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Community Health Systems Inc (CYH.N)

CYH.N on New York Stock Exchange

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22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Community Health Systems, Unit Enter Asset-Based Loan Credit Agreement
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Community Health Systems Inc ::COMMUNITY HEALTH SYSTEMS - ON APRIL 3, CO, UNIT, ENTERED INTO AN ASSET-BASED LOAN CREDIT AGREEMENT - SEC FILING.COMMUNITY HEALTH SYSTEMS-LENDERS EXTENDED TO UNIT A REVOLVING ASSET-BASED LOAN FACILITY IN MAXIMUM AMOUNT OF $1 BLN SUBJECT TO BORROWING BASE CAPACITY.COMMUNITY HEALTH SYSTEMS INC - ABL FACILITY INCLUDES BORROWING CAPACITY AVAILABLE FOR LETTERS OF CREDIT OF $50 MLN.COMMUNITY HEALTH SYSTEMS - CREDIT COMMITMENTS UNDER AGREEMENT DATED AS OF JULY 25, 2007 WERE REDUCED TO $425 MLN UPON EFFECTIVENESS OF ABL FACILITY.COMMUNITY HEALTH SYSTEMS INC - PRINCIPAL AMOUNTS OUTSTANDING UNDER 5-YEAR ABL FACILITY WILL BE DUE AND PAYABLE IN FULL ON APRIL 3, 2023.  Full Article

Community Health Systems Unit Entered Into Fourth Amendment
Monday, 26 Mar 2018 

March 26 (Reuters) - Community Health Systems Inc ::COMMUNITY HEALTH SYSTEMS- ON MARCH 23, CO, UNIT ENTERED INTO FOURTH AMENDMENT, RESTATEMENT AGREEMENT TO AGREEMENT DATED AS OF JULY 25, 2007 -SEC FILING.COMMUNITY HEALTH SYSTEMS - ‍AGREEMENT PERMITS BORROWER TO INCUR DEBT UNDER EITHER ABL FACILITY UP TO $1 BILLION/ MAINTAIN ASSET-BACKED SECURITIZATION PROGRAM​.COMMUNITY HEALTH SYSTEMS INC - ‍REVOLVING CREDIT COMMITMENTS WILL BE REDUCED TO $425 MILLION UPON EFFECTIVENESS OF CONTEMPLATED ABL FACILITY​.  Full Article

Community Health Systems Announces Agreement To Sell Jamestown, Tennessee Hospital To Rennova Health
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Community Health Systems Inc ::COMMUNITY HEALTH SYSTEMS ANNOUNCES DEFINITIVE AGREEMENT TO SELL JAMESTOWN, TENNESSEE HOSPITAL TO RENNOVA HEALTH.COMMUNITY HEALTH SYSTEMS - ‍HOSPITAL INCLUDED IN DEAL IS ONE OF ADDITIONAL PLANNED DIVESTITURES DISCUSSED ON Q3 EARNINGS CALL​.COMMUNITY HEALTH SYSTEMS - CO'S UNITS SIGNED DEAL TO SELL 85-BED TENNOVA HEALTHCARE - JAMESTOWN IN TENNESSEE, & ASSOCIATED ASSETS TO UNITS OF RENNOVA HEALTH.  Full Article

Shanda Group, Affiliates, Hold About 24% Of Community Health Systems Common Stock
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Community Health Systems Inc ::COMMUNITY HEALTH SYSTEMS INC - ON JAN 11, MEMBERS OF SHANDA GROUP FILED AMENDMENT TO SCHEDULE 13D TO DISCLOSE INCREASE IN INVESTMENT IN CO.COMMUNITY HEALTH SYSTEMS INC - SHANDA, TOGETHER WITH AFFILIATES, IS CO'S LARGEST SHAREHOLDER,HOLDS ABOUT 24.0% OF CO'S OUTSTANDING COMMON STOCK.  Full Article

Community Health Systems Announces Definitive Agreement To Sell Dade City, Florida Hospital To Adventist Health System
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Community Health Systems Inc ::COMMUNITY HEALTH SYSTEMS ANNOUNCES DEFINITIVE AGREEMENT TO SELL DADE CITY, FLORIDA HOSPITAL TO ADVENTIST HEALTH SYSTEM.COMMUNITY HEALTH SYSTEMS - HOSPITAL INCLUDED IN THE TRANSACTION IS ONE OF ADDITIONAL PLANNED DIVESTITURES DISCUSSED ON Q3 2017 EARNINGS CALL.  Full Article

Saba Capital reports 6.8 pct passive stake in Community Health Systems
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Saba Capital Management L.P:Saba Capital Management LP reports 6.8 percent passive stake in Community Health Systems Inc as of October 31 - SEC filing.  Full Article

Community Health Systems says ecxpands divestiture plan
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Community Health Systems :Says pursuing sale of hospitals accounting for at least $2 billion of net revenue.Says previous hopsital divestiture plan was for sale of hospitals accounting for at least $1.5 billion of net revenue.Says has signed letters of intent for hospitals accounting for more than $1.2 billion in net revenue.  Full Article

Community Health Systems reports Q3 loss per share $0.98
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Community Health Systems Inc :Community Health Systems Inc announces third quarter 2017 results with net operating revenues of $3.666 billion.Q3 adjusted loss per share $0.77 from continuing operations.Q3 loss per share $0.96 from continuing operations.Q3 loss per share $0.98.Q3 same store sales fell 1.5 percent.Q3 revenue $3.666 billion versus I/B/E/S view $3.7 billion.Q3 earnings per share view $-0.29 -- Thomson Reuters I/B/E/S.Community Health Systems Inc - ‍qtrly on a same-store basis, both admissions and adjusted admissions decreased 2.3 percent, compared with same period 2016.Community Health Systems Inc - sees 2017 total capital expenditures $575 million to $725‍​ million.Community Health Systems Inc - sees 2017 same-store hospital annual adjusted admissions decline down 2.0 % to down 1.5%‍​.Community Health Systems Inc - ‍sees 2017 net operating revenues less provision for bad debts $ 15,800 million to $15,900 million​.Community Health Systems Inc sees 2017 same-store hospital annual adjusted admissions decline 1.5 percent to 2 percent​.Community Health Systems Inc - Hurricanes Harvey and Irma significantly impacted the results of operations for the three months ended September 30, 2017.  Full Article

Community Health Systems completes divestiture of Sebring, Florida hospital
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Community Health Systems Inc :Community Health Systems completes divestiture of Sebring, Florida hospital.  Full Article

Community Health Systems to divest four Pennsylvania hospitals
Tuesday, 14 Mar 2017 

Community Health Systems Inc : Community Health Systems announces definitive agreement to divest four Pennsylvania hospitals .Community Health Systems Inc - four hospitals included in this transaction are part of 25 planned hospital divestitures discussed on company's Q4.  Full Article