Shares of Community Health Systems, Inc. (CYH) have lost 16.4% in the past six months, underperforming the industry’s decline of 3.8% due to several challenges being faced by the hospital industry. Peers like Acadia Healthcare Company, Inc. (ACHC) and Tenet Healthcare Corporation (THC) have moved down 32.8% and 2.6%, respectively, during this time.Meanwhile, the S&P 500 index has experienced growth of 6.3%, highlighting the stark difference in performance. CYH has moved up 23.5% at this point from its 52-we ...

U.S. hospital company Community Health Systems, Inc. (CYH) recently announced that its subsidiary has agreed to divest the Lake Norman Regional Medical Center, along with related businesses, to Duke Health. The deal is valued at around $280 million.The 123-bed facility is located in Mooresville, NC. The deal is expected to complete in the first quarter of 2025. This transaction aligns with CYH's ongoing strategy, as the hospital was previously identified as a potential divestiture during the company's third ...

Community Health Systems Inc CYH shares are trading lower by 7% to $3.38 Thursday afternoon. The company announced a definitive agreement to sell its North Carolina Hospital to Duke Health for approximately $280 million.What Else: Community Health Systems announced that a subsidiary has entered a definitive agreement to sell the 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses to Duke Health for approximately $280 million, pending adjustments. The transaction, expecte ...

Community Health Systems, Inc. (CYH) unveiled that some of its subsidiaries signed a definitive deal to divest Florida-based ShorePoint Health Port Charlotte, along with specific assets of ShorePoint Health Punta Gorda situated in the Punta Gorda city of the state, and related ancillary businesses. The buyer, subsidiaries of Adventist Health System Sunbelt Healthcare Corporation, will acquire these aforementioned assets for $265 million in cash, subject to adjustments for net working capital and other facto ...

It has been about a month since the last earnings report for Community Health Systems (CYH) . Shares have lost about 11.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Community Health Systems due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Community Health Q3 ...

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Community Health Systems, Inc. (NYSE:CYH) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Anton Hie - Vice President of Investor Relations Tim Hingtgen - Chief Executive Officer Kevin Hammons - President and Chief Financial Officer Miguel Benet - Executive Vice President, Clinical Operations Conference Call Participants Brian Tanquilut - Jefferies A.J. Rice - UBS Andrew Mok - Barclays Ben Hendrix - RBC Capital Markets Stephen Baxter - Wells Fargo Joshua Raskin - Nephron Re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ | --- | --- | |---------------------------------------------------------------------------------------|------------------------- ...

Community Health Systems, Inc. (CYH) reported a third-quarter 2024 adjusted loss of 30 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 16 cents. However, the bottom line improved from the prior-year loss of 33 cents per share.Net operating revenues rose 0.1% year over year to $3.1 billion in the quarter under review. The top line beat the consensus mark by a whisker.The quarterly earnings suffered from lower admissions, patient days, and higher salaries and benefits expenses. ...

Community Health Systems (CYH) reported $3.09 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.1%. EPS of -$0.30 for the same period compares to -$0.33 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +0.25%. The company delivered an EPS surprise of -87.50%, with the consensus EPS estimate being -$0.16.While investors scrutinize revenue and earnings changes year-over-year and how they com ...