Community Health Sys Inc Stock Price, News & Analysis

Community Health Systems, Inc. (NYSE: CYH) announced plans to offer $1,535.0 million in Senior Secured Notes due 2030. The net proceeds will be used to redeem outstanding 6.625% Senior Secured Notes due 2025 and cover related expenses. The offering targets qualified institutional buyers and will be conducted under Rule 144A and Regulation S of the Securities Act. This communication is not a solicitation for securities nor does it constitute a notice of redemption.

Forward-looking statements are included, highlighting potential risks and uncertainties.

Community Health Systems, Inc. (NYSE: CYH) has announced the passing of Julia B. North, the Lead Director and a longstanding Board member, on December 9, 2021. Ms. North served on the Board since 2004, contributing significantly to the company's mission of delivering quality healthcare. Wayne T. Smith, Executive Chairman, expressed deep sorrow over her loss, highlighting her leadership and influence within the organization. Community Health Systems, one of the largest publicly traded hospital companies in the U.S., operates 83 affiliated hospitals across 16 states.

Community Health Systems, Inc. (NYSE: CYH) announced the retirement of Executive Vice President and General Counsel Ben Fordham at the end of February 2022. Fordham has been with the company since 2007. Following his retirement, Justin D. Pitt, currently Senior Vice President and Chief Litigation Counsel, will take over as General Counsel. Pitt has been with the company since 2009 and is recognized for his expertise in managing legal matters. The transition is expected to be smooth as both have collaborated closely during Fordham's tenure.

Community Health Systems, Inc. (NYSE:CYH) announced its participation in the BofA Securities Leveraged Finance Conference from November 30 to December 2, 2021. Management will present on December 1, 2021, at 3:45 p.m. Eastern time, with a live audio webcast available at www.chs.net. The company operates 83 hospitals across 16 states, totaling approximately 13,000 licensed beds, making it one of the largest public hospital companies in the U.S. This event provides investors with insights into the company's operations and future direction.

Community Health Systems, Inc. (NYSE:CYH) will participate in the Credit Suisse 30th Annual Virtual Healthcare Conference from November 8-11, 2021. The investor presentation is scheduled for November 8 at 4:20 p.m. Eastern time and will be accessible via a live audio webcast. Community Health Systems operates 83 affiliated hospitals across 16 states, with approximately 13,000 licensed beds, making it one of the largest publicly traded hospital companies in the U.S. More details are available on their website.

Community Health Systems (NYSE: CYH) reported Q3 2021 financial results showing net operating revenues of $3.115 billion, a 0.4% decrease from Q3 2020. Net income attributable to common stockholders was $111 million ($0.85 per share diluted), down from $112 million ($0.97 per share diluted) in the prior year. Adjusted EBITDA rose 11.8% to $482 million. Notably, pandemic relief funds positively impacted net income by approximately $14 million and Adjusted EBITDA by $19 million. Admissions showed a decrease of 5.5%, while same-store admissions increased by 2.8% for the quarter. Total cash provided by operations plunged 69.2% to $121 million.

Community Health Systems (NYSE:CYH) will webcast its Q3 2021 Conference Call on October 28, 2021, at 10:00 a.m. Central time. A press release detailing financial results will be issued on October 27, 2021, after trading closes. The Company, operating 84 hospitals across 16 states with approximately 13,000 licensed beds, will discuss its financial performance for the quarter ending September 30, 2021. Interested parties can join the call via www.chs.net and access a replay for 30 days afterward.

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.