Key Developments: Community Health Systems Inc (CYH)
44.72USD
20 May 2013
$0.06 (+0.13%)
$44.66
$44.65
$44.85
$44.59
20,990
1,240,528
$48.59
$20.71
Latest Key Developments (Source: Significant Developments)
Community Health Systems Inc Lowers High End Of Prior FY 2013 Guidance To A Range In Line With Analysts' Estimates
Community Health Systems Inc announced that for fiscal 2013, it expects net operating revenues less provision for bad debts to be in the range of $13.300-$13.600 billion, adjusted EBITDA to be in the range of $1.975-$2.025 billion and Income from continuing operations per share diluted to be in the range of $3.50-$3.80. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $13.534 billion, EBITDA of 2.012 billion and EPS of $3.71 for fiscal 2013. Full Article
Community Health Systems Inc Issues Q1 2013 EPS Guidance Below Analysts' Estimates; Issues FY 2013 Guidance In Line With Analysts' Estimates
Community Health Systems Inc announced that for fiscal 2013, it expects net operating revenues less provision for bad debts to be in the range of $13.300-$13.800 billion, adjusted EBITDA to be in the range of $1.975-$2.050 billion and Income from continuing operations per share diluted to be in the range of $3.50-$3.90. For the first quarter of 2013, it expect Income from continuing operations per share diluted to be in the range of $0.82-$0.92. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $13.695 billion, EBITDA of 2.014 billion and EPS of $3.82 for fiscal 2013; EPS of $0.97 for the first quarter of 2013. Full Article
Community Health Systems Inc Reaffirms FY 2012 Guidance-Conference Call
Community Health Systems Inc announced that its fiscal 2012 guidance is for revenue of between $12.8 billion and $13.2 billion; EBITDA between $1.965 billion and $1.990 billion; and EPS between $3.80 and $3.95. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $13.0 billion for fiscal 2012. Full Article
Community Health Systems Inc Declares Special Cash Dividend of $0.25 Per Share
Community Health Systems Inc announced that its Board of Directors has declared a special cash dividend of $0.25 per share payable on December 28, 2012, to holders of record of the Company's common stock at the close of business on December 17, 2012. Full Article
Community Health Systems Inc Reaffirms FY 2012 Guidance
Community Health Systems, Inc. announced that for fiscal 2012, it expects revenues to be in the range of $12.8-$13.2 billion and adjusted EBITDA to be in the range of $1.965-$1.990 billion and Income from continuing operations per share diluted (EPS) to be in the range of $3.80-$3.95 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $12.9 billion for fiscal 2012. Full Article
Community Health Systems Inc Announces Completion Of Offering Of $1,600 Million Of 5.125% Senior Secured Notes Due 2018
Community Health Systems Inc announced that its wholly-owned subsidiary, CHS/Community Health Systems, Inc. (the Issuer), has completed its offering of $1,600 million aggregate principal amount of 5.125% Senior Secured Notes due 2018 (the Notes). The size of the offering was increased by $350 million aggregate principal amount of Notes subsequent to the initial announcement of the proposed offering. As previously announced, the Company has used the proceeds of the offering to prepay a portion of certain term loans outstanding under its senior credit facilities and to pay related fees and expenses. Full Article
Community Health Systems Inc Reaffirms FY 2012 Revenue And EBITDA Guidance; Raises Low End Of Prior FY 2012 EPS Guidance
Community Health Systems, Inc. announced that for fiscal 2012, it expects revenues to be in the range of $12.8-$13.2 billion and adjusted EBITDA to be in the range of $1.970-$2 billion and Income from operations to be in the range of $3.90-$4.10 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $12.9 billion for fiscal 2012. Full Article
Community Health Systems Inc Announces Completion Of Offering Of $1.2 Billion Of 7.125% Senior Notes Due 2020
Community Health Systems Inc announced that its wholly-owned subsidiary, CHS/Community Health Systems, Inc. (the Issuer), had completed its offering of $1.2 billion aggregate principal amount of 7.125% Senior Notes due 2020. As previously announced, the Company intends to use the proceeds of the offering to purchase any and all of the Issuer’s approximately $934 million aggregate principal amount of 8⅞% Senior Notes due 2015 that are validly tendered and not validly withdrawn in the cash tender offer announced on July 3, 2012, to pay for consents delivered in connection therewith, to pay related fees and expenses and, to the extent any proceeds remain, for general corporate purposes. Full Article
Community Health Systems Inc Announces Offering Of $1,000 Million Of Senior Notes Due 2020
Community Health Systems Inc announced that its wholly-owned subsidiary, CHS/Community Health Systems, Inc., intends to offer $1,000 million aggregate principal amount of Senior Notes due 2020, subject to market and other conditions. The offering will be made by means of an underwritten public offering pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the proceeds of the offering to purchase any and all of the Issuer’s approximately $934 million aggregate principal amount of 8⅞% Senior Notes due 2015 that are validly tendered and not validly withdrawn in the cash tender offer announced on July 3, 2012, to pay for consents delivered in connection therewith, to pay related fees and expenses and, to the extent any proceeds remain, for general corporate purposes. The underwriters in connection with the offering are Credit Suisse, BofA Merrill Lynch, Citigroup, Credit Agricole CIB, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey, Wells Fargo Securities, Deutsche Bank Securities, Fifth Third Securities, Inc., Mitsubishi UFJ Securities, Scotiabank and UBS Investment Bank. Full Article
Community Health Systems Inc's Subsidiaries Announces Acquisition Of York, Pennsylvania Hospital
Community Health Systems Inc announced that subsidiaries of the Company have acquired substantially all of the assets of Memorial Health Systems in York, Pennsylvania. The system includes 100-bed Memorial Hospital, the Surgical Center of York, and other outpatient and ancillary services. Memorial Hospital becomes the seventeenth Community Health Systems, Inc. affiliated hospital in Pennsylvania. The purchase agreement includes a commitment to construct a replacement hospital within five years of the closing date. Full Article
Community Health net profit edges up, outlook trimmed
- Hospital operator Community Health Systems Inc reported slightly higher first-quarter net income on Monday, but trimmed the top of its projected range for full-year earnings, citing a more challenging operating environment for healthcare providers.
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