Articles from Community Health Systems, Inc.

Community Health Systems, Inc. (NYSECYH) announced today that a subsidiary of the Company has signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses, to Duke Health for approximately $280 million, subject to certain net working capital and other adjustments.

Northwest Urgent Care, LLC, a Tucson, Arizona, subsidiary of Community Health Systems, Inc. (NYSECYH), has completed the acquisition of certain urgent care centers owned and operated by Carbon Health in Arizona.

Community Health Systems, Inc. (NYSECYH) provided an update on the planned divestiture of Commonwealth Health System in Pennsylvania.

Community Health Systems, Inc. (NYSECYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell ShorePoint Health Port Charlotte in Port Charlotte, Florida, certain assets of ShorePoint Health Punta Gorda, in Punta Gorda, Florida, and certain ancillary businesses related to such facilities to subsidiaries of Adventist Health System Sunbelt Healthcare Corporation (AdventHealth) for $265 million in cash, subject to certain net working capital and other adjustments. Due to the effects of Hurricane Helene and Hurricane Milton, the Punta Gorda hospital has indefinitely suspended inpatient operations.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in a fireside chat at the UBS Global Healthcare Conference to be held November 11 - 14, 2024 at the Terranea Resort Hotel in Rancho Palos Verdes, CA.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three and nine months ended September 30, 2024.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its third quarter 2024 conference call.

Community Health Systems, Inc. (NYSECYH) (“CHS”) and Denim Health have announced a development partnership that is aimed at revolutionizing the call center experience for patients through the implementation of conversational AI in the CHS Patient Access Center (“PAC”). The PAC is a centralized call center serving nearly 1,000 CHS-affiliated primary care providers and handling more than 25,000 inbound calls daily.

Community Health Systems, Inc. (NYSECYH) announced today that Lynn Simon, MD, President, Healthcare Innovation and Chief Medical Officer, will retire from her current executive management position at the end of the year and transition into a consulting arrangement effective January 1, 2025. Under the terms of her consulting agreement, Dr. Simon will continue to advise the Company’s management team regarding innovation in healthcare, and will continue to identify, evaluate and facilitate potential new partnerships and emerging capabilities for the organization.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the 2024 Wells Fargo Healthcare Conference to be held September 4 - 6, 2024.

Community Health Systems, Inc. (NYSECYH) announced today that certain subsidiaries of the Company have completed the sale of 351-bed Tennova Healthcare – Cleveland in Cleveland, Tennessee, and certain related businesses to Hamilton Health Care System, Inc. for $160 million. Additional cash consideration may be received contingent upon potential changes to certain supplemental reimbursement programs. The transaction is effective August 1, 2024.

Community Health Systems, Inc. (NYSECYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell three Pennsylvania hospitals – 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, and certain related businesses to affiliates of WoodBridge Healthcare, Inc. for $120 million, inclusive of a $10 million prepayment for services to be provided pursuant to an information technology transition services agreement and subject to adjustment for the assumption of any capital/finance leases and net working capital.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three and six months ended June 30, 2024.

Community Health Systems, Inc. (NYSECYH) (“CHS”) (the “Company”) released its 2024 Community Impact Report today, highlighting the Company’s substantial efforts to deliver quality healthcare, support and strengthen its workforce, protect the environment, and provide important economic benefits for the many communities it serves. Through all of these actions, CHS affirms its unwavering commitment to create a healthier, more sustainable future for all.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its second quarter 2024 conference call.

Community Health Systems, Inc. (NYSECYH) (“CHS”) announced today that it is expanding its partnership with Mark Cuban Cost Plus Drugs Company, making more medications available – at significantly lower costs – to the Company’s affiliated hospitals.

Community Health Systems, Inc. (NYSECYH) provided an update on the planned divestiture of two North Carolina hospitals today.

