Community Health Systems and LifePoint Health announced they have closed on divestitures of four hospitals in Florida and Louisiana.
Admissions and revenue continued to slide for Community Health Systems in the second quarter of 2018. The for-profit hospital chain reported a net loss of $110 million in the quarter.
Heavy hitters Anthem, HCA and UHS will release their Q2 earnings. Meanwhile, a House panel will delve into the MIPS program.
Community Health Systems plans to sell two of its Arkansas hospitals to Baptist Health in Little Rock as part of its previously announced divestitures in the state.
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.
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.