Community Hospitals
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Community Health lowers 2013 forecast as admissions fall

Bloomberg Businessweek, July 19, 2013
Community Health Systems Inc., the second-largest U.S. hospital system, cut its earnings outlook for the year as admissions decline. The shares fell 19 percent. Income from continuing operations will be $2.95 to $3.25 a share, the Franklin, Tennessee-based company said today in a statement. Analysts were expecting profit of $3.65 a share, the average of 24 estimates (CYH:US) compiled by Bloomberg. The company said second-quarter revenue was little changed at $3.24 billion. Weaker patient volume and higher-than-anticipated bad debts are helping stall revenue growth, Community Health said.