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Community Health Systems (CHS) Media Fact Sheet
- CHS is the nation’s leading operator of general
acute care hospitals in non-urban communities.
- As of July 25, 2007, CHS affiliates own or
operate more than 130
hospitals in 28 states, with an
aggregate
of more than 18,700 licensed beds.
- CHS is the sole provider of general
hospital/healthcare services in more than
65% of its markets. In the remaining 35% of
the markets, CHS is one of two providers for
these services.
- For the fiscal year ending December 31, 2006,
CHS generated $4.4 billion in revenues.
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Did you know that CHS...
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Recognized by Forbes’ Platinum 400— "The Best Big Companies in America" (2004, 2005, 2006).
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For the past four years, Wayne Smith has been selected by the readers of Modern Healthcare as one of the top 50 influencers in the “100 Most Powerful People in Healthcare” poll. |
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- CHS-affiliated hospitals employ more than 90,000 people.
- Since Wayne Smith’s arrival as CEO and President, CHS has grown from $742 million in net revenue to over $4 billion in net revenue in 2006. This represents a compound annual growth rate of 24 percent—the strongest record of revenue of growth in the industry.
- The July 2007 acquisition of Triad Hospitals added more than 50 hospitals to the organization.
- Through its subsidiaries, 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.
- CHS was founded in March 1985 and completed its initial public stock offering in March 1991.
- The organization’s plan for integrating and improving the financial and operating performance of newly acquired hospitals, and more importantly, developing positive community relations has continued to be a distinct competitive advantage for CHS.
- Besides being a provider of essential healthcare services, CHS recognizes that community hospitals are typically civic leaders and one of the largest local employers. CHS assists hometown hospitals in achieving or maintaining a position as the healthcare provider of choice.
- Each year, CHS consistently recruits hundreds of physicians to hometown hospitals.
- CHS includes Senior Circle is a national organization that offers exercise, travel and social activities to more than 60,000 members.
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