secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000950170-24-116674
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Health Systems Q3 net loss widens to $391M; same-store revenue up 5.1%
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- Net loss attributable to shareholders $(391)M ($2.95 per diluted share) vs $(91)M in Q3 2023; adjusted loss per share $(0.30) vs $(0.33).
- Adjusted EBITDA $347M vs $360M in prior year; net operating revenues $3.09B (+0.1% total, +5.1% same-store).
- Same-store admissions +2.4%, adjusted admissions +2.6%; total admissions -4.1% reflecting divestitures.
- Hurricane Helene caused ~$7M pre-tax loss in Q3; expects insurance to cover substantially all costs.
- Extinguished $143M of 5.625% Senior Secured Notes due 2027 via open market repurchases using cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024116674/0000950170-24-116674-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024116674/cyh-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116674

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer