Community Health Systems, Inc. reports developments for a U.S. hospital operator whose subsidiaries own or lease affiliated hospitals and operate outpatient sites of care, including physician practices, urgent care centers, freestanding emergency departments, imaging centers, cancer centers and ambulatory surgery centers. Its news commonly covers financial and operating results, hospital and outpatient portfolio changes, ambulatory surgery center growth, community health initiatives and capital-structure actions involving senior secured notes.
Recurring updates also include debt tender offers and redemptions through CHS/Community Health Systems, Inc., divestitures of hospital assets, conference-call announcements and other material events affecting the company's healthcare delivery network.
Community Health Systems (NYSE: CYH) announced that on February 2, 2026 its wholly owned subsidiary, CHS/Community Health Systems, Inc., completed the partial redemption of $222,500,000 in outstanding principal of its 10.875% Senior Secured Notes due 2032.
After the redemption, the aggregate outstanding principal of the 2032 Notes is $1,780,000,000.
Community Health Systems (NYSE: CYH) completed the divestiture of three Pennsylvania hospitals to affiliates of Tenor Health Foundation, effective Feb 1, 2026. The transaction included $33 million cash plus a $15 million promissory note, with potential additional contingent cash tied to 90-day receivable collections.
The assets sold are Regional Hospital of Scranton (186 beds), Moses Taylor Hospital (122 beds) and Wilkes-Barre General Hospital (369 beds). The definitive agreement was originally announced on October 24, 2025.
Community Health Systems (NYSE: CYH) completed the sale of its 80% ownership interests in two joint ventures that own and operate 270-bed Tennova Healthcare - Clarksville and related ancillary businesses to Vanderbilt University Medical Center for $623 million (before transaction expenses).
The closing was effective February 1, 2026, following a definitive agreement announced October 30, 2025. The company also distributed approximately $23 million of amounts owed to the joint ventures to VUMC subsidiaries. Leerink Partners served as exclusive financial advisor.
Community Health Systems (NYSE: CYH) agreed to sell substantially all assets of 180-bed Crestwood Medical Center in Huntsville, Alabama, plus associated outpatient centers and practices, to Huntsville Hospital Health System for $450 million, subject to net working capital adjustments and any assumed finance leases. The subsidiary-signed definitive agreement anticipates closing in Q2 2026, subject to customary closing conditions. The transaction was identified as an additional potential divestiture referenced during the company’s third-quarter 2025 disclosures. Leerink Partners is acting as exclusive financial advisor for the transaction.
Community Health Systems (NYSE: CYH) announced that on December 15, 2025 its subsidiary completed redemptions of debt securities. The company redeemed $13,749,000 of its 5.625% Senior Secured Notes due 2027 and $222,500,000 of its 10.875% Senior Secured Notes due 2032. After these redemptions, the aggregate outstanding principal of the 2032 Notes is $2,002,500,000.
Community Health Systems (NYSE: CYH) appointed Kevin Hammons as chief executive officer and Jason Johnson as chief financial officer, effective immediately on December 10, 2025.
Both executives had served in these roles on an interim basis since October 1, 2025. Hammons was also appointed to the company's Board. Hammons joined CHS in 1997 and previously served as CFO (January 2020) and led the recent enterprise resource planning (ERP) implementation. Johnson joined CHS in 2012 and had served as chief accounting officer since 2019. Company leadership highlighted continuity, clinical and operational priorities, and a focus on advancing patient care and financial progress.
Labcorp (NYSE: LH) completed the acquisition of select ambulatory outreach laboratory assets from Community Health Systems subsidiary CHS for approximately $194 million in cash on December 2, 2025.
The sale covers outreach lab services, certain patient service centers and in‑office phlebotomy locations in 13 states. CHS will continue to operate inpatient and emergency department laboratories and hospital-based lab services. Labcorp said the transaction expands access to its specialty testing menu, data analytics and digital tools for CHS‑affiliated patients and providers.
Community Health Systems (NYSE:CYH) said management will participate in a fireside chat at the UBS Global Healthcare Conference running November 10–12, 2025. The presentation is scheduled for 9:30 a.m. ET / 8:30 a.m. CT on Tuesday, November 11, 2025 and will be accessible to investors via a live audio webcast. A replay will be available via the investor relations section of the company's website at www.chs.net.
Community Health Systems (NYSE: CYH) agreed to sell its 80% ownership interests in two joint ventures that own and operate 270-bed Tennova Healthcare - Clarksville and related ancillary businesses to subsidiaries of Vanderbilt University Medical Center for $600 million, subject to net working capital and other adjustments.
The buyer currently holds a minority interest and will acquire the remaining stakes. The transaction is expected to close in early 2026, subject to customary regulatory approvals and closing conditions. Leerink Partners is acting as exclusive financial advisor. The sale was listed among additional potential divestitures discussed on CYH's Q3 2025 earnings call.
Community Health Systems (NYSE: CYH) entered a definitive agreement to sell three Pennsylvania hospitals — Regional Hospital of Scranton (186 beds), Moses Taylor Hospital (122 beds) and Wilkes-Barre General Hospital (369 beds) — to affiliates of Tenor Health Foundation.
The transaction is subject to customary regulatory approvals and closing conditions and is contingent on Tenor finalizing funding. Once funding is secured, the sale is expected to close very soon thereafter, within the fourth quarter of 2025. Terms were not disclosed. The hospitals were previously identified as potential divestitures on CHS's third-quarter 2025 earnings call. CHS worked with state officials after a prior divestiture to WoodBridge Healthcare was terminated in November 2024.