rock, Ark. The transaction is expected to close in the fourth quarter of 2018, subject to customary regulatory approvals and closing conditions. Both the 492-bed Sparks Regional Medical Center in Ft. Smith, Ark., and the 103-bed Sparks Medical Center in Van Buren, Ark., are among the additional planned divestitures discussed on the Company’s first quarter 2018 earnings call. When the transaction is complete, Community Health Systems affiliates will continue to operate six hospitals in Arkansas.
Community Health Systems, Inc. (CYH) today announced that it will provide an online Web simulcast and rebroadcast of its second quarter 2018 conference call. The Company will issue a press release announcing its results on Thursday, July 26, 2018, after the regular close of trading. During this call, Community Health Systems will review the Company’s financial and operating results for the second quarter ended June 30, 2018.
Community Health Systems, Inc. (the “Company”) (CYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of approximately $1.033 billion aggregate principal amount of its 8.625% Senior Secured Notes due 2024 (the “New Notes”). The size of the offering was increased by approximately $6 million aggregate principal amount subsequent to the initial announcement of the offering. The sale of the New Notes is expected to be consummated on or about July 6, 2018, subject to customary closing conditions.
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.