Morning Briefing
Summaries of health policy coverage from major news organizations
Community Health System Explores Options To Shed More Hospitals
Apollo Global Management, a private equity group behind 18-hospital RCCH Health Partners, is in talks to acquire Community Health Systems' assets, according to Reuters. The story does not detail whether Apollo has an interest in buying all of CHS or select hospitals. Struggling CHS confirmed Monday that it has retained advisors to explore strategic options. CHS owns 159 hospitals. It is shedding hospitals to reduce debt and improve operating performance. (Barkholz, 9/19)
Community Health Systems is pondering its聽future corporate聽structure聽as the health care heavyweight tries to manage聽a聽heavy debt load while pivoting to聽a new business strategy. The Franklin-based company, which previously focused on its聽fleet of hospitals in rural communities,聽has turned its attention to聽key metropolitan areas, such as Knoxville, Birmingham, Ala., and Fort Wayne, Ind., that also serve small towns. (Fletcher, 9/19)