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of an additional $1,225.0 million aggregate principal amount of its outstanding 10.875% Senior Secured Notes due 2032 (the “Tack-On Notes”) at an issue price of 102.000%, plus accrued and unpaid interest from December 22, 2023 to the closing date (the “Notes Offering”). This represents an increase of $100.0 million in aggregate principal amount in the offering size of the Tack-On Notes. The Tack-On Notes will be part of the same series as, and rank equally with, the Issuer’s 10.875% Senior Secured Notes due 2032 issued in December 2023. After giving effect to this offering, the Issuer will have $2,225.0 million aggregate principal amount of outstanding 10.875% Senior Secured Notes due 2032. The sale of the Tack-On Notes is expected to be consummated on or about June 5, 2024, subject to customary closing conditions.

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to offer an additional $1,125.0 million aggregate principal amount of the Issuer’s outstanding 10.875% Senior Secured Notes due 2032 (the “Tack-On Notes”), subject to market and other conditions (the “Notes Offering”).

Community Health Systems, Inc. (NYSECYH) announced today that Fawn Lopez has been elected by its stockholders and has joined the Company’s Board of Directors as a new independent director.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the RBC Capital Markets Global Healthcare Conference to be held May 14-15, 2024, at the InterContinental New York Barclay.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three months ended March 31, 2024.

Community Health Systems, Inc. (NYSECYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell 351-bed Tennova Healthcare – Cleveland in Cleveland, Tennessee, and certain related businesses to affiliates of Hamilton Health Care System, Inc. for $160 million in cash, subject to certain net working capital and other adjustments. Additional consideration may be received following the transaction contingent upon potential changes to certain supplemental reimbursement programs.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its first quarter 2024 conference call.

Community Health Systems, Inc. (NYSECYH) (CHS) announced today that, in honor of Doctors’ Day, its affiliated hospitals will donate more than $250,000 to charitable organizations that are addressing social determinants of health. This is the second consecutive year that CHS-affiliated hospitals have marked Doctors’ Day with donations to local causes that combat food insecurity, homelessness, educational barriers and economic instability.

Community Health Systems, Inc. (NYSECYH) (CHS) will become the first national healthcare system to purchase select pharmaceutical supplies from Mark Cuban Cost Plus Drug Company (Cost Plus Drugs) as part of a new, collaborative relationship that promises to bring high-quality, lower cost drugs into the hospital setting.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three months and year ended December 31, 2023.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its fourth quarter and year-end 2023 conference call.

Community Health Systems, Inc. (the “Company”) (NYSECYH) announced today the early tender results of the previously announced cash tender offer (the “Tender Offer”) by its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), to purchase up to $985 million aggregate principal amount (the “Tender Cap”) of the Issuer’s outstanding 8.000% Senior Secured Notes due 2026 (the “2026 Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase Statement, dated December 11, 2023, as amended (the “Offer to Purchase”).

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has increased the principal amount of the Issuer’s approximately $2,101 million aggregate principal amount outstanding 8.000% Senior Secured Notes due 2026 (the “2026 Notes”) that it can repurchase under its previously announced cash tender offer (the “Tender Offer”) from $735 million to $985 million, on the terms and subject to the conditions set forth in the Issuer’s Offer to Purchase dated December 11, 2023 (the “Offer to Purchase”).

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of $1.0 billion aggregate principal amount of its 10.875% Senior Secured Notes due 2032 (the “Notes”) (the “Notes Offering”). The size of the offering was increased by $250 million aggregate principal amount of Notes subsequent to the initial announcement of the proposed offering. The sale of the Notes is expected to be consummated on or about December 22, 2023, subject to customary closing conditions.

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has commenced a cash tender offer (the “Tender Offer”) for up to $735 million of the Issuer’s approximately $2,101 million aggregate principal amount outstanding 8.000% Senior Secured Notes due 2026 (the “2026 Notes”), on the terms and subject to the conditions set forth in the Issuer’s Offer to Purchase dated December 11, 2023.

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to offer $750.0 million aggregate principal amount of Senior Secured Notes due 2032 (the “Notes”), subject to market and other conditions (the “Notes Offering”).

Community Health Systems, Inc. (NYSECYH) (the “Company”) today provided notice of a proposed settlement which is attached to this press release and has been posted to the Investor Relations section of the Company's website at https://www.chs.net/investor-relations/.

