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CHS CEO goes bottom fishing again

NASHVILLE POST By Geert De Lombaerde Community Health Systems Chairman and CEO Wayne Smith has again waded into the open market to buy big blocks of stocks of the company he has run since 1997. Wayne Smith. / Photo courtesy of Nashville Post As CHS shares hit an all-time low early this week,

By | 2019-09-03T12:55:47-05:00 September 3rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , , |0 Comments

Community Health Systems and Quorum Health move forward with hospital sales

By MATT BLOIS The Williamson County hospital chains Community Health Systems and Quorum Health are both moving forward with their plan to sell off hospitals. CHS completed the previously announced sale of two hospitals in Florida in late August. Quorum will move forward with a previously announced plan to sell a California hospitals. Community Health

By | 2019-09-03T12:32:50-05:00 September 3rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments

Quorum and Community Health Systems inching closer to a resolution on shareholder lawsuits

By MATT BLOIS The Williamson County hospital chains Quorum Health and Community Health Systems are inching closer to resolving several shareholder lawsuits related to Quorum’s 2016 spin-off from CHS. In July, Quorum settled a lawsuit filed against CHS and Quorum in Williamson County Court by the firm R2 Investments. The lawsuit alleged the companies underestimated

By | 2019-08-27T13:13:00-05:00 August 27th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments

CHS reports $167M net loss in second quarter

NASHVILLE POST By Kara Hartnett Community Health Systems shares rose about 15 percent Tuesday after the company announced second-quarter results that beat analysts' forecasts — while still posting a multimillion-dollar loss. The Franklin-based health care giant posted a $167 million net loss on revenues of $3.3 billion — a 7.3 percent decrease — in the

By | 2019-08-06T16:25:15-05:00 August 6th, 2019|Categories: Business|Tags: , |0 Comments

CHS completes sale of Lebanon hospital to Vanderbilt, will report financial results this week

By MATT BLOIS The Franklin hospital chain Community Health Systems completed the sale of a Lebanon hospital to the Vanderbilt University Medical Center. The company announced the sale of the 245-bed Tennova Healthcare facility in March. It completed the transaction last week. The company didn’t announce the sale price. On Monday evening, CHS will report

By | 2019-08-05T11:17:01-05:00 August 5th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |0 Comments

Longtime Community Health Systems division president resigns

By MATT BLOIS A division president at Community Health Systems overseeing operations of hospitals in the Eastern U.S. has resigned. Paul Smith joined CHS in 2008. Before overseeing hospitals in Florida, Georgia, Indiana, Missouri, North Carolina, Virginia and West Virginia as division president Smith was a vice president for that division. He worked at another

By | 2019-05-23T15:59:45-05:00 May 23rd, 2019|Categories: Business, BW-Healthcare|Tags: |Comments Off on Longtime Community Health Systems division president resigns

Community Health System will sell two hospitals in Florida

Community Health Systems sold two hospitals in Florida, including Lake Wales Medical Center in Lake Wales, Florida. // Photo courtesy of Lake Wales Medical Center By MATT BLOIS Community Health Systems will sell two hospitals in Florida. The hospital chain based in Franklin had 195 hospitals at the end of 2015, and now that number

By | 2019-05-23T17:34:30-05:00 May 23rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |Comments Off on Community Health System will sell two hospitals in Florida

Community Health Systems will continue to sell hospitals in an effort to become profitable

By MATT BLOIS The Franklin hospital chain Community Health Systems reported a big loss during the first quarter of 2019, but the company plans to keep selling less profitable hospitals in an effort to turn around. Community Health Systems reported a net loss of about $118 million in the first three months of 2019. In

By | 2019-05-01T17:19:29-05:00 May 2nd, 2019|Categories: Business, BW-News|Tags: |Comments Off on Community Health Systems will continue to sell hospitals in an effort to become profitable

Patients at Community Health Systems facilities can now get health records through their iPhones

By MATT BLOIS Patients at Community Health Systems facilities will now be able to access their health records through an application on the iPhone. The iPhone’s default health app allows users to import health data, such as lab results, vaccination histories or allergies, from some medical facilities. Patients select the medical facility where they were

By | 2019-04-19T22:03:54-05:00 April 22nd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |Comments Off on Patients at Community Health Systems facilities can now get health records through their iPhones

Two Franklin healthcare companies refute claims in whistleblowers lawsuit

By MATT BLOIS Two former employees of Franklin-based Community Health Systems have filed a lawsuit claiming that the company defrauded the government of hundreds of millions of dollars through the Electronic Health Record Incentive Program, which is supposed to incentivize hospitals to improve health care records. In a lawsuit filed in January 2018 at a

By | 2019-03-20T12:16:58-05:00 March 20th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |Comments Off on Two Franklin healthcare companies refute claims in whistleblowers lawsuit