Community Health Systems (CHS) is shifting from being a hospital seller to a potential buyer, as CFO Kevin Hammons announced plans for expansion, including the recent acquisition of 10 urgent care centers in Tucson. The company aims to grow its ambulatory surgery center footprint and is also interested in purchasing physician clinics and emergency departments. With a favorable regulatory environment anticipated under the new administration, CHS expects to ease its merger and acquisition strategy after years of divestitures, which have generated over $1 billion in proceeds.
Community Health Systems reported a $391 million loss in Q3, impacted by increased payer denials and operational disruptions from Hurricane Helene. Despite a slight rise in revenue to $3.09 billion, the health system faced a 330% increase in losses compared to the previous year, with more than half of denials stemming from Medicare Advantage plans. CHS is investing in enhanced financial services and physician adviser programs to combat these challenges while continuing to pursue strategic growth through facility sales and expansions.
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