Community Health Systems, Inc. (NYSECYH) announced today that certain subsidiaries of the Company have completed the divestiture of Bravera Health Brooksville (120 licensed beds) in Brooksville, Florida, Bravera Health Spring Hill (124 licensed beds) in Spring Hill, Florida, and Bravera Health Seven Rivers (128 licensed beds) in Crystal River, Florida, along with their associated assets, physician clinic operations and outpatient services, to Tampa General Hospital and certain of its affiliates for approximately $294 million in cash, inclusive of estimated working capital and other purchase price adjustments. The transaction is effective December 1, 2023.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the 2023 BofA Securities Leveraged Finance Conference to be held November 27 – 29, 2023.

More than ten years ago, hospitals affiliated with Community Health Systems, Inc. (NYSECYH) embarked on an important safety journey to deliver better outcomes for patients, reduce risk and liability and build trust in the communities they serve. Since then, the hospitals have achieved and maintained an 89% reduction in their Serious Safety Event Rate.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three and nine months ended September 30, 2023.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its third quarter 2023 conference call.

Community Health Systems, Inc. (NYSECYH) today announced the appointment of retired U.S. Army Lt. Gen. Ronald L. Burgess Jr. to its Board of Directors for a term expiring at the 2024 Annual Meeting of Stockholders. Cybersecurity, national security and operational leadership have been central to Gen. Burgess’s distinguished career.

Community Health Systems, Inc. (NYSECYH) and population health management company, Mindoula, announced plans today to implement an innovative program that integrates virtual behavioral health services into the primary care setting. The program, designed to help patients who are experiencing mental health concerns such as anxiety and depression, includes initial behavioral health assessments, care planning, systematic follow-up via digital and human interactions, and weekly review of the treatment plan. Community Health Systems will deploy Mindoula’s Collaborative Care program on a large scale across its national footprint to approximately 700 primary care providers, enhancing access to behavioral health care for thousands of patients.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the 2023 Wells Fargo Securities Healthcare Conference to be held September 6 - 8, 2023.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three and six months ended June 30, 2023.

Community Health Systems, Inc. (NYSECYH) (“CHS” or the “Company”) released its 2023 Community Impact Report today detailing the many ways the organization is positively affecting the communities it serves. The report highlights the breadth of services offered by CHS-affiliated healthcare systems, the Company’s substantial economic impact, and efforts to address social issues, protect the planet, and improve the human condition.

Community Health Systems, Inc. (NYSECYH) announced today that subsidiaries of the Company have signed a definitive agreement to sell 120-bed Bravera Health Brooksville in Brooksville, Florida, 128-bed Bravera Health Seven Rivers in Crystal River, Florida, 124-bed Bravera Health Spring Hill in Spring Hill, Florida, and their associated assets to Tampa General Hospital and certain of its affiliates for cash consideration of $280 million, excluding anticipated purchase price adjustments for net working capital and the amount of capital leases assumed by the buyer. Total cash consideration to be received, inclusive of these items, is estimated to be approximately $290 million.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its second quarter 2023 conference call.

Community Health Systems, Inc. (NYSECYH) announced today that J. Anton Hie has joined the Company as Vice President of Investor Relations, effective May 15, 2023.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the RBC Capital Markets Global Healthcare Conference to be held May 16-17, 2023, at the InterContinental New York Barclay.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three months ended March 31, 2023.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its first quarter 2023 conference call.

Community Health Systems, Inc. (NYSECYH) announced today that affiliates of the Company have completed the divestiture of 25-bed Plateau Medical Center in Oak Hill, West Virginia, along with its respective assets, physician clinic operations and outpatient services to affiliates of Vandalia Health for cash consideration of approximately $92 million. The transaction is effective April 1, 2023.

Hospitals and healthcare systems affiliated with Community Health Systems, Inc. (NYSECYH) spent the month of March putting their care for the community into action. This year, CHS-affiliated hospitals celebrated National Doctors’ Day with charitable donations to non-profit organizations on behalf of physicians on their medical staffs. The organization also launched its first Jars of Love Peanut Butter Drive, an initiative to address food insecurity, a social determinant of health, in communities where its affiliates operate.

