CHS shares jump 30%

More articles on healthcare financing: HCA execs keep cost-cutting strategy in back pocket for next yearUp to 28 Kentucky hospitals at danger of closure9 medical facilities with strong finances

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CHS announced after market close on Oct. 27 that it ended the 3rd quarter of this year with a revenue of $112 million, compared to a bottom line of $17 million in the very same period a year previously. The business likewise revealed that Wayne Smith, who has helmed CHS considering that 1997, will step away Jan. 1 from his function as CEO to end up being executive chair of the board of directors..

Shares of Franklin, Tenn.-based Community Health Systems skyrocketed 30 percent Oct. 28 after the for-profit healthcare facility chain said its longtime CEO would step down and it launched better-than-expected monetary outcomes for the 3rd quarter..

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The hospital chains shares traded between $4.83 and $6 Oct. 28 after closing Oct. 27 at $4.39. CHS shares closed Oct. 28 at $5.71, up 30 percent from a day previously..