The hospital chain’s stock price traded as low as $2.93 on Oct. 2 after closing Oct. 1 at $3.21 per share. Over the past year, CHS shares have traded between $2.66 and $7.86.
CHS saw its net loss shrink in the second quarter of 2018 as the company continued to refine its hospital portfolio. The company is using proceeds from the hospital divestitures to pay down its debt load.
More articles on healthcare finance:
Nurses call for Michigan hospital CEO to step down as possibility of bankruptcy looms
Cleveland Clinic agrees to invest $250M in Florida hospital
Dignity Health’s net income more than doubles
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
