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Community Health Systems closes sale of four Arkansas hospitals for $110M cash to Freeman Health System
Sold Northwest Medical Center Bentonville, Springdale, Willow Creek Women's, and Siloam Springs Regional hospitals plus outpatient centers for $110M, subject to working capital adjustments.
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CHS launches $600M tender offer for 2031 and 2032 senior secured notes
Tender offer for up to $600M aggregate purchase price of 4.750% notes due 2031 (cap $350M) and 10.875% notes due 2032 (cap $250M).
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Community Health Systems Q1 net loss widens to $58M; same-store admissions down 1.3%
Net loss attributable to stockholders $(58)M ($0.43 diluted) vs $(13)M ($0.10) a year ago.
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Community Health Systems completes $459M divestiture of Crestwood Medical Center to Huntsville Hospital
Purchase price of $459M cash; transaction closed April 1, 2026.
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Community Health Systems signs definitive agreement to sell four Arkansas hospitals to Freeman Health System for $112M
Asset sale includes 128-bed Bentonville, 222-bed Springdale, 64-bed Willow Creek Women's, and 73-bed Siloam Springs hospitals plus outpatient centers.
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Community Health Systems Q4 net income $110M, revenue -4.9%; divests hospitals for over $600M
Q4 net income $110M ($0.81 diluted) vs net loss $70M ($0.53 loss) in Q4 2024; adjusted EPS $0.00.
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Community Health Systems completes sale of Clarksville hospital to Vanderbilt for $623M
Sold 80% ownership interests in joint ventures operating Tennova Healthcare-Clarksville (270 beds) and ancillary businesses to VUMC for $623M cash.
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Community Health Systems sells Crestwood Medical Center to Huntsville Hospital for $450M
Asset price of $450M, subject to net working capital adjustment and any finance leases assumed by buyer.
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CHS appoints Kevin Hammons as CEO and Jason Johnson as CFO, effective immediately
Kevin Hammons appointed CEO and board member; previously interim CEO and CFO since Jan 2020.
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Community Health Systems closes sale of outreach lab assets to Labcorp for $194M cash
Completion of sale of ambulatory outreach laboratory assets to Labcorp for ~$194M cash, before transaction expenses.
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Community Health Systems to sell 80% stake in Clarksville hospital to Vanderbilt for $600M
Sale of 80% ownership in joint ventures operating 270-bed Tennova Healthcare - Clarksville and ancillary businesses.
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Community Health Systems Q3 adjusted EPS $1.27 vs -$0.30 YoY; same-store revenue +6%
Net revenues $3.087B (flat YoY); same-store revenues up 6.0%.
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Community Health Systems CEO Tim Hingtgen retires, gets $33K/month consulting deal
CEO Tim Hingtgen retired effective Sept 30, 2025; succeeded by Interim CEO Kevin Hammons.
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CHS issues $1.79B of 9.75% senior secured notes due 2034 to refinance 2027 notes
Issued $1.79B aggregate principal of 9.750% Senior Secured Notes due 2034.
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CHS upsizes debt offering to $1.79B at 9.75%; tenders for all $1.757B of 5.625% 2027 notes
Offering of $1,790M 9.750% Senior Secured Notes due 2034, up $290M from initial announcement.
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CYH Q2 GAAP net income $282M vs loss; adjusted EPS -$0.05; sells lab assets for $195M
Q2 net operating revenues $3.133B, down 0.2% YoY; same-store rev +6.5%.
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CHS CEO Tim Hingtgen to retire Sept 30; Hammons named interim CEO, Johnson interim CFO
Tim Hingtgen to retire as CEO and director effective Sept 30, 2025; expected to enter consulting agreement.
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CHS sells select outreach lab assets to Labcorp for $195M; Q4 2025 close
Labcorp acquires select ambulatory outreach lab assets and leases across 13 states for $195M cash.
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CHS completes sale of 80% stake in Cedar Park Regional Medical Center to Ascension for $436M
Cash proceeds of $436M (subject to post-close adjustment) from divestiture of Joint Venture interest in Texas hospital.
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CHS issues $700M 10.75% notes due 2033; uses proceeds to redeem 8% notes due 2027
Issued $700M 10.750% Senior Secured Notes due 2033, closed May 9, 2025.
