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Last $52.95 USD
Change Today +0.31 / 0.59%
Volume 140.8K
CYH On Other Exchanges
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As of 10:18 AM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

community health systems inc (CYH) Key Developments

St. Francis Enters Into Talks With Community Health Systems

St. Francis Hospital, Inc. has entered into exclusive discussions with Community Health Systems, Inc. (NYSE:CYH) which could lead to a full or partial acquisition of St. Francis or an operating agreement. Richard Bradley, Chairman of the St. Francis Board of Trustees said, "The board is committed to a smooth process and optimistic that there will be a definitive agreement in the near future". St. Francis is now in the due diligence process with Community Health Systems.

Community Health Systems, Inc. and CHS/Community Health Systems, Inc. Enters into Amendment of its Existing Credit Agreement

Community Health Systems, Inc. announced that the Company and its wholly-owned subsidiary, CHS/Community Health Systems, Inc., have entered into an amendment, effective immediately, to their existing credit agreement, dated July 25, 2007, and amended and restated as of November 5, 2010, February 2, 2012, and January 27, 2014 to (i) provide for a new Incremental Term Loan F facility of $1,700,000,000 and (ii) modify certain springing maturity provisions applicable to the existing revolving credit facility and certain term loans, among other amendments. The proceeds of the Incremental Term Loan Facility are being used to repay the Company’s existing term loan E facility in full (which was scheduled to mature in January 2017) and to pay certain fees and expenses. The Incremental Term Loan Facility has a maturity date of December 31, 2018, subject to customary acceleration events and to the repayment, extension or refinancing with longer maturity debt of certain of the Company’s other indebtedness. The pricing on the Incremental Term Loan Facility is LIBOR plus a margin of 325 basis points. The Incremental Term Loan Facility will amortize at 1% per annum (0.25% quarterly).

Community Health Systems, Inc. Presents at Barclays Global Healthcare Conference, Mar-10-2015 03:50 PM

Community Health Systems, Inc. Presents at Barclays Global Healthcare Conference, Mar-10-2015 03:50 PM. Venue: Loews Miami Beach Hotel, 1601 Collins Avenue, Miami, Florida, United States. Speakers: Wayne T. Smith, Chairman and Chief Executive Officer.

Community Health Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Announces Impairment of Long-Lived Assets for the Fourth Quarter Ended December 31, 2014

Community Health Systems, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net operating revenues of $4,918 million against $3,191 million, a year ago. Income from operations was $477 million against $243 million a year ago. Income from continuing operations before income taxes was $230 million against $88 million a year ago. Income from continuing operations was $165 million or $1.12 per basic and diluted share against $62 million or $0.40 per diluted share a year ago. Net income attributable to stockholders was $100 million or $0.87 per basic and diluted share against $28 million or $0.30 per diluted share a year ago. Adjusted EBITDA was $785 million against $459 million a year ago. Net cash provided by operating activities was $976 million against $648 million a year ago. Income from continuing operations, excluding adjustments was $1.23 per diluted share against $0.55 per diluted share a year ago. Net income, excluding adjustments was $0.97 per diluted share against $0.44 per diluted share a year ago. Same store net operating revenues were $4,795 million against $4,580 million a year ago. For the full year, the company reported net operating revenues of $18,639 million against $12,819 million a year ago. Income from operations was $1,380 million against $929 million a year ago. Income from continuing operations before income taxes was $342 million against $346 million a year ago. Income from continuing operations was $260 million or $1.32 per diluted share against $242 million or $1.77 million per diluted share a year ago. Net income attributable to stockholders was $92 million or $0.82 per diluted share against $141 million or $1.52 per diluted share a year ago. Adjusted EBITDA was $2,777 million against $1,860 million a year ago. Net cash provided by operating activities was $1,615 million against $1,089 million a year ago. Purchases of property and equipment were $853 million against $614 million a year ago. Income from continuing operations, excluding adjustments was $3.29 per diluted share against $2.62 per diluted share a year ago. Net income, excluding adjustments was $2.79 per diluted share against $2.35 per diluted share a year ago. Same store net operating revenues were $18,138 million against $17,928 million a year ago. For the year 2015, the company expects adjusted EBITDA is in the range of $3,000 million to $3,200 million. Income from continuing operations per diluted share is in the range of $3.40 to $4.05. Net operating revenues less provision for bad debts is in the range of $19,600 million to $20,600 million. Capital expenditures projected in the range of $1,050 million to $1,250 million. Net cash provided by operating activities is projected in the range of $1,650 million to $1,850 million. For the quarter, the company reported impairment of long-lived assets of $17 million compared to $12 million a year ago.

Community Health Systems, Inc. Presents at RBC Capital Markets Healthcare Conference 2015, Feb-24-2015 09:00 AM

Community Health Systems, Inc. Presents at RBC Capital Markets Healthcare Conference 2015, Feb-24-2015 09:00 AM. Venue: The New York Palace Hotel, New York, New York, United States.

 

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CYH

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Valuation CYH Industry Range
Price/Earnings 39.8x
Price/Sales 0.3x
Price/Book 1.5x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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