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Group Well being Methods Plans Quorum Hospital Spinoff

on Dec 14, 2013 in Eat Smart

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Community Health SystemsOn Monday, 18 August, it was revealed by US hospital operator Community Well being Programs that they’ve been suffered from data breached In this breach hackers have stolen the private knowledge of the hospitals worker and of endurance too that features patient names, addresses, birth knowledge, cellphone numbers and Social Safety numbers. St. Francis introduced final week that it was entering exclusive discussions” with a subsidiary of Group Health Programs, a deal that grew to become mandatory when the Columbus hospital disclosed late final yr that it had an almost $30 million accounting error. When the Piedmont exclusivity agreement ended, Bradley stated St. Francis reached out to Neighborhood Health and others.Community Health Systems

Community Health Methods is a publicly traded firm on the New York Inventory Change that operates 200 hospitals in 29 states. After reconnecting, a gaggle of St. Francis board members and physicians lately visited Lutheran Hospital of Indiana, a Fort Wayne facility owned by Neighborhood Well being Systems. A team from Group Well being Methods will are available in and do due diligence, touring the facilities and talking with folks working at the hospital, Wilson said.

Earlier than the exclusivity settlement was announced with Neighborhood Health Techniques last week, the St. Francis board introduced in Kirk Wilson, previously the president and CEO of St. Joseph’s Health Methods in Atlanta, to take over as interim chief govt officer. The inventory is trading at a low P/B ratio of 2.fifty nine (an trade average is 1.51), above its 1-year low of $2.21.

St. Francis — earlier than my time — did a superb job righting the ship financially; and has done what they should do to get this group in good shape to enter into a transaction with a celebration like Community Well being Systems,” he mentioned. You can too find solutions to among the most continuously asked questions about women veterans health care.

A P/B ratio of lower than 1.0 can point out that a stock is undervalued, whereas a ratio of better than 1.0 could indicate that a stock is overvalued. Community Health Techniques ( NYSE:CYH ) at its newest closing price of $26.30, it has a value-to-e-book ratio of 0.74 compared to an business common at 4.91. Tracking last five years, its gross sales declined 9.70% a 12 months on average and the company’s internet income declined by a mean charge of -13.00%. He joined Community Well being Programs in June 2001 as a gaggle assistant vp.

Community Health Systems