Community Health Systems, Inc. - CYH STOCK NEWS

Community Health Systems (NYSE: CYH) has announced a proposed offering of $1.44 billion in Junior-Priority Secured Notes due 2030. The funds will be used to redeem existing 8.125% Junior-Priority Secured Notes due 2024 and cover related expenses. The offering is aimed at qualified institutional buyers under Rule 144A and is not registered under the Securities Act. This press release is not an offer to sell or a solicitation and contains forward-looking statements involving risks and uncertainties.

Community Health Systems, Inc. (CYH) reported Q1 2021 net operating revenues of $3.013 billion, a 0.4% decrease from Q1 2020. The company faced a net loss of $(64) million or $(0.51) per diluted share, contrasting with a net income of $18 million or $0.15 per share in the previous year. Adjusted EBITDA was $495 million, boosted by $82 million from pandemic relief funds. Admissions declined 14.0% year-over-year, while same-store revenues rose 9.8%. The company also experienced a $71 million pre-tax loss from debt extinguishment. A conference call is scheduled for April 29, 2021.

Community Health Systems (NYSE: CYH) announced it will webcast its Q1 2021 conference call on April 29, 2021, at 10:00 a.m. CT. The company will provide its financial results on April 28, 2021. Interested parties can access the live webcast by visiting www.chs.net 15 minutes prior to the call. Community Health Systems operates 85 affiliated hospitals across 16 states in the U.S., with approximately 14,000 licensed beds, making it one of the largest publicly traded hospital companies.

Community Health Systems (NYSE:CYH) announced its management will participate virtually in the Oppenheimer 31st Annual Healthcare Conference on March 16-17, 2021. The investor presentation is set for 9:20 a.m. Eastern time on March 17, 2021, accessible via live audio webcast at www.chs.net. Community Health Systems operates 85 affiliated hospitals across 16 states, with around 14,000 licensed beds. The company is a leading operator of general acute care hospitals in the U.S.

Community Health Systems (NYSE:CYH) announced participation in the Barclays Global Healthcare Conference from March 9-11, 2021. The investor presentation will occur on March 11, 2021, at 1:15 p.m. Eastern time, accessible via a live audio webcast. A replay will also be available on the company’s investor relations webpage.

Community Health Systems is a major operator of acute care hospitals in the U.S., managing 85 hospitals across 16 states with around 14,000 licensed beds, headquartered in Franklin, Tennessee.

Community Health Systems (NYSE:CYH) will participate in the J.P. Morgan Global High Yield & Leveraged Finance Conference from March 1-3, 2021. The investor presentation is scheduled for March 2, 2021, at 9:15 a.m. Eastern Time and will be accessible via live audio webcast. Interested investors can find the link on the Company’s investor relations website. Community Health Systems operates 85 affiliated hospitals across 16 states with around 14,000 licensed beds, headquartered in Franklin, Tennessee.

Community Health Systems, Inc. (CYH) reported a net income of $311 million, or $2.57 per share, for Q4 2020, reversing a net loss of $(373) million in Q4 2019. Total net operating revenues decreased by 5.1% to $3.119 billion. The company recognized $153 million from pandemic relief funds. Adjusted EBITDA rose to $614 million from $447 million year-over-year. For the full year, CYH's net income was $511 million on revenues of $11.789 billion, down 10.8% from 2019. The company faced a 15.7% drop in admissions due to COVID-19 impacts, while managing operating costs effectively.

Community Health Systems, Inc. (CYH) has announced an online simulcast of its fourth quarter and year-end 2020 conference call, scheduled for February 18, 2021. The company will release its financial results on February 17, after market close. The presentation will cover the company’s operating results and can be accessed live starting at 10:00 a.m. CT. Community Health Systems operates 86 affiliated hospitals with around 14,000 licensed beds across 16 states, emphasizing its status as a major player in the U.S. hospital industry.

Community Health Systems (NYSE: CYH) has announced early results from its cash tender offer to purchase outstanding Junior-Priority Secured Notes due 2023. As of February 1, 2021, approximately $132.9 million, or 7.52%, of the total $1.77 billion in Junior-Priority Secured Notes were tendered and accepted. The settlement date for these notes is expected to be February 2, 2021, with the tender offer set to expire on February 16, 2021. The issuer previously issued a conditional notice of redemption for the remaining outstanding notes, effective February 4, 2021.