Community Health Systems Seeks Growth through Acquisitions

Community Health Systems wants to get back to acquiring hospitals, President and Chief Financial Officer Kevin Hammons said Tuesday. In the past year, Community Health Systems has sought buyers for multiple facilities, including hospitals in Florida, West Virginia and North Carolina. But it’s not all cuts, Hammons said Tuesday during a presentation at the Bank of America Securities Leveraged Finance Conference. The health system has also pursued acquisition opportunities, although none have come to fruition. Hammons said the for-profit system wants to acquire more hospitals, starting in existing markets.

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Source: https://www.modernhealthcare.com/mergers-acquisitions/community-health-systems-expansion-hospitals-kevin-hammons

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