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Community Health Systems, Inc. (CYH) is a leading operator of general acute care hospitals in the United States. Headquartered in Franklin, Tennessee, the company owns, operates, or leases approximately 200 hospitals across 29 states, with a total of around 30,400 licensed beds. The organization’s primary focus is on delivering quality healthcare services to local communities while contributing to their economic development.
CHS offers a broad range of medical services tailored to meet the unique needs of each community it serves. These services include diagnostic, medical, and surgical services available in both inpatient and outpatient settings. In addition to hospital services, the company owns four home health agencies and provides management and consulting services to independent hospitals.
The company has been actively investing in innovative technologies to improve patient care. Recently, CHS partnered with AvaSure to implement virtual sitter technology aimed at enhancing patient safety by reducing falls and optimizing staff utilization. This initiative reflects CHS’s commitment to leveraging advanced technology to improve healthcare outcomes while addressing workforce challenges.
Financially, Community Health Systems is a publicly traded company listed on the New York Stock Exchange under the symbol CYH. The company generates revenue through a variety of healthcare services, including general and specialized hospital care as well as outpatient services. With a diversified portfolio of healthcare facilities, CHS continues to play a significant role in the U.S. healthcare system.
CHS operates healthcare delivery systems in 43 distinct markets across 15 states and its subsidiaries own or lease 77 affiliated hospitals with approximately 13,000 beds. The organization also manages over 1,000 sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers, and ambulatory surgery centers.
For the latest updates and developments on Community Health Systems, visit the company’s website or follow them on their official news channels.
Community Health Systems (NYSE: CYH) reported its Q4 and full-year 2024 financial results. For Q4 2024, the company recorded net operating revenues of $3.265 billion, a 2.6% increase from Q4 2023. However, CYH reported a net loss of $(70) million, or $(0.53) per share, compared to a net income of $46 million in Q4 2023.
On a same-store basis, Q4 showed positive trends with admissions increasing 3.4% and adjusted admissions up 3.1%. Adjusted EBITDA improved to $428 million from $386 million in Q4 2023. The company completed two hospital divestitures in 2024 and one in early 2025.
For full-year 2024, net operating revenues were $12.634 billion, up 1.2% from 2023. The annual net loss widened to $(516) million, or $(3.90) per share, compared to $(133) million in 2023. Same-store revenues increased 5.5% year-over-year.
Community Health Systems (NYSE: CYH) has announced its upcoming webcast for the fourth quarter and year-end 2024 financial results conference call. The company will release its results on Tuesday, February 18, 2025, after market close.
The conference call is scheduled for Wednesday, February 19, 2025, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, CYH will present its financial and operating results for Q4 and the full year ended December 31, 2024.
Investors can access the live webcast at the company's investor relations website. For those joining by phone, dial 1-833-630-1961 (domestic) or 1-412-317-1842 (international). An online replay will be available for approximately 30 days, and a telephonic replay will be accessible through February 26, 2025, using confirmation number 3917263.
Community Health Systems (NYSE: CYH) has announced a definitive agreement to sell Lake Norman Regional Medical Center, a 123-bed facility in Mooresville, N.C., along with related businesses to Duke Health for approximately $280 million. The transaction is subject to net working capital and other adjustments, with an expected closing in the first quarter of 2025, pending regulatory approvals and closing conditions. This divestiture was previously mentioned during the Company's third quarter 2024 earnings call as part of potential future sales.
Northwest Urgent Care, a subsidiary of Community Health Systems (NYSE: CYH) in Tucson, Arizona, has acquired Carbon Health's urgent care centers in Arizona. This acquisition expands Northwest Healthcare's network to over 80 sites of care. The company has invested approximately $200 million in strategic growth and capital projects in the Greater Tucson Metro area over the past five years, including two new hospitals. In 2023, Northwest Healthcare's system served more than 845,000 patient encounters.
Community Health Systems (NYSE: CYH) announced the termination of its Asset Purchase Agreement with WoodBridge Healthcare, dated July 30, 2024. The agreement, which would have transferred ownership of three Pennsylvania hospitals - Regional Hospital of Scranton, Moses Taylor Hospital, and Wilkes-Barre General Hospital - was mutually terminated on November 22, 2024. The cancellation occurred due to WoodBridge's inability to meet funding requirements, specifically related to issues with expected proceeds from public tax-exempt and taxable bonds. CYH will now reassess future options for Commonwealth Health System following this development.
Community Health Systems (NYSE: CYH) has announced a definitive agreement to sell ShorePoint Health facilities in Florida to AdventHealth for $265 million in cash, subject to adjustments. The sale includes ShorePoint Health Port Charlotte, certain assets of ShorePoint Health Punta Gorda (currently with suspended inpatient operations due to hurricane damage), and related ancillary businesses. The transaction is expected to close in Q1 2025, pending regulatory approvals and closing conditions.
Community Health Systems (NYSE:CYH) announced its participation in the upcoming 2024 UBS Global Healthcare Conference at the Terranea Resort Hotel in Rancho Palos Verdes, CA. The company's management will engage in a fireside chat on November 12, 2024, at 4:15 p.m. Eastern time (1:15 p.m. Pacific time). Investors can access the presentation through a live audio webcast on the company's website investor relations section, with a replay option available afterward.
Community Health Systems (NYSE: CYH) reported Q3 2024 financial results with net operating revenues of $3.090 billion, a slight 0.1% increase from 2023. The company posted a net loss of $(391) million, or $(2.95) per share, compared to $(91) million in Q3 2023. Same-store admissions increased 2.4%, while Adjusted EBITDA was $347 million. Operating cash flow improved to $67 million from $29 million year-over-year. The increased net loss was primarily due to professional liability claims accrual adjustments and hurricane-related impacts, partially offset by higher same-store volumes and improved reimbursement rates.
Community Health Systems (NYSE: CYH) has announced the scheduling of its third quarter 2024 conference call. The company will release its financial results on Wednesday, October 23, 2024, after the regular close of trading. The conference call is set for Thursday, October 24, 2024, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
During the call, CYH will review its financial and operating results for the quarter ended September 30, 2024. Interested parties can access a live webcast of the call at the company's investor relations website. An online replay will be available for approximately 30 days following the call.
To join the live call, participants can dial 1-833-630-1961 (domestic) or 1-412-317-1842 (international). A telephonic replay will be accessible through October 31, 2024, by dialing 1-877-344-7529 and entering the confirmation number 4255068.
Community Health Systems (NYSE: CYH) and Denim Health have announced a development partnership to implement conversational AI in CHS's Patient Access Center (PAC). The PAC serves nearly 1,000 CHS-affiliated primary care providers and handles over 25,000 daily inbound calls. Following a successful pilot, CHS has deployed Denim Health's AI bot across the PAC environment for all inbound calls.
Initially, the AI authenticates caller identities, understands call reasons, and captures information to assist agents. This has resulted in reduced call times and improved efficiency. Future plans include enabling patient self-scheduling and care gap closures. Callers retain the option to speak with human agents at any time.
The partnership aims to enhance patient experience, streamline agent workload, and create organizational savings while maintaining human interactions for complex needs.
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