$CYH (Community Health Systems, Inc.)

$CYH {{ '2016-09-29T12:22:56+0000' | timeago}} • Announcement

$CYH said that its subsidiaries have signed an agreement to sell four hospitals and their associated assets to subsidiaries of Curae Health, Inc. The proceeds will be used to pay down the debt. The transaction is expected to close in 4Q16.

$CYH {{ '2017-12-14T13:11:35+0000' | timeago}} • Announcement

$CYH elected Michael Dinkins and Ranga Krishnan to the Board of Directors for terms that will expire at the 2018 Annual Meeting of Stockholders. As part of a settlement in a derivative action lawsuit finalized in January 2017, the company sought the names of prospective candidates for the BoD from its stockholders.

$CYH {{ '2017-10-02T11:51:11+0000' | timeago}} • Announcement

$CYH completed the sale of Weatherford Regional Medical Center in Weatherford, Texas, and its associated assets to subsidiaries of $HCA, effective October 1, 2017.

$CYH {{ '2017-09-29T21:37:49+0000' | timeago}} • Announcement

$CYH announced that subsidiaries of the company have completed the divestiture of five Pennsylvania hospitals and their associated assets to subsidiaries of Reading Health System. The effective date of the transaction is October 1, 2017.

$CYH {{ '2017-07-27T12:33:35+0000' | timeago}} • Announcement

Hospital operator $CYH said it expects 2Q17 operating revenue to be about $4.1Bil, lower than $4.6Bil recorded last year. The company sees a net loss of $137MM or $1.22 per share for the quarter, compared to the $1.431Bil loss recorded in 2Q16. Adjusted EBITDA is estimated at $435MM, compared to $563MM a year earlier.

$CYH {{ '2017-07-24T10:52:14+0000' | timeago}} • Announcement

$CYH's subsidiaries agreed to sell 126-bed Highlands Regional Medical Center in Sebring, Florida, and its associated assets to subsidiaries of $HCA. The transaction is expected to close in the fall of 2017.

$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.

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