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Troubled hospital giant CHS looking to sell its business

September 19, 2016

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Troubled Community Health Systems is considering selling its entire business, according to various reports Friday.Quoting anonymous sources “with knowledge of the matter,” Bloomberg said hospital giant CHS had enlisted advisers to consider options.

Deliberations are in the early stages and there is no certainty of a deal, according to reports.CHS’s battered stock price surged on the rumors, closing up 16% Friday to $12.27 per share.CHS spokeswoman Tomi Galen said CHS does not comment on rumors.

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