Community Health Systems
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| Community Health Systems | |
|---|---|
| Type | Public (NYSE: CYH) |
| Founded | 1985 |
| Founder | Charles Miller Richard Ragsdale |
| Headquarters | Franklin, Tennessee, United States |
| Key people | Wayne T. Smith (CEO), Larry Cash (CFO) |
| Industry | Hospital operations |
| Revenue | ▲$7.2 billion (2007) |
| Operating income | ▲$458 million (2007) |
| Net income | ▼$30 million (2007) |
| Employees | 90,000 |
| Website | http://www.chs.net/ |
Community Health Systems Inc. is a Fortune 500 company based in Franklin, Tennessee. It is the largest non-urban provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of July 2007, it operates 132 hospitals in 28 states and one in Ireland.[1]
[edit] History
Charles Miller and Richard Ragsdale, former executives at Hospital Corporation of America spinoff Republic Health Corporation, formed Community Health Systems in 1985.[2]
The company made its initial public offering in 1991. In 1996, the company was purchased by private equity firm Forstmann Little & Company.[3] Community Health Systems went public again in 2000.[4]
[edit] References
- ^ "CHS closes Triad purchase", Nashville Business Journal, 2007-07-25.
- ^ "BUSINESS PEOPLE; 3 Hospital Bidders Facing Skepticism", New York Times, 1987-04-13.
- ^ Freundheim, Milt. "Forstmann to Acquire Community Health for $1.1 Billion", New York Times, 1006-06-11.
- ^ "Stock Offerings Are Set", New York Times, 2000-06-05.
