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Community Health Systems

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530:– CHS filed more than 19,000 lawsuits against individuals for not being able to pay off their medical debt (some from hospitals it no longer owned) even as the company collected over $ 700 million in Covid relief funds from the federal government. Many of these lawsuits are against people who cannot pay the legal fees to challenge CHS in court. (Due to the fact that these are civil suits and not criminal suits, the defendants do not receive a state-appointed lawyer.) In 2020, CHS posted its most profitable year in at least a decade. 74: 36: 1808: 269: 249: 229: 209: 189: 1784: 1796: 387:
In 2010, McKenzie-Willamette's healthcare workers' union, SEIU, Local 49, claimed that workload increases, slashed benefits, and staff reductions had lowered the quality of both patient care and quality of life for employees. The union, in its "Profits Before Community" campaign against the hospital,
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In April–July 2017, Community Health Systems rejected overtures from key Lutheran Health Network doctors to facilitate sale of its profitable network in CHS to a third party, after assertions of continual lack of re-investment into the network's facilities and staff by CHS management. After those
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to purchase HMA for about $ 3.6 billion in cash and stock. The merger was completed in January 2014 and made Community Health Systems the largest for-profit hospital operator at the time, with 206 hospitals in 29 states. The acquisition of HMA brought with it liability for lawsuits and criminal
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On February 2, 2015, Community Health Systems was required to pay $ 75 million to settle allegations "that they made illegal donations to county governments to reap more federal dollars under a now-discontinued matching program". The allegations were brought about by a former CHS employee in a
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In December 2019, CHS announced that subsidiaries of the company have completed the sale of three Virginia hospitals – Southside Regional Medical Center in Petersburg, Southampton Memorial Hospital in Franklin, and Southern Virginia Regional Medical Center in Emporia, effective on January 1,
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In March 2017, Quorum's board retained outside counsel in relation to whether Community Health Systems had committed fraud with regards to financial projections for Quorum, and whether any of its current management may have been involved in any possible fraud. In June 2017 Quorum said although the
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It was reported on August 18, 2014, that hackers broke into Community Health System's records system and stole data on 4.5 million patients. These data included names, Social Security numbers, physical addresses, birthdays and telephone numbers. CHS provided all patients whose records were
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discussions/accusations became public, several key leaders of the affiliated hospitals, Lutheran and Dupont, and the network were fired or resigned. Key prominent local community leaders Chuck Surack and Tom Kelley resigned from the Lutheran Health Network's and hospitals' advisory boards.
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In 2007, Community Health Systems purchased Plano, Texas-based Triad Hospitals for $ 6.8 billion, adding nearly 50 hospitals, hospital management and consulting business Quorum Health Resources, and nearly doubling the size of the company. Among the facilities included in the deal was
323:. The company completed the spinoff of Quorum Health Corporation on April 29, 2016. Quorum owns or leases hospitals across 16 states, primarily in cities or counties with populations of 50,000 or less. In April 2020 Quorum declared bankruptcy and is no longer trading on the NYSE. 412:
to resolve multiple lawsuits "alleging that the company knowingly billed government health care programs for inpatient services that should have been billed as outpatient or observation services". As part of the agreement, Community Health Systems was required to enter into a
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On April 27, 2020, CHS announced that an affiliate of the company has signed a definitive agreement to sell its majority ownership interest in 84‑bed St. Cloud Regional Medical Center and its associated healthcare operations in St. Cloud, Florida, to a subsidiary of
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During the COVID-19 pandemic, CHS received around a quarter-billion in federal COVID-19 relief funds. During the pandemic, CHS-owned hospitals also filed more than 19,000 lawsuits against their patients for unpaid medical bills.
316:. It was the largest provider of general hospital healthcare services in the United States in terms of number of acute care facilities. In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021. 396:
In 2011, it was accused by Tenet Healthcare of overbilling Medicare in its aggressive admissions policy compared to its peers. It was subpoenaed by Medicare on its aggressive billing to the Medicare systems.
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continues to highlight that profits have tripled while charitable care and employee benefits have steadily decreased since the hospital moved from a non-profit to a for-profit enterprise under CHS.
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On December 6, 2016, a former CFO of a CHS hospital was awarded $ 1.9 million in a whistleblower lawsuit he filed after he was terminated for refusing to submit false financial documents.
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In January 2017, a settlement between investors and CHS executives for $ 60 million was reached. The settlement resolved allegations of "breach of fiduciary duty" by CHS executives.
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McKenzie-Willamette Hospital in Springfield, Oregon; Trinity Medical Center in Birmingham, Alabama; and the seven hospitals of Lutheran Health Network in the Ft. Wayne, Indiana region.
