Community Health Systems, Inc. - CYH STOCK NEWS

Community Health Systems, Inc. (NYSE: CYH) announced the appointment of Joseph A. Hastings, D.M.D., to its Board of Directors, effective until the 2022 Annual Meeting of Stockholders. Dr. Hastings, a healthcare practitioner with over 37 years of experience, is a private orthodontist in Mobile, Alabama, and has a history of service on the board of Quorum Health Corporation. His experience is expected to enhance governance and provide valuable insights into healthcare practices. This move aims to strengthen the board's expertise as the company continues to focus on delivering quality healthcare.

Community Health Systems, Inc. (NYSE:CYH) announced its participation in the Wells Fargo 2021 Virtual Healthcare Conference on September 9-10, 2021. Management will present at 2:40 p.m. Eastern time on September 9, accessible through a live audio webcast. The presentation will be available for replay on the company's investor relations website. Community Health Systems operates 84 affiliated hospitals across 16 states, with around 13,000 licensed beds, making it one of the largest publicly traded hospital companies in the U.S.

Community Health Systems reported mixed financial results for Q2 and H1 2021. Net operating revenues rose to $3.007 billion, a 19.4% increase year-over-year. However, net income attributable to common stockholders fell to $6 million, or $0.04 per share, down from $70 million or $0.61 per share in Q2 2020. Adjusted EBITDA was stable at $453 million. Operating cash flow plunged 89.2% to $179 million, primarily due to the lack of COVID-19 relief funds received in prior periods. Total net loss for H1 was $58 million.

Community Health Systems (NYSE:CYH) announced a webcast for its second quarter 2021 conference call scheduled for July 29, 2021, at 10:00 a.m. CT. The company will release its financial results on July 28, 2021, after market close. Investors can access the live webcast at www.chs.net. Following the call, a replay will be available for approximately 30 days.

Community Health Systems operates 84 hospitals across 16 states, featuring about 13,000 licensed beds and is headquartered in Franklin, Tennessee.

Community Health Systems, Inc. (NYSE:CYH) will participate in the Jefferies Virtual Healthcare Conference from June 1 to 4, 2021. The investor presentation is scheduled for June 2, 2021, at 10:30 a.m. Eastern Time and will be available via a live audio webcast. The link to the broadcast can be found on the Company’s investor relations website, www.chs.net, where a replay will also be available. Community Health Systems operates 84 affiliated hospitals across 16 states, totaling approximately 13,000 licensed beds.

Community Health Systems (NYSE:CYH) announced its participation in the 2021 RBC Capital Markets Global Healthcare Conference, which occurs from May 18-20, 2021. Management will present on May 19, 2021, at 1:20 p.m. Eastern Time via a live audio webcast. Investors can access the webcast link through the investor relations section of the Company’s website at www.chs.net. Community Health Systems operates 84 hospitals across 16 states with around 13,000 licensed beds, headquartered in Franklin, Tennessee.

Community Health Systems, Inc. (NYSE: CYH) announced the pricing of an offering of $1,440 million in 6.125% Junior-Priority Secured Notes due 2030. The offering is expected to close around May 19, 2021, subject to customary conditions. Proceeds will be used to redeem all outstanding 8.125% Junior-Priority Secured Notes due 2024 and cover related fees. The Notes are available to qualified institutional buyers under Rule 144A and are not registered under the Securities Act.

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.