Community Health Systems, Inc. (NYSECYH) announced today that subsidiaries of the Company have signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center, an acute care hospital in Mooresville, NC, and Davis Regional Medical Center in Statesville, NC, which is in the process of transitioning from a general acute care hospital to an inpatient behavioral health hospital, and their associated assets, to subsidiaries of Novant Health for cash consideration of approximately $320 million.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three months and year ended December 31, 2022.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its fourth quarter and year-end 2022 conference call.

Community Health Systems, Inc. (NYSECYH) announced today that affiliates of the Company have completed the divestiture of 122-bed Greenbrier Valley Medical Center in Ronceverte, West Virginia, along with its respective assets, physician clinic operations and outpatient services to a subsidiary of Vandalia Health. The transaction was effective January 1, 2023.

Community Health Systems, Inc. (NYSECYH) announced today that Wayne T. Smith will retire from his role as Executive Chairman of the Board of Directors, effective January 1, 2023. Smith will continue to serve as the non-executive Chairman of the Board. This transition is the culmination of a leadership succession plan that began in January 2021 when Smith stepped down from his position as Chief Executive Officer and Tim L. Hingtgen was appointed Chief Executive Officer of the Company.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the BofA Securities 2022 Leveraged Finance Conference to be held November 28 – 30, 2022, at The Boca Raton hotel in Boca Raton, Florida.

Community Health Systems, Inc. (NYSECYH) today announced that it will participate in the Credit Suisse 31st Annual Global Healthcare Conference held November 7 – 10, 2022, at the Terranea Resort in Rancho Palos Verdes, California.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three and nine months ended September 30, 2022.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its third quarter 2022 conference call.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three and six months ended June 30, 2022.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its second quarter 2022 conference call.

Community Health Systems, Inc. (NYSECYH) announced today that its affiliated hospitals offering obstetrics services have deployed PeriWatch Vigilance, an artificial intelligence-based maternal-fetal early warning system. The technology, developed by perinatal software company, PeriGen, supports clinical decision-making and safety for mothers and babies during labor and delivery.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in two upcoming conferences.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three months ended March 31, 2022.

Community Health Systems, Inc. (NYSECYH) announced today that the organization’s affiliates will offer new and enhanced employee benefits valued at approximately $40 million annually. The major investment in new benefits is designed to help employees eliminate existing student debt faster, pursue additional professional education, and advance their careers. The new benefits are part of the organization’s strategies to attract and retain a strong workforce for each CHS-affiliated healthcare system, especially frontline nurses, technicians, therapists and other clinicians and caregivers, along with support personnel at affiliated hospitals and outpatient care locations.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its first quarter 2022 conference call.

Community Health Systems, Inc. (NYSECYH) today announced that management will participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference to be held February 28 – March 2, 2022, at the Loews Miami Beach Hotel in Miami, Florida.

Community Health Systems, Inc. (NYSECYH) (the “Company”) today announced financial and operating results for the three months and year ended December 31, 2021.

Community Health Systems, Inc. (NYSECYH) and health technology company, Cadence, today announced a partnership to implement an innovative digital healthcare infrastructure for patients managing chronic conditions. The partnership will deploy and scale Cadence’s remote patient monitoring (RPM) and virtual care solution across CHS’ national footprint, enhancing clinical care for thousands of patients.

Community Health Systems, Inc. (NYSECYH) today announced that it will webcast its fourth quarter and year-end 2021 conference call.

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), has priced an offering of $1,535.0 million aggregate principal amount of its 5.250% Senior Secured Notes due 2030 (the “Notes”) (the “Notes Offering”). The sale of the Notes is expected to be consummated on or about February 4, 2022, subject to customary closing conditions.

Community Health Systems, Inc. (the “Company”) (NYSECYH) today announced that its wholly owned subsidiary, CHS/Community Health Systems, Inc. (the “Issuer”), intends to offer $1,535.0 million aggregate principal amount of Senior Secured Notes due 2030 (the “Notes”), subject to market and other conditions (the “Notes Offering”).

Community Health Systems, Inc. (NYSECYH) announced today that Julia B. North, the Company’s Lead Director and a longtime member of the Board of Directors, passed away on December 9, 2021. Ms. North served as a member of the Company’s Board of Directors since 2004.