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In August 2015, the company announced plans to spin off 38 hospitals and its management and consulting subsidiary, Quorum Health Resources, into a new publicly traded company called
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On May 22, 2019, AdventHealth announced they had signed definitive agreements to purchase 193-bed Heart of Florida Regional Medical Center in Davenport, Florida, and 160-bed
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In October 2015, Community Health Systems paid $ 13 million to the United States Department of Justice to resolve allegations related to the
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charges of fraudulent claims against Medicare and other federal programs. CHS settled these claims for $ 262 million in October, 2018.
1299: 804: 1731:"'There's no way I can pay for this:' One of America's largest hospital chains has been suing thousands of patients during the pandemic" 785: 409: 377: 373:. On October 10, 2015, the 372-bed Grandview Medical Center began operating in Birmingham, Alabama, replacing Trinity Medical Center. 201: 2080: 1833: 440: 370: 1342: 2059: 1064: 694: 355: 1324: 1045: 506: 468:
On March 13, 2018, it was reported that the company had hired financial advisory firm Lazard to help address long-term debt.
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E. Thomas Chaney, former executive of Hospital Affiliates, Inc. and David Steffy and Richard Ragsdale, former executives at
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investigation did not produce "conclusive evidence" of fraud the projections appeared to be incompetent at best.
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The company made its initial public offering in 1991. In 1996, the company was purchased by private equity firm
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Lawsuits have been filed against CHS hospitals for alleged predatory liens practices where hospitals file for
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On September 30, 2020, CHS announced that an affiliate of the company has completed the sale of 480-bed
1232:"Whistleblower played key role in case that Community Health Systems hospitals settle for $ 75 million" 334:. Under CEO Wayne T. Smith, the company's stock has lost over 76% of its value since the year 2000. 2018: 1987: 331: 313: 141: 1506: 1210: 1507:"Community Health Systems' stock price falls 11% in two days after rumors of hiring debt adviser" 1069: 472: 73: 1459:"Chuck Surack, Tom Kelley quit Lutheran Health boards to protest ownership - News-Sentinel.com" 2033: 2003: 1939: 1929: 1906: 1866: 1161:"Community Health Systems Inc. to Pay $ 98.15 Million to Resolve False Claims Act Allegations" 947: 704: 669: 527: 520:
filed in 2019, it identified Florida, Texas and Indiana as areas of geographic concentration.
327: 1631:"Community Health Systems Announces Definitive Agreement to Sell St. Cloud, Florida Hospital" 841:"Community Health Systems Acquires Southside Regional Medical Center in Petersburg, Virginia" 2038: 1812: 1788: 433: 426: 261: 408:
On August 4, 2014, Community Health Systems paid $ 95.14 million to the United States
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In 2014, CHS had around 200 hospitals, but the number had declined to around 85 in 2021.
17: 1706:"'A Health Care Giant Sold Off Dozens Of Hospitals — But Continued Suing Many Patients'" 49:
Please help update this article to reflect recent events or newly available information.
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rather than bill individuals' health insurers, resulting in massive fees for patients.
510: 499: 160: 1483:"GUEST COLUMN: What really happened with Community Health Systems - News-Sentinel.com" 2074: 2043: 2023: 1979: 1954: 1944: 1211:"Community Health Systems to pay $ 75 million for alleged New Mexico Medicaid scheme" 338: 147: 92: 1656:"Community Health Systems Completes Divestiture of St. Petersburg, Florida Hospital" 1360:"Whistleblower lands $ 1.9 million in suit against CHS - Nashville Business Journal" 937: 1556:"AdventHealth Enters into Agreements to Acquire Two Florida Health Care Facilities" 888:"Community Health Systems ends federal billing review with $ 31 million settlement" 476: 1435:"Lutheran Health executive resigns, claims CHS forced physician group to disband" 309: 112: 1136:"Georgia Whistleblowers Share in $ 262M Settlement With Florida Hospital Chain" 584:"Community Health Systems to spin out new company - Nashville Business Journal" 444: 376:
In 2000, Community Health Systems paid $ 31 million to the United States
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spinoff Republic Health Corporation, formed Community Health Systems in 1985.
221: 1257:"DOJ settles with 450 hospitals for $ 250M over False Claims Act allegations" 951: 708: 673: 2028: 1881: 517: 272: 252: 232: 212: 192: 1886: 164: 2008: 1896: 1581:"Community Health Systems Completes Divestiture of Virginia Hospitals" 102: 1921: 1410:"Quorum closes investigation into spinoff from CHS: 6 things to know" 1346: 1343:"What's next after N.J. hospital sale gets key approval from state 241: 400:
In 2013, Community Health Systems entered into an agreement with
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that required the company to participate in compliance efforts.
