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Community Health Systems Inc (CYH) operates acute care hospitals and healthcare facilities across the United States, delivering essential medical services through inpatient care, outpatient centers, and home health agencies. This page provides investors and stakeholders with a comprehensive collection of official news updates and press releases directly impacting CYH's operations and strategic direction.
Access timely information on earnings reports, facility expansions, regulatory developments, and partnership announcements. Our curated feed ensures you stay informed about CYH's role in community-focused healthcare delivery and management consulting services for independent hospitals.
Discover updates categorized for efficient navigation, including financial performance disclosures, operational milestones, and leadership changes. Bookmark this page to monitor how CYH continues to address evolving patient needs while maintaining its position as a leading hospital network operator.
Community Health Systems (NYSE: CYH) reported its Q4 and full-year results for 2022, highlighting net revenues of $3.142 billion, down 2.8% YoY, and a net income of $414 million, or $3.18 per diluted share, compared to $178 million, or $1.34 per share in Q4 2021. Excluding adjustments, net income was $1.50 per share, up from $1.15. Adjusted EBITDA for Q4 was $404 million, marking a 25.2% decline YoY. For the full year, total revenues reached $12.211 billion, a decrease of 1.3%, with a net income of $46 million or $0.35 per diluted share, significantly down from $230 million or $1.76 in 2021. The company is optimistic for 2023, expecting improved operational performance.
Community Health Systems (NYSE:CYH) has announced its fourth quarter and year-end 2022 conference call scheduled for February 16, 2023, at 10:00 a.m. Central time. A press release disclosing financial results will be issued on February 15, 2023, after market close. The live webcast will be available at www.chs.net, with a replay accessible for 30 days post-call. Community Health Systems operates 79 hospitals and over 1,000 care sites, serving 45 markets across 16 states, making it one of the largest healthcare providers in the U.S.
Community Health Systems, Inc. (NYSE: CYH) has completed the divestiture of the 122-bed Greenbrier Valley Medical Center in Ronceverte, West Virginia. This transaction, which includes associated assets and outpatient services, became effective on January 1, 2023. The divestiture was referenced during the company's third quarter 2022 earnings call as part of potential transactions. Community Health Systems operates 79 affiliated hospitals across 16 states, providing a wide range of healthcare services.
Community Health Systems (NYSE:CYH) announced that Wayne T. Smith will retire as Executive Chairman effective January 1, 2023. He will remain as non-executive Chairman. This change is part of a leadership succession plan initiated in January 2021. Smith has been pivotal in transforming the company into a major healthcare provider, overseeing its growth to over 80 acute-care hospitals and 1,000 outpatient sites in 16 states over nearly 26 years of leadership. Tim L. Hingtgen continues as CEO, appreciating Smith's significant contributions.
Community Health Systems, Inc. (NYSE:CYH) will participate in the BofA Securities 2022 Leveraged Finance Conference from November 28 to 30, 2022, in Boca Raton, Florida. Management will present on November 30 at 10:50 a.m. Eastern time, with a live audio webcast available for investors via their website. Community Health Systems is a leading healthcare provider operating 81 hospitals and over 1,000 care sites across 16 states, with headquarters in Franklin, Tennessee.
Community Health Systems, Inc. (NYSE:CYH) will participate in the Credit Suisse 31st Annual Global Healthcare Conference from November 7-10, 2022, at Terranea Resort, Rancho Palos Verdes, California. The investor presentation is scheduled for November 10th at 12:25 p.m. Central Time, with a live audio webcast available on the company's investor relations website. Community Health Systems, one of the nation's largest healthcare providers, operates 81 affiliated hospitals and over 1,000 care sites across 47 markets in 16 states.
Community Health Systems reported a net loss of $(42) million, or $(0.32) per share, for Q3 2022, a significant decline from a net income of $111 million, or $0.85 per share, in Q3 2021. The company's net operating revenues reached $3.025 billion, reflecting a 2.9% decrease year-over-year, mainly due to reduced admissions and the impact of Hurricane Ian, which resulted in an estimated loss of $10 million. Adjusted EBITDA stood at $400 million, down 17% from the previous year, indicating continued challenges in operating performance.
Community Health Systems (NYSE:CYH) will host a third quarter 2022 conference call on October 27, 2022, at 10:00 a.m. Central time. The company will release its financial results on October 26, 2022, after market close. Interested parties can access the live webcast at www.chs.net, with a replay available for 30 days post-call. Community Health Systems operates 83 hospitals and over 1,000 care sites across 16 states, making it one of the largest healthcare providers in the nation.
Community Health Systems (CYH) reported a net operating revenue of $2.934 billion for Q2 2022, a 2.4% decrease from Q2 2021. The company faced a net loss of $(326) million, or $(2.52) per share, a stark contrast to a net income of $6 million, or $0.04 per share, the previous year. Adjusted EBITDA fell to $253 million, down 44.2% year-over-year. Admissions dropped by 3.4% and adjusted admissions by 0.4%. Despite challenging operational dynamics and significant costs, the company plans strategic initiatives to address these issues and capitalize on growth opportunities.
Community Health Systems, Inc. (NYSE:CYH) will host a webcast for its second quarter 2022 conference call on July 28, 2022, after releasing financial results on July 27. The conference call is set to begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). A live webcast will be available on the company's website, followed by a replay for 30 days. Community Health Systems operates 83 hospitals and over 1,000 care sites across 16 states, providing extensive healthcare services. For more information, visit www.chs.net.
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