From naming a new CEO and CFO to selling several hospitals, here are 10 things to know about Franklin, Tenn.-based Community Health Systems in 2025:
1. Through the first three quarters of 2025, CHS recorded a net income of $516 million, up from a net loss of $334 million during the same period last year.
2. As of Sept. 30, the for-profit system owns or leases 70 hospitals and operates more than 1,000 sites of care in 14 states.
3. Tim Hingtgen retired as CEO on Sept. 30 and transitioned to an advisory role. CHS appointed Kevin Hammons as permanent CEO, effective on Dec. 12. He had served as interim CEO following Mr. Hingtgen’s retirement. Mr. Hammons previously served as the system’s CFO since January 2020 and has been with CHS since 1997.
4. Jason Jonson was appointed executive vice president and CFO, effective Dec. 12. He most recently served as senior vice president and chief accounting officer. He joined the health system in 2012 as vice president and assistant corporate controller and was promoted to vice president, corporate controller in 2018. He became chief accounting officer in 2019. He served as interim CFO following Mr. Hingtgen’s retirement.
5. CHS sold Merit Health Biloxi (Miss.), a 153-bed hospital, to Gulfport, Miss.-based Memorial Health System, effective Jan. 31.
6. CHS sold ShorePoint Health-Port Charlotte (Fla.) and certain assets of ShorePoint Health-Punta Gorda (Fla.) to Altamonte Springs, Fla.-based AdventHealth for $260 million, effective March 1.
7. CHS on April 1 sold Lake Norman Regional Medical Center in Mooresville, N.C., to Durham, N.C.-based Duke University Health System for $284 million.
8. CHS sold its 80% ownership stake in Cedar Park (Texas) Medical Center, a 126-bed facility, to St. Louis-based Ascension on June 30 for $460 million in cash.
9. CHS signed a letter of intent in July to sell Commonwealth Health, a three-hospital system in Scranton, Pa., to nonprofit organization Tenor Health Foundation. Commonwealth Health’s hospitals include Regional Hospital of Scranton, Moses Taylor Hospital in Scranton and Wilkes-Barre General Hospital. The deal would see CHS exit Pennsylvania.
10. CHS signed a definitive agreement to sell its 80% ownership interest in two joint ventures — which own and operate Tennova Healthcare-Clarksville (Tenn.) — to Vanderbilt University Medical Center. The $600 million deal, announced Oct. 30, includes the 270-bed hospital in Clarksville and ancillary businesses.
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