1822: 729:"Bankruptcy court approves Quorum's $ 1.3B restructuring plan" 451:; the sale was approved by New Jersey in early February 2017. 341:
had a 22.2 percent stake in Community Health Systems in 2017.
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to Prime Healthcare Foundation, a nonprofit affiliated with
1065:"Community Health Agrees to Buy H.M.A. for $ 3.6 Billion" 863:"Ten things you need to know about Trinity's move to 280" 805:"Forstmann to Acquire Community Health for $ 1.1 Billion" 662:"How Rich Hospitals Profit From Patients in Car Crashes" 786:"BUSINESS PEOPLE; 3 Hospital Bidders Facing Skepticism" 1760: 1385:"CHS executives ink $ 60M settlement in investor suit" 912:"McKenzie-Willamette Hospital finds for-profit backer" 695:"Community Health Spinoff to Focus on Smaller Markets" 660:
Kliff, Sarah; Silver-Greenberg, Jessica (2021-02-01).
293: 1772: 1187:"Hospital network hacked, 4.5 million records stolen" 775:
Becker's Revenue Cycle Management Report (12/11/2017)
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On August 1, 2018, CHS completed the sale of 425-bed
1086:"Community Health Systems completes purchase of HMA" 369:
again in 2000. In August 2003, the company acquired
2052: 1996: 1978: 1920: 1857: 1325:"Sale of Memorial Hospital of Salem County approved 1046:"Community Health Faces Inquiry on Medicare Claims" 289: 279: 259: 239: 219: 199: 183: 154: 136: 126: 118: 108: 90: 80: 753:"Quorum Health is no longer trading on the NYSE" 486:in Lake Wales, Florida, from affiliates of CHS. 2086:Companies listed on the New York Stock Exchange 1021:"McKenzie-Willamette: Profits before Community" 526:From March 2020 to May 2021 – during the 421:impacted with free identity theft protection. 1834: 509:and its associated assets to a subsidiary of 380:to settle a review of its billing practices. 326:On October 3, 2016, CHS was removed from the 8: 1333:, February 2, 2017. Accessed April 16, 2017. 66: 1281:"Tennessee firm sells South Jersey hospital 693:Weaver, Christopher; Jaramillo, Cassandra. 1841: 1827: 1819: 1768:Fortune 500 2007: Community Health Systems 1349:on February 2, 2017, author Bill Gallo Jr. 629:"The collapse of Community Health Systems" 72: 65: 1134:McDonald, R. Robin (September 26, 2018). 1063:De La Merced, Michael J. (30 July 2013). 938:"Community Health to Acquire Rival Triad" 475:, Fla., to Altamonte Springs, Fla.-based 2091:Health care companies based in Tennessee 1849:Major corporations headquartered in the 392:Recent developments (2011–present) 1779: 1289:on December 1, 2015, author John George 551: 473:Munroe Regional Medical Center in Ocala 2106:American companies established in 1985 2101:Companies based in Franklin, Tennessee 2096:Hospital networks in the United States 1531:"CHS divests 425-bed Florida hospital" 7: 655: 653: 651: 649: 623: 621: 350:Founding and early years (1985-2010) 1084:Dubois, Shelley (26 January 2014). 25: 2060:Waller Lansden Dortch & Davis 1185:Pagliery, Jose (18 August 2014). 441:Memorial Hospital of Salem County 439:After CHS agreed in 2015 to sell 371:Southside Regional Medical Center 2116:1985 establishments in Tennessee 1806: 1794: 1782: 268: 267: 248: 247: 228: 227: 208: 207: 188: 187: 34: 1111:"CHS Completes HMA Acquisition" 972:"Community Health Systems, Inc" 843:(Press release). August 4, 2003 803:Freundheim, Milt (2006-06-11). 356:Hospital Corporation of America 507:Bayfront Health St. Petersburg 363:Forstmann Little & Company 67:Community Health Systems, Inc. 1: 2131:2000 initial public offerings 2126:1996 mergers and acquisitions 2121:1991 initial public offerings 2111:Hospitals established in 1985 1535:www.beckershospitalreview.com 1286:Philadelphia Business Journal 733:www.beckershospitalreview.com 415:corporate integrity agreement 1912:Ryman Hospitality Properties 402:Health Management Associates 1965:Pinnacle Financial Partners 1851:Nashville metropolitan area 1605:Casey Tolan (17 May 2021). 