CHS shares hit new low

Ayla Ellison -

Shares of Franklin, Tenn.-based Community Health Systems closed July 23 at $2.01, their lowest closing price ever.

The hospital chain's shares traded between $2.00 and $2.12 on July 23 and were down 2.9 percent from the day prior at market close. During the past year, CHS shares have traded between $2.00 and $5.35.

CHS is scheduled to release results for the second quarter of 2019 on Aug. 5. The company ended the first quarter of this year with net loss of $118 million on revenues of $3.38 billion. That's compared to the first quarter of 2018, when CHS reported a net loss of $25 million on revenues of $3.69 billion.

More articles on healthcare finance:

4 health systems team up to save Philadelphia hospital
Cook County Health's Dr. John Jay Shannon: Impending Medicaid DSH cuts are 'immoral'
Harvard: Children's health programs pay for themselves over time

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.