The 119-hospital chain’s stock price traded as low as $3.12 on July 2 after closing June 29 at $3.32 per share.
CHS’ share price began sinking June 29 after the company priced a new offering of approximately $1.03 billion of senior secured notes after markets closed June 28. The company intends to use the proceeds to pay off about $1.01 billion in outstanding term loans and related expenses.
More articles on healthcare finance:
Georgia hospital to close next month
Hospitals are moving to single ratings: Here’s why
CMS to terminate Idaho hospital’s Medicare billing privileges
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
