$CYH (Community Health Systems, Inc.)

$CYH {{ '2016-10-17T13:31:49+0000' | timeago}} • Announcement

Hospital network $CYH agreed to sell a majority ownership interest in its Home Health division to a subsidiary of $AFAM. The transaction is expected to close in 4Q16.

$CYH {{ '2017-07-12T11:46:04+0000' | timeago}} • Announcement

Hospital operator $CYH said its subsidiaries have signed a definitive agreement to sell Weatherford Regional Medical Center in Texas, and its associated assets, to the subsidiaries of $HCA. The transaction is expected to close later this year. The company is planning to divest a total of 30 hospitals.

$CYH {{ '2017-05-30T22:01:56+0000' | timeago}} • Announcement

$CYH said its subsidiaries have agreed to sell five Pennsylvania hospitals and their associated assets to subsidiaries of Reading Health System. The transaction is expected to close in 3Q17, subject to approvals and conditions. The five hospitals included in this transaction are part of $CYH’s 30 planned hospital divestitures.

$CYH {{ '2017-05-17T11:47:27+0000' | timeago}} • Announcement

$CYH has appointed Thomas Aaron as CFO. Aaron succeeds Larry Cash, who retired on May 16, 2017.

$CYH {{ '2017-05-15T10:47:14+0000' | timeago}} • Announcement

$CYH said its subsidiary CHS/Community Health Systems has closed its tack-on offering of $900MM of 6.250% Senior Secured Notes due 2023 at an issue price of 101.75% of their aggregate principal amount plus accrued interest from March 16, 2017.

$CYH {{ '2017-05-10T13:40:49+0000' | timeago}} • Announcement

$CYH said its subsidiary CHS/Community Health Systems priced a tack-on offering of $900MM of its 6.250% Senior Secured Notes due 2023 at an issue price of 101.75% of their aggregate principal amount plus accrued interest from March 16, 2017. The sale of the Additional Notes is expected to be consummated on or about May 12, 2017.

$CYH {{ '2017-05-09T15:10:34+0000' | timeago}} • Announcement

$CYH said its subsidiary CHS/Community Health Systems plans to make a tack-on offering of $700MM of 6.250% Senior Secured Notes due 2023. The company plans to use the net proceeds of the offering plus available cash on hand to prepay and extinguish the company's Term A Facility and to pay related fees and expenses.

$CYH {{ '2017-05-02T13:48:25+0000' | timeago}} • Announcement

$CYH's subsidiaries closed sale of their ownership interest in two Mississippi hospitals and their associated assets to subsidiaries of Curae Health. Facilities divested are 95-bed Merit Health Gilmore Memorial in Amory and 112-bed Merit Health Batesville in Batesville. The effective date of transaction is May 1, 2017.

$CYH {{ '2017-05-02T13:46:26+0000' | timeago}} • Announcement

$CYH said their subsidiaries have signed a definitive agreement to sell 88-bed Lake Area Medical Center in Lake Charles, Louisiana, and its associated assets to subsidiaries of CHRISTUS Health. The transaction is expected to close in 2Q17.

$HCA {{ '2017-05-02T13:40:19+0000' | timeago}} • Announcement

$HCA agreed to buy two Texas hospitals from subsidiaries of $CYH. The two hospitals are Tomball Regional Medical Center, a 350-bed hospital in the Houston area, and South Texas Regional Medical Center, a 67-bed hospital in Jourdanton, Texas, south of San Antonio. The transaction is expected to close in the summer of 2017.

$CYH {{ '2017-05-01T21:48:55+0000' | timeago}} • Announcement

Hospital network $CYH reported 1Q17 net loss of $199MM, or $1.79 per share, compared to net income of $11MM, or $0.10 per share during 1Q16. The results were impacted by a non-cash expense related to impairment charges. Total operating revenues fell 10.3% YoY were to $4.86Bil from $4.99Bil.

$CYH {{ '2017-05-01T12:31:49+0000' | timeago}} • Announcement

$CYH said subsidiaries of the company have closed the sale of their ownership interest in Stringfellow Memorial Hospital and associated assets to The Health Care Authority of the City of Anniston. The effective date of the transaction is May 1, 2017. $CYH affiliates continue to operate six hospitals in Alabama.

$QHC {{ '2017-04-06T13:33:53+0000' | timeago}} • Announcement

$QHC BoD completed its investigation of certain matters related to the “spin-off” of the company from $CYH in April 2016, which were raised in a letter dated October 12, 2016 from R2 Investments, LDC.

$CYH {{ '2017-03-31T10:51:21+0000' | timeago}} • Announcement

$CYH completed the previously announced cash tender offer by its wholly-owned unit, Community Health Systems, Inc., for any and all of the issuer's outstanding 5.125% Senior Secured Notes due 2018.

$CYH {{ '2017-03-15T11:47:18+0000' | timeago}} • Announcement

$CYH entered into agreements to sell four hospitals, including the 165-bed Carlisle Regional Medical Center, and their assets in Pennsylvania to subsidiaries of PinnacleHealth System. Community Health Systems did not disclose the value of the deal, which is expected to close in the summer of 2017.

$AFAM {{ '2017-03-08T15:51:27+0000' | timeago}} • Announcement

$AFAM expects the $218MM acquisition of the home health and hospice assets of $CYH, completed on Dec. 31, 2016, to add approx. $200MM in revenue, classified in the Visiting Nurse (VN) segment. For 4Q16, VN segment net revenue increased $2MM to $107.5MM.

$CYH {{ '2017-03-08T13:30:48+0000' | timeago}} • Announcement

$CYH subsidiary CHS intends to use the net proceeds from the offering of its senior secured notes due 2023 to purchase and redeem its 5.125% senior secured notes due 2018. The proceeds will also be used to repay $1.445Bil aggregate principal amount of outstanding loans as well as for general corporate purposes.

$CYH {{ '2017-03-08T13:29:25+0000' | timeago}} • Announcement

$CYH subsidiary CHS has priced an offering of $2.2Bil aggregate principal amount of its 6.250% senior secured notes due 2023. The size of the offering was increased by $450MM aggregate principal amount following the initial announcement of the offering. The sale of the notes is expected to close on or about March 16, 2017.

$CYH {{ '2017-03-07T19:52:07+0000' | timeago}} • Announcement

$CYH announced that its unit CHS intends to offer $1.75Bil aggregate principal amount of senior secured notes due 2023. The company intends to use net proceeds to purchase any and all of senior secured notes due 2018 and to repay $1.023Bil aggregate principal amount of certain term loans outstanding under its amended and restated credit facility.

$CYH {{ '2017-03-06T12:06:39+0000' | timeago}} • Announcement

$CYH subsidiaries have agreed to sell 125-bed Stringfellow Memorial Hospital in Anniston, Alabama, to The Health Care Authority of Anniston. The purchase price of $25MM includes assumption of the approx. $13MM facility lease. The transaction is expected to close in 2Q17.

$CYH {{ '2017-03-03T13:40:25+0000' | timeago}} • Announcement

$CYH stated each holder who validly tenders, and does not withdraw its 2018 Notes on or prior to 5:00 pm on March 15, 2017, unless extended, will be entitled to an early tender premium of $30 for each $1,000 principal amount of 2018 Notes. Late tender offer consideration is $984.25 per $1,000 principal amount of 2018 Notes accepted for purchase.

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