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


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..