Community Health Systems (CHS) is one of the nation's leading operators of general acute care hospitals. The organization's affiliates own, operate or lease more than 130 hospitals in 29 states, with an aggregate of approximately 19,400 licensed beds. In more than 60 percent of the markets served, CHS-affiliated hospitals are the sole provider of healthcare services.
The consolidated organization owns and leases community hospitals that offer quality, cost-effective healthcare including a range of inpatient medical and surgical services, outpatient treatment and skilled nursing care.
In addition, through its QHR subsidiary, the organization provides hospital management, consulting, and advisory services to more than 150 independent community hospitals and health systems throughout the U.S.
Headquartered in a suburb south of Nashville, Tennessee, the organization is committed to building a network of thriving hospitals vital to the residents and economic development of the communities served. With the belief that community hospitals often suffer from a lack of capital and have difficulty recruiting physicians and retaining high levels of management expertise, the company has assisted local hospitals in meeting these challenges and has proven itself to be an established leader in this industry segment.
History Of Community Health Systems
** A History of Strength and Unprecedented Growth **
* Community Health Systems (CHS) was founded in March 1985.
* In 1996, CHS combined its corporate headquarters in Houston, Texas with the
company’s operations group in Nashville, Tennessee.
* In June 1996, an affiliate of Forstmann Little & Co. acquired the company in
a $1.1 billion leveraged buyout.
* In 1997, Wayne T. Smith was recruited as President and Chief Executive
Officer.
* The company was again taken public in June 2000 on the New York Stock
Exchange (CYH) at a price of $13 per share.
* Today, CHS is headquartered in the Nashville suburb of Franklin, Tennessee.
* July 2007: Completed the acquisition of Triad Hospitals, adding more than 50
hospitals to the organization.
* Affiliated hospitals across our markets employ more than 90,000 people.
