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Community Health Systems

Tucson, Tennessee, United States · Health Care, Medical

Community Health Systems, Inc. is one of the nation’s largest healthcare companies. The Company's affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 40 distinct markets across 15 states. CHS subsidiaries own or lease 71 affiliated hospitals with approximately 12,000 beds and operate more than 1,000 sites of care, including physician pra

Key facts

Headquarters
Tucson, Tennessee, United States
Employees
57,000
Industries
Health Care, Medical
Status
Public (CYH)
Website
chs.net
LinkedIn
Company page

Recent activity at Community Health Systems

  • : SEC 8-K (7.01): The filing pertains to Item 7.01, Regulation FD Disclosure, where Community Health Systems, Inc. announced its updated annual earnings guidance for 2026. This updated guidance is based on the company's historical operating performance and current trends, with details included in the press release dated July 22, 2026, which is attached as Exhibit 99.1. The disclosure aims to inform stakeholders about the company's financial outlook and assumptions that are deemed reasonable at this time, emphasizing the strategic implications of the company's operating plan moving forward.
  • : SEC 8-K (2.01): On June 1, 2026, Community Health Systems, Inc. completed the acquisition of substantially all assets of certain subsidiaries related to Northwest Medical Center locations in Arkansas, as per a Purchase Agreement dated March 5, 2026. The Purchaser, Freeman-Oak Hill Health System, executed the transaction for a purchase price of $110 million in cash, with certain liabilities assumed and potential adjustments post-closing. This significant asset acquisition entails various medical centers and outpatient facilities, highlighting strategic expansion and operational focus for CHS in the healthcare market.
  • : SEC 8-K (8.01): On May 6, 2026, Community Health Systems, Inc. announced the early tender results of its cash tender offer, which aims to purchase up to $600,000,000 of its outstanding 4.750% Senior Secured Notes due 2031 and 10.875% Senior Secured Notes due 2032. This transaction involves a significant financial commitment to retire a portion of its debt securities, potentially impacting the company’s capital structure and interest expenses moving forward. The press release detailing this announcement is attached as Exhibit 99.1 to the filing.
  • : SEC 8-K (8.01): On April 22, 2026, Community Health Systems, Inc. announced a tender offer to purchase for cash up to $600,000,000 of its outstanding 4.750% Senior Secured Notes due 2031 and 10.875% Senior Secured Notes due 2032. This strategic move indicates an effort to refinance or manage its liabilities more effectively, which could enhance the company's financial flexibility. The announcement was made by its wholly owned subsidiary, CHS/Community Health Systems, Inc., signaling significant corporate financial maneuvers. A press release detailing this offer was included as Exhibit 99.1.
  • : SEC 8-K (7.01): On April 21, 2026, Community Health Systems, Inc. announced its operating results for the first quarter ended March 31, 2026. This disclosure is made under Item 7.01 of Form 8-K and includes a press release, identified as Exhibit 99.1, which details the company's financial performance during the specified quarter. The announcement is significant as it provides shareholders and the market with updated insights into the company's operational health and strategic direction following the close of Q1 2026.
  • : SEC 8-K (2.01): On April 1, 2026, CHS/Community Health Systems, Inc. completed the acquisition of Crestwood Medical Center and associated outpatient centers from The Health Care Authority of the City of Huntsville, d/b/a Huntsville Hospital Health System. This transaction, resulting from an Asset Purchase Agreement dated January 20, 2026, involved a purchase price of $459 million in cash, subject to post-closing working capital adjustments. This significant acquisition enhances CHS's operational capacity in Huntsville, Alabama, expanding its healthcare service offerings and geographic reach.
  • : Community Health Systems merges with Health Management Associates
  • : SEC 8-K (1.01): On March 5, 2026, CHS/Community Health Systems, Inc., a wholly-owned subsidiary of Community Health Systems, Inc., entered into an Asset Purchase Agreement with Freeman-Oak Hill Health System. Under this agreement, Freeman Health System is set to acquire assets from CHS related to four medical centers in Arkansas, with a total purchase price of $112 million, subject to adjustments. The transaction, which is a significant strategic move for both parties, is anticipated to close in the second quarter of 2026, contingent on certain closing conditions and potential termination if not completed by August 1, 2026. The agreement also includes provisions for indemnification and ancillary agreements for transition services post-closing.
  • : SEC 8-K (7.01): This filing discloses the Company's 2026 annual earnings guidance as announced in a press release dated February 18, 2026. The guidance is grounded in the Company's historical operating performance and current trends, along with other reasonable assumptions detailed in the press release. The press release is attached as Exhibit 99.1 and serves to inform investors about the expected financial performance of the company for the upcoming year, potentially impacting investor decisions and stock performance.
  • : SEC 8-K (5.02): On February 10, 2026, the Board of Directors of Community Health Systems, Inc. approved new compensation arrangements for its Named Executive Officers (NEOs) for the fiscal year 2026. The approved base salaries include $1,250,000 for CEO Kevin J. Hammons, $630,000 for CFO Jason K. Johnson, and $740,000 for Executive VP Kevin A. Stockton. Performance goals for cash incentive compensation were set, allowing Hammons to target an incentive of 215% of his salary. This change follows the organizational shifts that affected previous executives, including the retirement of Tim L. Hingtgen and Lynn T. Simon. The adjustments are part of the ongoing strategy to align executive pay with performance and company goals.

Leadership

  • Jason Johnson, Chief Financial Officer
  • Kevin Hammons, Chief Executive Officer

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Employee benefit plans

Community Health Systems files 22 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.

Community Health Systems in the news

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About Community Health Systems: questions and answers

What does Community Health Systems do?

Community Health Systems, Inc. is one of the nation’s largest healthcare companies. The Company's affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 40 distinct markets across 15 states. CHS subsidiaries own or lease 71 affiliated hospitals with approximately 12,000 beds and operate more than 1,000 sites of care, including physician pra

Where is Community Health Systems headquartered?

Community Health Systems is headquartered in Tucson, Tennessee, United States.

How many employees does Community Health Systems have?

Community Health Systems has about 57,000 employees.

Who leads Community Health Systems?

Kevin Hammons is a Chief Executive Officer at Community Health Systems.

What is the latest news on Community Health Systems?

On Jul 22, 2026, SEC 8-K (7.01): The filing pertains to Item 7.01, Regulation FD Disclosure, where Community Health Systems, Inc. announced its updated annual earnings guidance for 2026. This updated guidance is based on the company's historical operating performance and current trends, with details included in the

Is Community Health Systems a public company?

Yes. Community Health Systems is publicly traded under the ticker CYH.

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