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CHS sells three Tennessee hospitals

CHS sells three Tennessee hospitals

By Modern Healthcare  |  March 27, 2018

Community Health Systems announced the sale of three Tennessee hospitals to West Tennessee Healthcare, a public health system.

Investor corrects CHS ownership filing

Investor corrects CHS ownership filing

By Tara Bannow  |  March 15, 2018

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.

CHS hires financial advisers for debt restructuring

By Tara Bannow  |  March 15, 2018

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' share price falls 17%

Community Health Systems' share price falls 17%

By Tara Bannow  |  February 28, 2018

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.

Community Health Systems selling Louisiana hospital

By Tara Bannow  |  February 14, 2018

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.

CHS to sell rural Tenn. hospital to Rennova Health

CHS to sell rural Tenn. hospital to Rennova Health

By Tara Bannow  |  January 31, 2018

Community Health Systems plans to sell its 85-bed hospital in Jamestown, Tenn., to Rennova Health. The deal is part of a broader planned sell-off by CHS as it looks to reduce its debt load.

Record numbers, better credit in 2017 M&A dealmaking

Record numbers, better credit in 2017 M&A dealmaking

By Tara Bannow  |  January 27, 2018

The most mergers ever were recorded in 2017 by financial firm Kaufman Hall, which began tracking deals in 2000. Even with that growth, more financially strong systems are attracting interest in being acquired by a larger or better-positioned system.

Court greenlights CHS lawsuit against former Fort Wayne exec

Court greenlights CHS lawsuit against former Fort Wayne exec

By Shelby Livingston  |  January 26, 2018

A Tennessee judge on Friday declined to dismiss a lawsuit brought by Community Health Systems and its Fort Wayne, Ind., subsidiary Lutheran Health Network against Lutheran's former CEO Brian Bauer.

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