CHS is gearing up to play offense again in hospital M&A game, CFO says

Healthcare DIVE November 15, 2024
Susanna Vogel

The Franklin, Tennessee-based operator has not purchased a hospital in years. That may soon change as CHS’ margins improve.

Community Health Systems may soon pivot from hospital seller to hospital buyer, CHS President and CFO Kevin Hammons told investors during a panel at the UBS Global Healthcare Conference in Rancho Palos Verdes, California, this week.

After years of chasing nearly any and all divestitures, Hammons said the influx of cash will allow the company to “be more selective” about sales and shop around for expansion opportunities.

Hammons called out CHS’ recent purchase of 10 urgent care centers in Tucson, Arizona, as an example of the health system’s return to playing offense.

“That deal will be closing here in the...

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