The investigation concerns whether Community Health and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On this news, Community Health's stock price fell $0.33 per share, or 9.48%, to close at $3.15 per share on June 20, 2024. CONTACT: Danielle Peyton Pomerantz LLP dpeyton@pomlaw.com 646-581-9980 ext. 7980 NEW YORK, June 30, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Community Health Systems, Inc. ( ...

Community Health Systems, Inc. (CYH) recently announced an expansion of its partnership with Mark Cuban Cost Plus Drugs Company (Cost Plus Drugs). Under this extended partnership, CYH will source more medications at lower costs for use at its affiliated hospitals. The Cost Plus Drugs Marketplace aims to provide transparent pricing and make drugs cheaper. Hence, it charges only a 15% markup on the actual cost of drugs. CYH is expected to save hundreds or thousands of dollars while purchasing drugs at this lo ...

On June 19, 2024, Community Health issued a press release "provid[ing] an update on the planned divestiture of two North Carolina hospitals[.]" The press release stated that "[o]n June 18, 2024, Novant Health, Inc., a North Carolina non-profit corporation ('Novant'), informed [Community Health] that Novant has decided not to move forward with the acquisition of two North Carolina hospitals. The transactions were contemplated by an Asset Purchase Agreement dated February 28, 2023 (as amended, the 'Purchase A ...

It has been about a month since the last earnings report for Community Health Systems (CYH) . Shares have added about 9.2% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Community Health Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Community Health Q1 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ or Washington, D.C. 20549 Form 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ________ Commission file number 001-15925 COMMUNITY HEALTH SYSTEMS, INC. (Exact name of registrant as specified in its charter) (State or oth ...

Community Health Systems, Inc. (CYH) reported first-quarter 2024 adjusted loss of 14 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 19 cents. The bottom line also improved from the prior year's loss of 43 cents per share.Net operating revenues rose 1% year over year to $3.14 billion in the quarter under review. The top line beat the consensus mark by 1.5%.The strong quarterly results benefited from improved occupancy rates, reimbursement rates and lower contract labor and ...

Community Health Systems, Inc. (NYSE:CYH) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Anton Hie - Vice President, Investor Relations Tim Hingtgen - Chief Executive Officer Kevin Hammons - President and Chief Financial Officer Lynn Simon - President, Healthcare Innovation and Chief Medical Officer Conference Call Participants Jason Cassorla - Citi Brian Tanquilut - Jefferies Ben Hendrix - RBC A.J. Rice - UBS Andrew Mok - Barclays Josh Raskin - Nephron Research Operator Go ...

For the quarter ended March 2024, Community Health Systems (CYH) reported revenue of $3.14 billion, up 1% over the same period last year. EPS came in at -$0.14, compared to -$0.43 in the year-ago quarter.The reported revenue represents a surprise of +1.49% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being -$0.19, the EPS surprise was +26.32%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Community Health Systems (CYH) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 26.32%. A quarter ago, it was expected that this operator of accute care hospitals would post earnings of $0.03 per share when it actually produced a loss of $0.41, delivering a surprise of -1,466.67%.Over the last ...

Exhibit Number 99.1 Investor Contact: Kevin Hammons President and Chief Financial Officer (615) 465-7000 COMMUNITY HEALTH SYSTEMS, INC. ANNOUNCES FIRST QUARTER ENDED MARCH 31, 2024 RESULTS FRANKLIN, Tenn. (April 24, 2024) – Community Health Systems, Inc. (NYSE: CYH) (the "Company") today announced financial and operating results for the three months ended March 31, 2024. Commenting on the results, Tim L. Hingtgen, chief executive officer of Community Health Systems, Inc., said, "We were pleased with our fir ...