608:"CHS closes Triad purchase" 365:. Community Health Systems 2147: 1364:Nashville Business Journal 612:Nashville Business Journal 588:Nashville Business Journal 560:"Community Health Systems" 1439:Beckershospitalreview.com 1414:Beckershospitalreview.com 1389:Beckershospitalreview.com 1330:The Philadelphia Inquirer 1304:Prime Healthcare Services 1115:Beckershospitalreview.com 1000:Special.registerguard.com 823:"Stock Offerings Are Set" 534:Predatory liens practices 484:Lake Wales Medical Center 449:Prime Healthcare Services 321:Quorum Health Corporation 71: 43:This article needs to be 18:Quorum Health Corporation 2081:Community Health Systems 1877:Community Health Systems 302:Community Health Systems 1997:Major private companies 1872:Brookdale Senior Living 943:The Wall Street Journal 700:The Wall Street Journal 477:Adventist Health System 27:U.S. healthcare company 1970:Tractor Supply Company 1935:Ardent Health Services 275:(1.392 billion) (2023) 85:For-profit corporation 410:Department of Justice 378:Department of Justice 195:12.490 billion (2023) 1980:NYSE American listed 1660:www.businesswire.com 1635:www.businesswire.com 1560:www.adventhealth.com 1261:Fiercehealthcare.com 425:complaint under the 337:Chinese billionaire 332:S&P Smallcap 600 235:(133 million) (2023) 2019:Envision Healthcare 1988:National Healthcare 757:www.bizjournals.com 314:Franklin, Tennessee 294:http://www.chs.net/ 281:Number of employees 255:14.4 billion (2023) 142:Franklin, Tennessee 68: 1323:Brubaker, Harold. 1306:. January 29, 2018 1070:The New York Times 666:The New York Times 328:S&P Midcap 400 215:957 million (2023) 2068: 2067: 2034:Ingram Industries 2004:Advance Financial 1940:Change Healthcare 1930:Acadia Healthcare 1907:Louisiana-Pacific 1867:AllianceBernstein 1585:www.bloomberg.com 1511:Modern Healthcare 1487:News-Sentinel.com 1463:News-Sentinel.com 1263:. 30 October 2015 528:COVID-19 pandemic 330:and added to the 312:company based in 299: 298: 130:Richard Ragsdale 64: 63: 16:(Redirected from 2138: 2039:LifePoint Health 1843: 1836: 1829: 1820: 1811: 1810: 1809: 1799: 1798: 1797: 1787: 1786: 1785: 1778: 1764: 1763: 1761:Official website 1746: 1745: 1743: 1742: 1727: 1721: 1720: 1718: 1717: 1702: 1696: 1695: 1693: 1692: 1677: 1671: 1670: 1668: 1667: 1652: 1646: 1645: 1643: 1642: 1627: 1621: 1620: 1618: 1617: 1602: 1596: 1595: 1593: 1592: 1577: 1571: 1570: 1568: 1567: 1552: 1546: 1545: 1543: 1542: 1527: 1521: 1520: 1518: 1517: 1503: 1497: 1496: 1494: 1493: 1479: 1473: 1472: 1470: 1469: 1455: 1449: 1448: 1446: 1445: 1430: 1424: 1423: 1421: 1420: 1405: 1399: 1398: 1396: 1395: 1380: 1374: 1373: 1371: 1370: 1356: 1350: 1340: 1334: 1321: 1315: 1314: 1312: 1311: 1296: 1290: 1278: 1272: 1271: 1269: 1268: 1253: 1247: 1246: 1244: 1243: 1228: 1222: 1221: 1219: 1218: 1207: 1201: 1200: 1198: 1197: 1182: 1176: 1175: 1173: 1172: 1167:. 28 August 2014 1157: 1151: 1150: 1148: 1146: 1131: 1125: 1124: 1122: 1121: 1107: 1101: 1100: 1098: 1096: 1081: 1075: 1074: 1060: 1054: 1053: 1042: 1036: 1035: 1033: 1032: 1023:. 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Index

Quorum Health Corporation

For-profit corporation
Traded as
NYSE
CYH
Health care
Franklin, Tennessee
United States
Wayne T. Smith
Chairman
CEO
CFO
$
Operating income
$
Net income
$
Total assets
$
Total equity
$
http://www.chs.net/
Fortune 500
Franklin, Tennessee
S&P Midcap 400
S&P Smallcap 600
Tianqiao Chen
Hospital Corporation of America
Forstmann Little & Company

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