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Community Health Systems, Inc. - CYH STOCK NEWS

Welcome to our dedicated page for Community Health Systems news (Ticker: CYH), a resource for investors and traders seeking the latest updates and insights on Community Health Systems stock.

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.

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AvaSure (AVS) deployed its TeleSitter® solution in Community Health Systems (CHS) hospitals to improve patient safety and reduce the need for 1:1 sitters. CHS executives will discuss the deployment in a webinar on August 31. The technology enables one virtual sitter to monitor 12-16 patients, enhancing staff utilization and patient monitoring. CHS operates in 43 markets across 15 states, owning 77 affiliated hospitals with approximately 13,000 beds and over 1,000 sites of care.
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Community Health Systems, Inc. (NYSE: CYH) reported net operating revenues of $3.115 billion for Q2 2023, a 6.2% increase compared to Q2 2022. Adjusted EBITDA was $373 million, up from $253 million in Q2 2022. Net loss attributable to stockholders was $(38) million, compared to $(326) million in Q2 2022. Admissions increased 4.8% on a same-store basis.
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Community Health Systems, Inc. has signed an agreement to sell three hospitals in Florida to Tampa General Hospital for $280 million in cash. The total cash consideration, including purchase price adjustments, is estimated to be around $290 million. The transaction is expected to close later this year, pending regulatory approvals.
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J. Anton Hie joins Community Health Systems as Vice President of Investor Relations. Hie has over 20 years of experience in the healthcare investment field. He previously worked at AdaptHealth Corp. and RBC Capital Markets.
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Community Health Systems, Inc. (NYSE: CYH) announced a webcast of its first quarter 2023 conference call. The results will be released on May 1, 2023, after market close, with the call taking place on May 2, 2023, at 10:00 a.m. Central time (11:00 a.m. Eastern time). The call will cover the company's financial and operational results for the quarter ending March 31, 2023. Interested parties can access the webcast live at www.chs.net. A replay will be available for 30 days post-call.

Community Health Systems operates 78 affiliated hospitals and over 1,000 care sites across 15 states, making it one of the largest healthcare providers in the U.S. For further details, visit www.chs.net.

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Community Health Systems (NYSE: CYH) announced the divestiture of Plateau Medical Center in Oak Hill, West Virginia for approximately $92 million, effective April 1, 2023. This transaction includes the hospital's assets, physician clinic operations, and outpatient services, and is part of a broader strategy discussed during the Company’s fourth quarter and year-end 2022 earnings call. Community Health Systems continues to operate 78 hospitals and over 1,000 sites of care across multiple states.

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FAQ

What is the current stock price of Community Health Systems (CYH)?

The current stock price of Community Health Systems (CYH) is $3.65 as of November 22, 2024.

What is the market cap of Community Health Systems (CYH)?

The market cap of Community Health Systems (CYH) is approximately 492.5M.

What services does Community Health Systems, Inc. provide?

CHS offers a wide range of diagnostic, medical, and surgical services in both inpatient and outpatient settings. They also own home health agencies and provide management and consulting services to independent hospitals.

Where is Community Health Systems, Inc. headquartered?

The company is headquartered in Franklin, Tennessee, a suburb south of Nashville.

How many hospitals does CHS operate?

CHS operates approximately 200 hospitals across 29 states with around 30,400 licensed beds.

What is the stock symbol for Community Health Systems, Inc.?

The stock symbol for Community Health Systems, Inc. is CYH.

What technological innovations has CHS recently implemented?

CHS has recently partnered with AvaSure to deploy virtual sitter technology aimed at improving patient safety and optimizing staff utilization.

How does Community Health Systems contribute to local communities?

CHS affiliates are dedicated to providing quality healthcare and contribute to the economic development of the communities they serve.

What types of outpatient services does CHS offer?

CHS offers a variety of outpatient services including urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers, and ambulatory surgery centers.

How does Community Health Systems ensure patient safety?

CHS employs innovative technologies such as AvaSure’s virtual sitter technology to enhance patient safety and reduce the risk of falls.

Is Community Health Systems, Inc. a publicly traded company?

Yes, Community Health Systems, Inc. is publicly traded on the New York Stock Exchange under the symbol CYH.

How can I get the latest news about Community Health Systems?

You can visit the company’s official website or follow their news releases for the latest updates and developments.

Community Health Systems, Inc.

NYSE:CYH

CYH Rankings

CYH Stock Data

492.53M
127.10M
8.2%
79.74%
5.4%
Medical Care Facilities
Services-general Medical & Surgical Hospitals, Nec
Link
United States of America
FRANKLIN