Shares of CHS close below $3 for first time

Shares of Franklin, Tenn.-based Community Health Systems closed July 10 at $2.97, their lowest closing price ever and down 4.8 percent from the day prior.

The 119-bed hospital chain's stock price traded as low as $2.88 on July 10 after closing July 9 at $3.12 per share. CHS' shares have lost 33.3 percent of their value in the past month, since hitting $4.45 June 11. 

CHS' share price began sinking June 29 after the company priced a new offering of approximately $1.03 billion of senior secured notes after markets closed June 28. The company intends to use the proceeds to pay off about $1.01 billion in outstanding term loans and related expenses.

More articles on healthcare finance:

CHS closes Missouri hospital; physicians put their money on the line to expand services
The biggest financial pain points hospitals feel right now: Experts weigh in
OIG tags Wisconsin hospital for erroneous billing

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy
.
 

Articles We Think You'll Like