Rennova Health on Friday completed its purchase of an 85-bed hospital in Jamestown, Tenn., from Community Health Systems.
Community Health Systems managed to narrow its operating loss in the first quarter of 2018. The hospital chain's revenue shrunk by nearly 18%, but increased slightly on a same-hospital basis.
Share prices of publicly traded hospital companies have been volatile along with the rest of the stock market.
It's Q1 earnings season. Some of the industry's heavy hitters are up this week.
Community Health Systems has signed a definitive agreement to sell Munroe Regional Medical Center in Ocala, Fla., to Adventist Health System Sunbelt Healthcare Corp.
Microsoft is suing Community Health Systems for copyright infringement, claiming the chain allowed its divested hospitals to keep using Microsoft programs without a license.
Community Health Systems announced the sale of three Tennessee hospitals to West Tennessee Healthcare, a public health system.
Modern Healthcare incorrectly reported that Wellington had sold the entirety of its stake in CHS, when it did not own any common shares in the hospital chain, stemming from a mistake it corrected in an SEC filing.
Community Health Systems announced Thursday it has hired a number of financial advisory firms, including Lazard, to help the Franklin, Tenn.-based chain address its $4.8 billion in debt maturing in 2019 and 2020.
Community Health Systems' stock price sank 11% Tuesday and Wednesday following a report that the Franklin, Tenn.-based hospital chain hired Lazard to help restructure its debt.
Community Health Systems' stock price fell 17% Wednesday following the previous day's release of results for 2017 that include a $2 billion fourth-quarter net loss.
CHS will sell a 60-bed hospital, Byrd Regional Hospital in Leesville, La., to Allegiance Health Management. The Franklin-based system expects the deal to close in the first half of 2018.