COMMUNITY HEALTH SYSTEMS, INC.


Associated tags: Community Health Systems, Hospital, Health care, Bed, Community, Health, Hospitals, CYH, NYSE, Nursing, General Health, Other Health, Managed Care

Locations: UNITED STATES, NORTH AMERICA, TENNESSEE, CHICAGO, NEW YORK

Community Health Systems, Inc. Announces Election of New Independent Director

Retrieved on: 
Tuesday, May 7, 2024

Community Health Systems, Inc. (NYSE: CYH) 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.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) 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.
  • She joined Modern Healthcare as associate publisher in 2001, and, before that, served as national director of advertising at Crain’s Chicago Business from 1999 to 2001 and advertising director at the Kansas City Business Journal from 1991 to 1999.
  • Lopez has deep connections and relationships with a broad network of influential healthcare leaders.
  • She has won numerous awards and recognitions for her contributions to advancing leadership and diversity in healthcare.

Community Health Systems to Participate in 2024 RBC Capital Markets Global Healthcare Conference

Retrieved on: 
Tuesday, May 7, 2024

Community Health Systems, Inc. (NYSE:CYH) 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.

Key Points: 
  • Community Health Systems, Inc. (NYSE:CYH) 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.
  • The Company will host a fireside chat presentation on Tuesday, May 14, 2024, at 2:35 p.m.
  • The fireside chat presentation will be available to investors via a live audio webcast.
  • A link to the broadcast can be found at the investor relations section of the Company’s website, www.chs.net , and a replay will be available using that same link.

Community Health Systems, Inc. Announces First Quarter Ended March 31, 2024 Results

Retrieved on: 
Wednesday, April 24, 2024

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

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today announced financial and operating results for the three months ended March 31, 2024.
  • Commenting on the results, Tim L. Hingtgen, chief executive officer of Community Health Systems, Inc., said, “We were pleased with our first quarter performance compared to both prior year and prior quarter.
  • Net cash provided by operating activities was $96 million for the three months ended March 31, 2024, compared to $5 million for the same period in 2023.
  • The Company’s annual earnings guidance for 2024, as provided in our press release issued on February 20, 2024, is reaffirmed.

Community Health Systems Announces Definitive Agreement to Sell Cleveland, Tennessee, Hospital to Hamilton Health Care System

Retrieved on: 
Thursday, April 18, 2024

Community Health Systems, Inc. (NYSE: CYH) 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.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) 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.
  • The transaction is expected to close in the third quarter of this year, subject to customary regulatory approvals and closing conditions.
  • The hospital included in this transaction is among the additional potential divestitures discussed on the Company’s fourth quarter and year-end 2023 earnings call.

Community Health Systems to Webcast First Quarter 2024 Conference Call

Retrieved on: 
Wednesday, April 10, 2024

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

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its first quarter 2024 conference call.
  • The conference call is scheduled to begin at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time, on Thursday, April 25, 2024.
  • During this call, Community Health Systems will review the Company’s financial and operating results for the first quarter ended March 31, 2024.
  • Once connected, request to be joined into the Community Health Systems, Inc. call.

Community Health Systems Addresses Health Disparities through Doctors’ Day Donations and Second Annual Jars of Love Peanut Butter Drive

Retrieved on: 
Thursday, March 28, 2024

Doctors’ Day is an annual observance that honors physicians worldwide for their unwavering commitment to providing high-quality healthcare for individuals and communities.

Key Points: 
  • Doctors’ Day is an annual observance that honors physicians worldwide for their unwavering commitment to providing high-quality healthcare for individuals and communities.
  • Peanut butter, known for its nutritional value and long shelf life, is among the most requested items by food banks.
  • CHS-affiliated health systems collected more than 86,000 jars of peanut butter and other nut butters to donate to 58 local food banks.
  • We’re also extremely grateful for the generosity of employees, physicians and community members who joined in our efforts to create greater health equity by supporting our Jars of Love Peanut Butter Drive this year,” said Hingtgen.

Community Health Systems Partners With Mark Cuban Cost Plus Drug Company to Address the Rising Cost of Drugs and Potential Drug Shortages

Retrieved on: 
Thursday, March 7, 2024

Community Health Systems, Inc. (NYSE: CYH) (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.

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) (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.
  • Drug shortages – Cost Plus Drugs is focused on manufacturing drugs that are often in limited supply, threatening patient treatment and outcomes when shortages occur.
  • CHS and Cost Plus Drugs are working together to identify, prepare for, and mitigate potential future drug shortages in the hospital setting.
  • “Community Health Systems has stepped forward to consider important issues related to drug supply, drug costs, patient care and outcomes,” said Alex Oshmyansky, MD, PhD, Chief Executive Officer of Mark Cuban Cost Plus Drug Company.

Community Health Systems, Inc. Announces Fourth Quarter and Year Ended December 31, 2023 Results

Retrieved on: 
Tuesday, February 20, 2024

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

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) (the “Company”) today announced financial and operating results for the three months and year ended December 31, 2023.
  • We expect this progress and momentum to continue in 2024.”
    The following highlights the financial and operating results for the three months ended December 31, 2023.
  • Approximately $402 million principal amount of notes outstanding were extinguished via repurchases during the three months ended December 31, 2023.
  • During the year ended December 31, 2023, pandemic relief funds did not materially impact net loss attributable to Community Health Systems, Inc. stockholders.

Community Health Systems to Webcast Fourth Quarter and Year-End 2023 Conference Call

Retrieved on: 
Tuesday, February 6, 2024

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

Key Points: 
  • Community Health Systems, Inc. (NYSE: CYH) today announced that it will webcast its fourth quarter and year-end 2023 conference call.
  • The conference call is scheduled to begin at 10:00 a.m. Central Time, 11:00 a.m. Eastern Time, on Wednesday, February 21, 2024.
  • During this call, Community Health Systems will review the Company’s financial and operating results for the fourth quarter and full year ended December 31, 2023.
  • Once connected, request to be joined into the Community Health Systems, Inc. call.

Community Health Systems Completes Data Migration and Implements New Generative AI Innovations with Google Cloud

Retrieved on: 
Wednesday, January 31, 2024

SUNNYVALE, Calif. and FRANKLIN, Tenn., Jan. 31, 2024 /PRNewswire/ -- Community Health Systems, Inc. (NYSE: CYH), one of the nation's leading healthcare companies, and Google Cloud today announced that CHS has completed migration to a Fast Healthcare Interoperability Resources 1 (FHIR)-based clinical data platform and is now implementing new generative AI (gen AI) innovations using Google Cloud technologies.

Key Points: 
  • SUNNYVALE, Calif. and FRANKLIN, Tenn., Jan. 31, 2024 /PRNewswire/ -- Community Health Systems, Inc. (NYSE: CYH), one of the nation's leading healthcare companies, and Google Cloud today announced that CHS has completed migration to a Fast Healthcare Interoperability Resources 1 (FHIR)-based clinical data platform and is now implementing new generative AI (gen AI) innovations using Google Cloud technologies.
  • Since completing the migration to Google Cloud, CHS has already improved data transparency across its organization and seen improvements in quality, outcomes, and operations.
  • "The goal of this migration extends well beyond modernizing our data infrastructure," said Miguel S. Benet, MD, senior vice president of Clinical Operations at Community Health Systems.
  • "From its migration to the cloud, to its implementation of generative AI tools, Community Health Systems is taking a forward-thinking approach to how it leverages healthcare data."