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In 2013, Community Health Systems entered into an agreement with Health Management Associates to purchase HMA for about $3.6 billion in cash and stock. [22] The merger was completed in January 2014 and made Community Health Systems the largest for-profit hospital operator at the time, [23] with 206 hospitals in 29 states. [24]
Over the past 12 months, Community Health Systems generated $511.3 million cash while it booked net income of $265.6 million. That means it turned 3.9% of its revenue into FCF. That sounds OK.
Triad Hospitals was a hospital operator based in Plano, Texas. Spun off from Hospital Corporation of America in 1999, it acquired Quorum Health Group in 2000 to become the third-largest investor-owned hospital group. [1][2] It was merged into Community Health Systems in 2007. In February 2007 it received a merger/buyout offer from Goldman Sachs ...
A 2009 study in five states found that medical debt contributed to 46.2% of all personal bankruptcies, and 62.1% of bankruptcy filers claimed high medical expenses in 2007. [56] Since then, health costs and the numbers of uninsured and underinsured have increased. [57]
Margins matter. The more Community Health Systems (NYS: CYH) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...
May 6, 2024 at 3:45 PM. BROCKTON — Steward Health Care, the operator of eight Massachusetts hospitals, filed for Chapter 11 bankruptcy protection early Monday morning, according to a statement ...
hide. The community health center (CHC) in the United States is the dominant model for providing integrated primary care and public health services for the low-income and uninsured, and represents one use of federal grant funding as part of the country's health care safety net. The health care safety net can be defined as a group of health ...
Steward Health Care, the operator of the third largest hospital system in Massachusetts, filed for Chapter 11 bankruptcy in Texas, seeking the legal protection to restructure its debt while ...