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In April–July 2017, Community Health Systems rejected overtures from key Lutheran Health Network doctors to facilitate sale of its profitable network in CHS to a third party, after assertions of continual lack of re-investment into the network's facilities and staff by CHS management.
Mar 1, 2024 · On February 21, 2024, Community Health disclosed that on “January 11, 2024, we received a Civil Investigative Demand from the Department of Justice for documents and information relating to a...
Community Health Systems (NYSE:CYH) said Friday that a federal judge in Tennessee has given preliminary approval for a proposed settlement of stockholder derivative litigation that had been...
Dec 15, 2017 · Just three years ago, Community Health Systems was the largest for-profit operator of hospitals with more than 200 facilities scattered in rural and suburban areas with growing populations. Now, the company is hemorrhaging money, sitting atop a mountain of debt and teetering on the edge of bankruptcy — all major reasons why CHS has lost ...
Mar 17, 2023 · Community Health Systems Inc. avoided part of a bankruptcy-court lawsuit alleging it defrauded creditors when it collected a $1.2 billion dividend from its spinoff of rural health operator...
Jul 26, 2021 · Community Health Systems is on the tail end of a corporate downsizing that shrank the company from more than 200 hospitals down to 84. The sell-off helped stabilize the company after taking...
Oct 26, 2021 · Credit Suisse Group AG and Community Health Systems Inc. have been sued over the 2020 bankruptcy of Quorum Health Corp., facing allegations that their actions burdened the hospital...
