Community Health Sys Inc Stock Price, News & Analysis

Community Health Systems (NYSE:CYH) announced an increase in the tender cap for its subsidiary's 5.625% Senior Secured Notes due 2027. The maximum principal amount that can be repurchased under the previously announced cash tender offer has been raised from $1.47 billion to $1.757 billion.

The company has modified the financing condition, requiring completion of a debt financing yielding gross cash proceeds of $1.79 billion or more. Citigroup Global Markets Inc. will serve as the dealer manager for the tender offer, with Global Bondholder Services Corporation acting as the depositary and information agent.

Community Health Systems (NYSE:CYH) has announced the pricing of an upsized offering of $1,790 million in 9.750% Senior Secured Notes due 2034, representing a $290 million increase from the initial proposed offering amount.

The company plans to use the net proceeds, along with cash on hand, to retire all of its 5.625% Senior Secured Notes due 2027 through a combination of a cash tender offer and redemption. The Notes Offering is expected to close around August 12, 2025, and is being offered to qualified institutional buyers in the U.S. under Rule 144A and internationally under Regulation S.

Community Health Systems (NYSE:CYH) has announced that its subsidiary, CHS/Community Health Systems, Inc., is initiating a cash tender offer for up to $1.47 billion of its 5.625% Senior Secured Notes due 2027. The tender offer represents approximately 84% of the outstanding $1.757 billion principal amount.

The tender offer expires on August 25, 2025, with an early tender deadline of August 8, 2025. Noteholders who tender before the early deadline will receive an additional premium of $30 per $1,000 principal amount. The early tender consideration will be determined based on a fixed spread of 50 basis points plus the yield of the 4.875% U.S. Treasury Notes due November 30, 2025.

The offer is contingent upon completing a debt financing yielding gross proceeds of at least $1.5 billion. Citigroup Global Markets Inc. is acting as the dealer manager for the tender offer.

Community Health Systems (NYSE:CYH) has announced that its subsidiary, CHS/Community Health Systems, Inc., plans to offer $1,500 million in Senior Secured Notes due 2034. The company intends to use the proceeds, along with cash on hand, to refinance a portion of its outstanding 5.625% Senior Secured Notes due 2027 through a tender offer and/or redemption.

The Notes will be offered to qualified institutional buyers in the United States under Rule 144A and to international investors under Regulation S of the Securities Act. The offering is subject to market and other conditions, and the Notes have not been registered under the Securities Act.

Community Health Systems (NYSE:CYH) announced that CEO Tim Hingtgen will retire effective September 30, 2025. Current President and CFO Kevin Hammons will assume the role of interim CEO, while Senior VP and Chief Accounting Officer Jason K. Johnson will become interim CFO.

Hingtgen, who served as CEO since January 2021 and has been with CHS for nearly 18 years, will enter into a consulting agreement to continue advising the management team. Hammons brings over 28 years of experience with CHS's finance team, while Johnson has been with the company since 2012, serving most recently as chief accounting officer.

Community Health Systems (NYSE:CYH) reported its Q2 2025 financial results, with net operating revenues of $3.133 billion, slightly down 0.2% from Q2 2024. The company posted net income of $282 million ($2.09 per share), compared to a net loss of $(13) million in Q2 2024. Same-store admissions increased 0.3%, while adjusted admissions decreased 0.7%.

Key financial moves included a $700 million offering of 10.750% Senior Secured Notes due 2033 and a tender offer retiring $584 million of 6.875% Senior Unsecured Notes. The company also announced the sale of its ambulatory outreach laboratory services to Labcorp for $195 million. Adjusted EBITDA was $380 million, down from $387 million in Q2 2024, primarily due to lower outpatient volumes and unfavorable payor mix.

Community Health Systems (NYSE:CYH) has entered into a definitive agreement to sell select ambulatory outreach laboratory assets to Labcorp (NYSE:LH) for $195 million in cash. The transaction covers laboratory services across 13 states, including patient service centers and in-office phlebotomy locations.

CHS will retain operation of inpatient and emergency department laboratories while continuing to provide hospital-based laboratory services. The deal aims to provide broader access to Labcorp's comprehensive testing services, specialty testing menu, data analytics, and digital tools. The transaction is expected to close in Q4 2025, subject to regulatory approvals.

Community Health Systems (NYSE:CYH) has scheduled its second quarter 2025 earnings conference call for July 24, 2025, at 11:00 a.m. Eastern Time. The company will release its Q2 2025 financial results after market close on July 23, 2025.

Investors can access the live webcast at www.chs.net/investor-relations/investor-tools/webcasts/. For those joining by phone, dial 1-833-630-1961 (domestic) or 1-412-317-1842 (international). A replay will be available through July 31, 2025, by dialing 1-877-344-7529 with confirmation number 4917377.

Community Health Systems (NYSE:CYH) has completed the sale of its 80% stake in Cedar Park Regional Medical Center and related businesses in Cedar Park, Texas, to Ascension Health for $436 million. The transaction, which closed on June 30, 2025, also included a distribution of approximately $23 million to Ascension Health for outstanding balances owed to Cedar Park Regional Medical Center.

Ascension Health, which previously held a minority interest in the medical center, has now acquired full ownership through this transaction. The definitive agreement for this divestiture was initially announced on April 15, 2025.