Community Health Systems continues to put hospitals up for sale as it battles growing debt
Franklin, Tennessee-based Community Health Systems announced Nov. 2 that it is putting more hospitals up for sale as it tries to make money to help pay down its $15 million debt, The Wall Street Journal reports.
According to an investor call, the health system will put five more hospitals up for sale, bringing the total number of hospitals for sale up to 17.
“We think we’re on the right track here,” said CEO Wayne Smith on the call.
Most of the hospital buyers have not been identified yet, but Curae Health, a nonprofit rural healthcare company based in Clinton, Tennessee, has plans to purchase four.
To read more about the sales, follow the link below.
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As a Senior Writer for TriMed Media Group, Katherine primarily focuses on producing news stories, Q&As and features for Cardiovascular Business. She reports on several facets of the cardiology industry, including emerging technology, new clinical trials and findings, and quality initiatives among providers. She is based out of TriMed's Chicago office and holds a bachelor's degree in journalism from Columbia College Chicago. Her work has appeared in Modern Healthcare, Crain's Chicago Business and The Detroit News. She joined TriMed in 2016.