Becker's Healthcare September 25, 2024
Franklin, Tenn.-based Community Health Systems continues to reorganize its portfolio, offloading hospitals in multiple markets, but it remains unclear when the for-profit system will be in a position in which it can acquire hospitals again, executives said during the Wells Fargo Healthcare Conference.
CHS has sold 29 hospitals since 2020, including the Aug. 1, 2024, sale of Tennova Healthcare-Cleveland (Tenn.) to Dalton, Ga.-based Vitruvian Health. The system has not bought a hospital in the last eight years, but has added beds to existing facilities.
“Portfolio rationalization is really an ongoing process,” CFO Kevin Hammons said. “As much as I would like to say we’re in the later innings of that process — and I believe we are, at least based...
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