CHS to Sell Two OK Hospitals to Ardent Subsidiary
Franklin, TN-based Community Health Systems acquired SouthCrest Hospital and Claremore Regional Hospital as part of its 2007 acquisition of Triad Hospitals. CHS currently owns, leases or operates 133 hospitals in 29 states with 19,500 licensed beds. It still owns three hospitals in Oklahoma: Deaconess Hospital in Oklahoma City, Ponca City Medical Center, and Woodward Regional Hospital in Woodward.
Efforts to reach CHS for comment were unsuccessful Wednesday.
CHS is embroiled in several lawsuits. One involves allegations that it overbilled Medicare by as much as $377 million. Those charges, levied by rival Tenet Healthcare in April, followed CHS's failed efforts to acquire Tenet. CHS denies the allegations.
In May, CHS disclosed in an SEC filing that it had been subpoenaed by two federal agencies, the SEC, and the Department of Health and Human Services Office of Inspector General in Houston.
And on Monday, a Minnesota pension fund filed a suit in U.S. District Court charging that CHS "wrongly inflated its financial performance." The pension fund is seeking damages in connection with its stock purchases.
Margaret Dick Tocknell is a reporter/editor with HealthLeaders Media.
- Ratcheting Up Patient Experience Has a Downside
- 'Mega Boards' Could be Rural Healthcare Disruptor
- Narrow Networks Enjoying a Resurgence
- HL20: Lee Aase—Who's Behind @MayoClinic
- HL20: Anne Wojcicki—Unlocking Consumer Access to Genetics
- 12 Hires to Keep Your Hospital Out of Trouble
- Meaningful Use Payment Adjustments Begin
- Physicians Trained in High-Cost Regions Spend More
- Taming Time and Moving Healthcare Data
- Christmas Tree Syndrome Season Underway