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Last $62.97 USD
Change Today -0.08 / -0.13%
Volume 2.0M
As of 4:15 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

community health systems inc (CYH) Key Developments

Community Health Systems, Inc. Presents at Leerink Partners Healthcare Services & HCIT Roundtable, Jun-18-2015 01:35 PM

Community Health Systems, Inc. Presents at Leerink Partners Healthcare Services & HCIT Roundtable, Jun-18-2015 01:35 PM. Venue: The Palace Hotel, New York, New York, United States. Speakers: W. Larry Cash, Chief Financial Officer, President of Financial Services and Director.

Community Health Systems Plans Acquisitions

Community Health Systems, Inc. (NYSE:CYH) intends to make acquisitions. Larry Cash, President, Financial Services and Chief Financial Officer of the company said: “We're a little more focused on geographic location of acquisitions and our size of acquisitions, and probably are not as enthusiastic as going to a state and benefit $50 million hospital. There's certain amount of work to do for an acquisition, so our preference would be to go to a little bit larger facility with a little bit more preferred location. And of course there is a better opportunity, we're trying to get a return of that investment. We are correcting some of the -- the economics come back a little slower in all over America; and the growth in our markets which is now about 1% which is less than urban. But we do have an older-age population which will benefit us as we've put up on the slide as the utilization continues to increase, so there's also a less Medicare advantage and our challenges after, I think to be plenty of acquisitions, if SCOTUS' decision goes either way, I think what people look for us access to capital, a good system, good quality, Company can recruit doctors to do a little improvement in facility, have good quality healthcare delivered and it's a very complex business for an individual but we're to manage especially someone who runs a system like we've got, so I think plenty of good acquisitions.”

Community Health Systems, Inc. Presents at Goldman Sachs 36th Annual Global Healthcare Conference, Jun-09-2015 08:40 AM

Community Health Systems, Inc. Presents at Goldman Sachs 36th Annual Global Healthcare Conference, Jun-09-2015 08:40 AM. Venue: Terranea Resort, Rancho Palos Verdes, California, United States. Speakers: W. Larry Cash, Chief Financial Officer, President of Financial Services and Director.

Community Health Systems, Inc. Presents at Jefferies 2015 Global Healthcare Conference, Jun-02-2015 10:30 AM

Community Health Systems, Inc. Presents at Jefferies 2015 Global Healthcare Conference, Jun-02-2015 10:30 AM. Venue: The Grand Hyatt Hotel, New York, New York, United States.

Community Health Systems, Inc. and its Subsidiary CHS/Community Health Systems, Inc. Enters into an Incremental Term Loan Assumption Agreement

On May 18, 2015, Community Health Systems, Inc. and its subsidiary CHS/Community Health Systems, Inc. (the ‘Borrower’) entered into an Incremental Term Loan Assumption Agreement, among the Company, the Borrower, the subsidiary guarantors party thereto, the lenders party thereto and Credit Suisse AG. The Agreement provides for a new $1,600,000,000 incremental term loan G facility (the ‘Incremental Term Loan G Facility’) and a new $2,943,957,253 incremental term loan H facility (the ‘Incremental Term Loan H Facility’) under the Credit Agreement, dated as of July 25, 2007, as amended and restated as of November 5, 2010, February 2, 2012 and January 27, 2014, and as further amended as of March 9, 2015 (as heretofore amended, supplemented, amended and restated or otherwise modified, the ‘Credit Agreement’), among the Borrower, the Company, the lenders party thereto and the Agent. The proceeds of the Incremental Term Loan G Facility and the Incremental Term Loan H Facility are being used to repay the Company’s existing term loan D facility in full (which bore interest at LIBOR plus a margin of 325 basis points and was scheduled to mature in January 2021). The Incremental Term Loan G Facility has a maturity date of December 31, 2019, 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 G Facility is LIBOR plus a margin of 275 basis points. The Incremental Term Loan G Facility will amortize at 1% per annum (0.25% quarterly). The Incremental Term Loan H Facility has a maturity date of January 27, 2021, 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 H Facility is LIBOR plus a margin of 300 basis points. The Incremental Term Loan H Facility will amortize at 1% per annum (0.25% quarterly).

 

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Industry Analysis

CYH

Industry Average

Valuation CYH Industry Range
Price/Earnings 21.8x
Price/Sales 0.4x
Price/Book 1.8x
Price/Cash Flow 5.2x
TEV/Sales NM Not Meaningful
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