Community Health Systems sees major drop in net losses over 2017, reporting $328 million for Q4 2018
February 21, 2019 / Beth Jones Sanborn
Community Health System multi-layered strategic vision is progressing as the system saw a significant drop in its net losses year over year in the fourth quarter. The Tennessee-based system reported net losses attributable to Community Health Systems common stockholders of $328 million, or $2.91 per share diluted for the three months ended December 31, 2018. That's compared to $2.01 billion for the same period in 2017. For the year, CHS saw a net loss of $788 million, a big drop over the reported net loss of $2.459 billion for 2017. Additionally, Q4 net operating revenues rebounded at $3.45 billion a 12.9 percent increase for the same period in 2017.