Community Health Systems (CHS) disclosed in a Securities and Exchange Commission filing that it is being investigated by the Department of Justice. The company received a Civil Investigative Demand on Jan. 11 “for documents and information relating to a variety of subjects, including practices and procedures related to utilization review, inpatient admissions and inpatient dialysis at our hospitals,” according to its Form 10-K, released Wednesday. The 71-hospital for-profit system wrote that it is “cooperating fully with this investigation.” Separately, CHS leadership said the system is fielding a swell of inbound interest that could lead to one or more selloffs before the end of 2024.
Read the full article: Community Health Systems Discloses DOJ investigation //
Source: https://www.fiercehealthcare.com/providers/community-health-systems-misses-wall-streets-eps-consensus-costs-top-revenue-demand