Community Health Systems (CYH)
Runs acute-care hospitals and outpatient sites through local operating subsidiaries.
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Owns, leases, and operates acute-care hospitals, physician practices, emergency, surgery, imaging, cancer, occupational medicine, and ambulatory surgery sites. Revenue depends on government programs, private insurers, and patient volumes, while portfolio pruning has made the footprint smaller and more focused.
Owns, leases, and operates general acute-care hospitals and related outpatient facilities through indirect subsidiaries. Services span emergency care, surgery, critical care, internal medicine, obstetrics, diagnostics, psychiatric care, rehabilitation, physician practices, urgent care, imaging, cancer care, occupational medicine, and ambulatory surgery.
Reports one hospital-operations segment, with revenue generated from government programs, managed-care plans, other third-party payors, and patients. The footprint is concentrated in the United States, with meaningful exposure to non-urban local markets and selected regional networks rather than a broad international platform.
Uses standardized operating processes, patient-safety programs, physician recruitment support, and local market coordination to run smaller community healthcare systems. Reimbursement rules, labor availability, outpatient migration, compliance obligations, and divestiture-driven portfolio pruning shape the business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 27, 2026 | Truist Financial | Target | Target: $3.75 | Target: $3.25 |
| Jul 24, 2026 | UBS | Reiterate | Rating: —Target: $3.70 | Target: $3 |
| Jul 23, 2026 | Barclays | Reiterate | Rating: —Target: $3 | Target: $2.50 |
| Jul 14, 2026 | Truist Financial | Target | Target: $3 | Target: $3.75 |
| Jul 8, 2026 | Barclays | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $149.0M · Total debt $10.21B · Total assets $12.18B · Shareholders' equity −$1.39B
- Revenue
- $4.06B
- Operating income
- $389.0M
- Net income
- $70.0M
No dividends on record.
| Institutions | 83.85% | 118.23M shares | |
|---|---|---|---|
| 188 holders · as of Jun 30, 2026 | |||
| Insiders | 14.00% | 19.75M shares | |
| 21 holders · as of Aug 25, 2026 | |||
| Strategic holders | 15.95% | 22.49M shares | |
| 2 holders · as of May 15, 2026 | |||
| Adds to | 113.80% | ||
141.01M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 113.80%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Castleknight Management LPInstitution | 9.49% | 13.38M | as of Jun 30, 2026 |
CastleKnight Master Fund LPInstitution | 8.98% | 12.67M | filed May 15, 2026 |
Apollo Management Holdings, L.P.Institution | 8.41% | 11.86M | as of Jun 30, 2026 |
Apollo Management Holdings GP, LLCStrategic | 8.15% | 11.49M | filed May 15, 2026 |
Franklin Resources, Inc.Strategic | 7.80% | 11.00M | filed Feb 1, 2021 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | William Norris Jennings | director | −40,000 | $2.96 |
- HCA Healthcare
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- Universal Health Services
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- Ardent Health
Mid-sized-market acute-care and outpatient network peer
- Surgery Partners
Focused outpatient-surgery and surgical-hospital rival
- Encompass Health
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- Acadia Healthcare
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Community Health Systems | $3.01 | +3.98% | $407.5M | — | — | 0.0 | −9.8% |
| HCA Healthcare | $439.08 | +3.08% | $92.22B | 14.3 | 14.3 | 1.2 | +8.7% |
| Tenet Healthcare | $264.06 | +1.18% | $21.01B | 10.1 | 12.7 | 1.0 | +6.8% |
| Universal Health Services | $180.14 | +3.09% | $10.58B | 7.2 | 7.8 | 0.6 | +8.3% |
| Ardent Health | $10.96 | +3.30% | $1.52B | 19.3 | 9.8 | 0.2 | −1.4% |
| Surgery Partners | $15.51 | +13.51% | $1.79B | — | 36.1 | 0.5 | +2.8% |
| Encompass Health | $124.62 | +2.52% | $12.06B | 19.8 | 19.5 | 1.9 | +9.6% |
| Acadia Healthcare | $29.47 | +3.88% | $2.64B | — | 17.7 | 0.8 | −0.4% |
| Median | 14.3 | 14.3 | 0.8 | +6.8% |