For-profit hospital operator Community Health Systems is looking to slow down its aggressive pace of divestitures as it focuses on growth in its core markets, executives said on an earnings call. The Tennessee-based system has divested about 35% of its hospital portfolio since 2019 in an attempt to deleverage its portfolio and free up cash. CHS is in a few early-phase divestiture discussions, but executives are unsure whether those will proceed or ultimately result in a deal. Going forward, the hospital operator will be more opportunistic when looking at selling assets.
Read the full article: CHS Could Slow Pace of Divestitures as It Makes Progress Paying Debt //
Source: https://www.healthcaredive.com/news/chs-slow-pace-divestitures-progress-paying-debt/812663/