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COMMUNITY HEALTH SYSTEMS (CYH)

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Earnings summaries and quarterly performance for COMMUNITY HEALTH SYSTEMS.

Recent press releases and 8-K filings for CYH.

Community Health Systems Completes Senior Secured Notes Redemptions
CYH
Debt Issuance
  • On December 15, 2025, Community Health Systems, Inc. completed the redemption of $13,749,000 in outstanding principal amount of its 5.625% Senior Secured Notes due 2027.
  • The company also redeemed $222,500,000 in outstanding principal amount of its 10.875% Senior Secured Notes due 2032, resulting in an aggregate outstanding principal amount of $2,002,500,000 for the 2032 Notes.
Dec 15, 2025, 9:15 PM
Community Health Systems Announces Redemption of Senior Secured Notes
CYH
Debt Issuance
  • Community Health Systems, Inc. (CYH), through its wholly owned subsidiary, CHS/Community Health Systems, Inc., completed the redemption of $13,749,000 in outstanding principal amount of its 5.625% Senior Secured Notes due 2027.
  • The subsidiary also redeemed $222,500,000 in outstanding principal amount of its 10.875% Senior Secured Notes due 2032.
  • These redemptions were completed on December 15, 2025.
Dec 15, 2025, 9:15 PM
Community Health Systems Appoints Kevin Hammons as CEO and Jason Johnson as CFO
CYH
CEO Change
CFO Change
Management Change
  • Kevin J. Hammons was appointed Chief Executive Officer and a member of the Board of Directors of Community Health Systems, Inc., effective December 10, 2025.
  • Jason K. Johnson was appointed Executive Vice President and Chief Financial Officer, effective December 10, 2025.
  • Phillip A. Posey was appointed Senior Vice President and Chief Accounting Officer, effective January 1, 2026, taking over from Mr. Johnson.
Dec 10, 2025, 9:30 PM
Community Health Systems completes sale of laboratory assets
CYH
M&A
New Projects/Investments
Earnings
  • Community Health Systems, Inc. (CYH) completed the sale of select assets of its ambulatory outreach laboratory services to Labcorp on December 1, 2025.
  • The transaction was completed for approximately $194 million in cash, before certain transaction expenses.
  • This sale is expected to result in an estimated pre-tax gain of $107 million ($80 million after tax).
  • The strategic divestiture aims to provide broader access to high-quality testing and laboratory services for patients and providers, while allowing CHS-affiliated health systems to focus on core services.
Dec 2, 2025, 9:44 PM
Community Health Systems Discusses Q3 Volumes, Divestitures, and Deleveraging at UBS Conference
CYH
M&A
Guidance Update
New Projects/Investments
  • Community Health Systems (CYH) expects $20 million-$40 million in savings this year and $30 million-$50 million next year from its fully operational ERP system, which became active on January 1st.
  • The company anticipates total proceeds from recent divestitures to approach $1 billion, including $35 million for Pennsylvania hospitals, $600 million for Clarksville, $190 million for outreach lab services, and a $90 million contingent payment.
  • CYH's primary use of cash flow is to delever the company, aiming to reduce its leverage from 6.7x at the Q2 exit to the mid-5x range in the next few years.
  • Professional fees are projected to be up 7% for the full year, with guidance of 8-10%, representing about 5.4% of revenues, while nursing wage increases are expected to be around 4%.
  • The company is seeing a rebound in volumes in the third quarter after a Q2 disruption, though surgery volumes are expected to remain soft through the end of the year, particularly in elective outpatient areas for commercially insured patients.
Nov 11, 2025, 2:30 PM
Community Health Systems Announces Definitive Agreement to Sell Ownership Interests in Clarksville Hospital
CYH
M&A
New Projects/Investments
  • Subsidiaries of Community Health Systems, Inc. (CYH) have entered into a definitive agreement to sell their 80% ownership interests in two joint ventures.
  • These joint ventures own and operate the 270-bed Tennova Healthcare - Clarksville and certain ancillary businesses located in Clarksville, Tennessee.
  • The buyer is Vanderbilt University Medical Center (VUMC), which currently holds a minority ownership interest in these joint ventures.
  • The total purchase price for the transaction is $600 million, subject to certain net working capital and other adjustments.
  • The transaction is expected to close in early 2026, subject to customary regulatory approvals and closing conditions.
Oct 30, 2025, 9:36 PM
CYH Announces Definitive Agreement to Sell Clarksville Hospital Interests
CYH
M&A
  • Community Health Systems (CYH) subsidiaries have entered into a definitive agreement to sell their 80% ownership interests in two joint ventures, which own and operate the 270-bed Tennova Healthcare - Clarksville and certain ancillary businesses, to subsidiaries of Vanderbilt University Medical Center (VUMC).
  • The sale price for these ownership interests is $600 million, subject to certain net working capital and other adjustments.
  • The transaction is expected to close in early 2026, pending customary regulatory approvals and closing conditions, and is part of additional potential divestitures previously discussed by the Company.
Oct 30, 2025, 8:30 PM
Community Health Systems Announces Sale of Three Pennsylvania Hospitals
CYH
M&A
  • Tenor Health Foundation has signed a definitive agreement to acquire three hospitals in Northeastern Pennsylvania from Community Health Systems (CHS): Wilkes-Barre General Hospital, Regional Hospital of Scranton, and Moses Taylor Hospital, along with associated clinics.
  • The acquisition, which includes a combined bed capacity of 677 beds, is contingent on regulatory approval and Tenor finalizing its funding, with a closing anticipated by the fourth quarter of 2025.
  • This transaction follows a failed deal with WoodBridge Healthcare in November 2024 and addresses ongoing financial challenges faced by Community Health Systems.
Oct 25, 2025, 1:40 AM
CYH Announces Definitive Agreement to Sell Three Pennsylvania Hospitals
CYH
M&A
  • Community Health Systems (CYH) has entered into a definitive agreement to sell three Pennsylvania hospitals and certain related businesses to affiliates of Tenor Health Foundation.
  • The hospitals involved in the sale are the 186-bed Regional Hospital of Scranton, 122-bed Moses Taylor Hospital, and 369-bed Wilkes-Barre General Hospital.
  • The transaction is contingent on Tenor Health Foundation finalizing funding and is expected to close within the fourth quarter this year.
  • The specific terms of the agreement are not being disclosed.
Oct 24, 2025, 9:30 PM
Community Health Systems Reports Strong Q3 2025 Revenue Growth and Updates Full-Year Guidance
CYH
Earnings
Guidance Update
Debt Issuance
  • Community Health Systems (CYH) reported a 6% year-over-year increase in net revenue for Q3 2025, with adjusted EBITDA reaching $376 million, or $348 million when excluding a $28 million gain from a legal settlement.
  • The company tightened its full-year 2025 adjusted EBITDA guidance to a range of $1.50 billion-$1.55 billion and anticipates achieving positive free cash flow for the full year 2025 after adjusting for cash taxes on divestiture gains.
  • Leverage at quarter-end decreased to 6.7 times from 7.4x at year-end 2024, following the refinancing of substantially all 2027 maturities with $1.79 billion in new senior secured notes due 2034.
  • Same-store net revenue per adjusted admission grew 5.6% year-over-year, driven by rate growth and state-directed payments, while same-store inpatient admissions increased 1.3% and outpatient surgeries declined 2.2%.
  • CYH plans to focus future capital investments on expanding access points, including opening three ambulatory surgery centers in Q4 2025 and targeting six to eight more in 2026, along with additional freestanding emergency departments.
Oct 24, 2025, 3:00 PM