Community Health Systems, Inc. - CYH STOCK NEWS

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.

Community Health Systems, Inc. (NYSE: CYH) has announced the pricing of a $1.095 billion offering of 4.750% Senior Secured Notes due 2031. The offering is expected to close around February 9, 2021, subject to standard conditions. The net proceeds will be used to redeem all outstanding 8.625% Senior Secured Notes due 2024 and cover related expenses. The notes will be offered to institutional buyers under specific U.S. regulations and are not registered under the Securities Act, meaning they cannot be sold in the U.S. without proper registration.

Community Health Systems today announced a proposed offering of $1.095 billion in Senior Secured Notes due 2031 through its subsidiary. The proceeds will be used to redeem all outstanding 8.625% Senior Secured Notes due 2024 and cover related expenses. The offering is targeting qualified institutional buyers in the U.S. and will comply with SEC regulations. This announcement does not serve as a redemption notice for the 2024 Notes and is subject to market conditions.

Community Health Systems announced an amendment to its cash tender offer for Junior-Priority Secured Notes due 2023, increasing the tender offer consideration from $1,035.00 to $1,044.06 per $1,000 principal amount. The tender cap has been removed, allowing the purchase of any outstanding notes. The total consideration for notes validly tendered by February 1, 2021, is now $1,074.06. The offer is conditioned on raising at least $1,768,697,000 through debt financing. A conditional notice for redemption on February 4, 2021, reflects a price of 107.406% plus accrued interest.