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Community Health Q1 net loss narrows to $13M; same-store admissions up 4%; announces $460M hospital sale
Net loss attributable to stockholders of $(13)M, or $(0.10) diluted, improved from $(41)M ($0.32 loss) in Q1 2024.
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CHS issues $700M 10.75% Senior Secured Notes due 2033 to refinance 8% 2027 notes
$700M aggregate principal of 10.750% Senior Secured Notes due 2033 sold via private placement.
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CHS subsidiary launches tender offer for $625.9M 6.875% notes due 2028; holder with 82% commits to tender
Tender offer for any and all $625.9M 6.875% Senior Unsecured Notes due 2028.
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Community Health Systems to sell 80% stake in Cedar Park Regional Medical Center for $460M
Purchase price of $460M in cash for 80% ownership interest in Texas hospital.
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Community Health Systems completes $284M sale of Lake Norman hospital to Duke Health
Sale of Lake Norman Regional Medical Center and related businesses to Duke University Health System closed April 1, 2025.
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Community Health Systems completes divestiture of Florida hospitals to AdventHealth for $260M
Sale of ShorePoint Health Port Charlotte and certain assets of Punta Gorda to AdventHealth closed March 1, 2025.
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Community Health Systems Q4 net loss $70M; adjusted EBITDA up to $428M; same-store admissions +3.4%
Net loss $(70)M ($0.53 diluted); adjusted EPS $(0.42) vs $(0.41) prior year.
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Community Health Systems agrees to sell Lake Norman Regional Medical Center to Duke Health for $280M
Asset sale price of approximately $280 million, subject to net working capital and lease adjustments.
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CHS terminates sale of three Pennsylvania hospitals after buyer fails to secure bond financing
WoodBridge could not satisfy funding requirements due to bond issuance developments; no termination fee payable.
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Community Health Systems sells two Florida hospitals to AdventHealth for $265M
Asset sale includes ShorePoint Health Port Charlotte and certain assets of ShorePoint Health Punta Gorda.
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Community Health Systems Q3 net loss widens to $391M; same-store revenue up 5.1%
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).
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Community Health Systems completes sale of Tennova Healthcare-Cleveland for $160M
Base purchase price of $160M in cash received at preliminary closing on July 31, 2024.
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Community Health Systems agrees to sell three Pennsylvania hospitals for $120M
Acute care hospitals sold: Regional Hospital of Scranton (186 beds), Moses Taylor Hospital (122 beds), Wilkes-Barre General Hospital (369 beds).
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Community Health Systems reports narrower Q2 net loss and higher adjusted EBITDA
Net loss narrowed to $(13)M from $(38)M year-over-year; adjusted EBITDA rose to $387M from $373M
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Community Health Systems terminates sale of two N.C. hospitals after FTC appeal blocks deal
Novant Health terminated Asset Purchase Agreement for Lake Norman Regional Medical Center (123 beds) and Davis Regional Psychiatric Hospital (144 beds) on June 18, 2024.
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CHS issues $1.225B add-on 10.875% notes due 2032, redeems $1.116B 8.000% notes due 2026
Issued $1.225B aggregate principal of 10.875% Senior Secured Notes due 2032 (Tack-On Notes) under existing indenture.
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CHS prices $1.225B tack-on 10.875% notes due 2032; conditional redemption of 8% notes due 2026
Priced $1.225B add-on to outstanding 10.875% Senior Secured Notes due 2032 at 102% of par, total now $2.225B outstanding.
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Community Health Systems announces $1.125B tack-on of 10.875% notes due 2032 to redeem 8% notes due 2026
Issuer offering $1.125B additional 10.875% Senior Secured Notes due 2032, bringing total to $2.125B outstanding.
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Community Health Systems Q1 net loss narrows to $0.32/diluted share; adjusted EBITDA up 12.8% to $378M
Net operating revenues $3.140B, up 1.0% YoY; same-store revenue up 5.7%.
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CHS to sell Tennova Healthcare-Cleveland to Hamilton Health Care for $160M cash
Total base purchase price $160M in cash, subject to net working capital and other adjustments.