Shareholders of Franklin-based Community Health Systems accuse the for-profit hospital chain of downplaying its precarious finances and even hiding its troubles through accounting tricks.
Longtime CHS Chief Stepping Down After Years Of Struggle To Turn Around Hospital Chain
Wayne Smith has led the hospital chain Community Health Systems for 23 years. It briefly ran even more hospitals than HCA. But in recent years, the company has been forced to sell off dozens of them.
CHS Looks to Non-Profit Hospitals for Bottom Line Boost
Community Health has purchased more than 100 hospitals since 2000. Smith says about half of those were non-profits, mostly owned by cities and counties. Now they’re an important part of the company’s bottom line
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