Franklin, TN-based Community Health third-quarter profit rises

Franklin, TN-based Hospital operator Community Health Systems Inc. announced its third-quarter profit almost quadrupled, helped by a 23% increase in admissions due primarily to expansion of its hospital network last year. The company posted a net profit of $50.4 million, or 53 cents per share, compared with a profit of $10.5 million, or 11 cents per share, a year ago.