Last $48.00 USD
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community health systems inc (CYH) Key Developments

Community Health Systems, Inc. Provides Earnings Guidance for the Three Months and Year Ended December 31, 2014

Community Health Systems, Inc. provided earnings guidance for the three months and year ended December 31, 2014. The company anticipates net operating revenues for the three months ended December 31, 2014, will be approximately $4.9 billion, compared with $3.2 billion for the same period in 2013. Excluding acquisition and integration expenses from the acquisition of Hospital Management Associates, Inc., legal expenses related to the HMA legal proceedings underlying the CVR agreement, and expenses related to other government legal settlements, adjusted EBITDA is expected to be approximately $785 million for the three months ended December 31, 2014, an increase of 71% over adjusted EBITDA of $459 million for the three months ended December 31, 2013, adjusted for expenses related to the HMA acquisition and government settlement and related expenses. Excluding these same adjustments, adjusted EBITDA for the three months ended September 30, 2014 was $751 million. The company anticipates income from continuing operations per share (diluted) to be $1.23 against $0.55 a year ago. The company anticipates net operating revenues for the year ended December 31, 2014, will be approximately $18.6 billion, compared with $12.8 billion for the same period in 2013. Excluding acquisition and integration expenses from the acquisition of HMA, legal expenses related to the HMA legal proceedings underlying the CVR agreement, and expenses related to other government legal settlements, adjusted EBITDA is expected to be approximately $2.777 billion for the year ended December 31, 2014, an increase of 49% over adjusted EBITDA of $1.860 billion for the year ended December 31, 2013, adjusted for expenses related to the HMA acquisition and government settlement and related expenses. The company anticipates income from continuing operations per share (diluted) to be $3.29 against $2.62 a year ago. Net cash provided by operating activities, excluding HMA acquisition and integration related cash flow items, cash flows related to the CVR agreement and settlement of legal contingencies and other related expenses, is expected to be at least $1.725 billion for the year ended December 31, 2014. Net cash provided by operating activities was $1.1 billion for the same period in 2013.

Community Health Systems, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-13-2015 04:30 PM

Community Health Systems, Inc. Presents at 33rd Annual J.P. Morgan Healthcare Conference, Jan-13-2015 04:30 PM. Venue: Westin St. Francis Hotel, San Francisco, California, United States. Speakers: Wayne T. Smith, Chairman and Chief Executive Officer.

Community Health Systems, Inc. Presents at Oppenheimer 25th Annual Healthcare Conference, Dec-10-2014 02:10 PM

Community Health Systems, Inc. Presents at Oppenheimer 25th Annual Healthcare Conference, Dec-10-2014 02:10 PM. Venue: The Crowne Plaza Hotel, New York, New York, United States. Speakers: W. Larry Cash, Chief Financial Officer, President of Financial Services and Director.

Community Health Systems, Inc. Reports Unaudited Consolidated Earnings for the Third Quarter and Nine Months Ended September 30, 2014; Provides Interest Expense Guidance for the Year 2014; Provides Earnings Guidance for the Year 2014

Community Health Systems, Inc. reported unaudited consolidated earnings for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net operating revenues of $4,795 million against $3,174 million a year ago. Income from operations was $371 million against $177 million a year ago. Income from continuing operations before income taxes was $133 million against $35 million a year ago. Income from continuing operations was $93 million or $0.53 per diluted share against $28 million or $0.11 per diluted share a year ago. Net income attributable to stockholders was $62 million or $0.54 per basic and diluted share against $4 million $0.04 per basic and diluted share a year ago. Adjusted EBITDA was $663 million against $382 million a year ago. For the nine months, the company reported net operating revenues of $13,759 million against $9,628 million a year ago. Income from operations was $899 million against $687 million a year ago. Income from continuing operations before income taxes was $109 million against $258 million a year ago. Income from continuing operations was $93 million or $0.16 per diluted share against $180 million or $1.37 per diluted share a year ago. Net loss attributable to stockholders was $8 million or $0.07 per diluted share against net income attributable to company’s stockholders was $113 million $1.21 per diluted share a year ago. Adjusted EBITDA was $1,826 million against $1,297 million a year ago. Net cash provided by operating activities was $639 million against $441 million a year ago. Purchases of property and equipment were $560 million against $421 million a year ago. For the fourth quarter 2014, the company expects interest expense; its cash interest expense will be less by about $135 million. The company provided earnings guidance for the year 2014. For the year, the company expects adjusted EBITDA of $2,825 million to $2,900 million. Income from continuing operations per share - diluted is expected to be $3.05 to $3.30. Capital expenditures are projected to be $975 million to $1,050 million. 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 is projected to be $1,600 million to $1,800 million.

Community Health Systems, Inc. Presents at Credit Suisse Annual Healthcare Conference, Nov-11-2014 09:30 AM

Community Health Systems, Inc. Presents at Credit Suisse Annual Healthcare Conference, Nov-11-2014 09:30 AM. Venue: The Biltmore, 2400 E Missouri Ave, Phoenix, AZ 85016, United States. Speakers: Larry M. Carlton, Senior Vice President of Revenue Management.

 

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Valuation CYH Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 1.4x
Price/Cash Flow 5.3x
TEV/Sales NM Not Meaningful
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