Community Health Systems
Encyclopedia
Community Health Systems Inc. is a Fortune 500
company based in Franklin, Tennessee
. It is the largest non-urban provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of May 2009, it operates 120 hospitals in 28 states. After purchasing Triad, Inc., it divested itself of its interest in a facility in Ireland.
spinoff Republic Health Corporation, formed Community Health Systems in 1985.
The company made its initial public offering in 1991. In 1996, the company was purchased by private equity firm Forstmann Little & Company
. Community Health Systems went public
again in 2000.
Currently it is being accused by Tenet Healthcare of overbilling Medicare in it's aggressive admissions policy compared to it's peers. It was subpoenaed by Medicare on its aggressive billing to the Medicare systems.
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
company based in Franklin, Tennessee
Franklin, Tennessee
Franklin is a city within and the county seat of Williamson County, Tennessee, United States. The population was 62,487 as of the 2010 census Franklin is located approximately south of downtown Nashville.-History:...
. It is the largest non-urban provider of general hospital healthcare services in the United States in terms of number of acute care facilities. As of May 2009, it operates 120 hospitals in 28 states. After purchasing Triad, Inc., it divested itself of its interest in a facility in Ireland.
History
E. Thomas Chaney, former executive of Hospital Affiliates, Inc. and Charles Miller and Richard Ragsdale, former executives at Hospital Corporation of AmericaHospital Corporation of America
Hospital Corporation of America is the largest private operator of health care facilities in the world, It is based in Nashville, Tennessee and is widely considered to be the single largest factor in making that city a hotspot for healthcare enterprise.-History:The founders of HCA include Jack C....
spinoff Republic Health Corporation, formed Community Health Systems in 1985.
The company made its initial public offering in 1991. In 1996, the company was purchased by private equity firm Forstmann Little & Company
Forstmann Little & Company
Forstmann, Little & Company is a private equity firm, specializing in leveraged buyouts . At its peak in the late 1990s, Forstmann Little was among the largest private equity firms globally...
. Community Health Systems went public
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
again in 2000.
Currently it is being accused by Tenet Healthcare of overbilling Medicare in it's aggressive admissions policy compared to it's peers. It was subpoenaed by Medicare on its aggressive billing to the Medicare systems.
External links
- Community Health Systems
- Fortune 500 2007: Community Health Systems
- News stories on Community Health Systems from NashvillePost.comNashvillePost.comNashvillePost.com is an online news service covering business and politics in the Nashville, Tennessee metropolitan area. It is locally owned and available by subscription....