Last $54.28 USD
Change Today +0.84 / 1.57%
Volume 1.5M
CYH On Other Exchanges
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As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

community health systems inc (CYH) Snapshot

Open
$53.70
Previous Close
$53.44
Day High
$55.70
Day Low
$53.70
52 Week High
08/29/14 - $55.70
52 Week Low
04/17/14 - $34.55
Market Cap
6.3B
Average Volume 10 Days
1.1M
EPS TTM
$1.18
Shares Outstanding
115.6M
EX-Date
12/13/12
P/E TM
45.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for COMMUNITY HEALTH SYSTEMS INC (CYH)

community health systems inc (CYH) Related Businessweek News

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community health systems inc (CYH) Details

Community Health Systems, Inc., together with its subsidiaries, provides general and specialized hospital healthcare services to patients in the United States. Its general care hospitals offer a range of inpatient and outpatient medical and surgical services, such as general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services; and skilled nursing and home care services based on individual community needs. The company also provides outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers, ambulatory surgery centers, and home health and hospice agencies. In addition, it offers management and consulting services to non-affiliated general acute care hospitals. As of January 27, 2014, the company owned, leased, or operated 206 affiliated hospitals in 29 states with approximately 31,000 licensed beds. It has a strategic alliance with Cleveland Clinic to enhance the access to healthcare services. Community Health Systems, Inc. was founded in 1985 and is headquartered in Franklin, Tennessee.

69,000 Employees
Last Reported Date: 02/26/14
Founded in 1985

community health systems inc (CYH) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.4M
President and Chief Operating Officer
Total Annual Compensation: $662.0K
Chief Financial Officer, President of Financi...
Total Annual Compensation: $750.0K
President of Division VI Operations
Total Annual Compensation: $612.0K
President of Division V Operations
Total Annual Compensation: $612.0K
Compensation as of Fiscal Year 2013.

community health systems inc (CYH) Key Developments

Community Health Systems, Inc. to Pay $98 Million to Settle Charges of Submitting False Medicare and Medicaid Claims by Systematically Over-Admitting Patients

Community Health Systems, Inc. (CHS) has agreed to pay over $98 million to resolve allegations that it overbilled the federal Medicare and Medicaid systems by unnecessarily admitting patients to more than 100 of its hospitals across the country. Cohen Milstein Sellers & Toll PLLC, along with co-counsel Grant & Eisenhofer and Barrett, Johnson, Martin & Garrison, represented plaintiff-relators Dr. James Doghramji and Sheree Cook in their False Claims Act lawsuit against CHS, one of seven lawsuits resolved by settlement. Dr. Doghramji has served as an emergency room physician at Philadelphia's Chestnut Hill Hospital and Cook worked as a nurse at Heritage Medical Center in Shelbyville, Tenn. In May 2011, they filed United States ex rel. Doghramji v. Community Health Systems Inc. in the U.S. District Court in Nashville, Tenn. The complaint alleged that CHS routinely admitted patients whose conditions were not severe enough to justify admission, and then billed Medicare and Medicaid for those admissions.

Community Health Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Community Health Systems, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net operating revenues totaled $4.779 billion, a 49.8% increase compared with $3.191 billion for the same period in 2013. Income from continuing operations increased to $75 million, or $0.42 per diluted share compared with income from continuing operations of $53 million, or $0.38 per diluted share for the same period in 2013. The results for the three months ended June 30, 2014, include $0.07 per diluted share of expenses related to acquisition and integration expenses from the acquisition of HMA; $0.06 per diluted share of legal expenses related to HMA legal proceedings underlying the contingent value rights ("CVR") agreement; and $0.19 per diluted share of expenses related to accelerating amortization on software to be abandoned. Excluding these expenses, income from continuing operations was $0.74 per diluted share. Net income attributable to the company's common stockholders was $42 million or $0.37 per diluted share compared with net income of $30 million or $0.32 per diluted share for the same period in 2013. Adjusted EBITDA was $677 million compared with $420 million for the same period in 2013, representing a 61.2% increase. Excluding acquisition and integration expenses from the acquisition of HMA and legal expenses related to the HMA legal proceedings underlying the CVR agreement, adjusted EBITDA was $699 million. On a same-store basis, net operating revenues increased 0.4% compared with the same period in 2013. Net cash provided by operating activities was $449 million compared to $252 million reported a year ago. Income from operations was $351 million compared to $219 million reported a year ago. Income from continuing operations before income taxes was $107 million compared to $74 million reported a year ago. Net cash provided by operating activities was $449 million compared to $252 million reported a year ago. Net operating revenues on same store basis were $4,662 million compared to $4,641 million reported a year ago. Net operating revenues for the six months ended June 30, 2014, totaled $8.964 billion, a 38.9% increase compared with $6.453 billion for the same period in 2013. Income from continuing operations decreased to a loss of less than $1.0 million, or $0.39 per diluted share compared with income from continuing operations of $152 million, or $1.27 per diluted share for the same period in 2013. The results for the six months ended June 30, 2014, include $0.37 per diluted share of expenses related to acquisition and integration expenses from the acquisition of HMA; $0.07 per diluted share of legal expenses related to HMA legal proceedings underlying the CVR agreement; $0.41 per diluted share of expenses related to the loss from early extinguishment of debt; $0.14 per diluted share of expenses related to the impairment of software costs taken out of service; and $0.43 per diluted share of expenses related to accelerating amortization on software to be abandoned. Excluding these expenses, income from continuing operations was $1.03 per diluted share. Net loss attributable to the company's common stockholders was $70 million or $0.64 per diluted share compared with net income of $109 million or $1.17 per diluted share for the same period in 2013. Adjusted EBITDA was $1.163 billion compared with $914 million for the same period in 2013, representing a 27.2% increase. Excluding acquisition and integration expenses from the acquisition of HMA and legal expenses related to the HMA legal proceedings underlying the CVR agreement, adjusted EBITDA was $1.241 billion. These results reflect improved operating synergies from the integration of the HMA hospitals and a more favorable operating environment with less weather disruptions than it experienced early in the year. Net cash provided by operating activities was $514 million compared to $309 million reported a year ago. Income from operations was $529 million compared to $509 million reported a year ago. Loss from continuing operations before income taxes was $24 million compared to income of $222 million reported a year ago. Net cash provided by operating activities was $514 million compared to $309 million reported a year ago. Net operating revenues on same store basis were $8,706 million compared to $8,861 million reported a year ago. Purchases of property and equipment were $361 million compared to $295 million reported a year ago. For 2014, the company projects net operating revenues less provision for bad debts of $19,000 million to $19,800 million, adjusted EBITDA of $2,825 million to $2,975 million and income from continuing operations per diluted share of $2.70 to $3.20, interest expense, expressed as a percentage of net operating revenues, of approximately 5.0% to 5.2%; net income attributable to non controlling interests of approximately, expressed as a percentage of net operating revenues, 0.6% to 0.8% and capital expenditures of $975 million to $1,150 million and net cash provided by operating activities, excluding acquisition and integration related cash flow items, cash flows related to the CVR, and settlement of legal contingencies of $1,600 million to $1,800 million.

Community Health Systems, Inc. to Report Q2, 2014 Results on Jul 31, 2014

Community Health Systems, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 31, 2014

 

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CYH Competitors

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CYH

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Valuation CYH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.6x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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