Franklin, Tenn.-based CHS, which reported a net loss of $20 million in the first quarter on revenues of $3.1 billion, is on the hunt for new acquisitions just as it is also in discussions to sell off more assets. “We are considering further opportunities to expand our portfolio,” CEO Tim Hingtgen said in a webcast discussing first-quarter results. Selling off certain assets would also help balance the system and further reduce some of its debt, President and CFO Kevin Hammons confirmed on the call.
Read the full article: CHS Looking For More M&A //
Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/chs-looking-for-more-m-a-share-price-slumps.html