public traded as nyse cyh industry health care founded 1985 founders richard ragsdale david steffy headquarters franklin tennessee united states key people wayne t. smith ceo larry cash cfo revenue 18.6 billion 2014 operating income 1.3 billion 2014 net income 136 million 2014 number of employees 135 000 website http www.chs.net community health systems inc. is a fortune 500 company based in franklin tennessee . it is the largest provider of general hospital healthcare services in the united states in terms of number of acute care facilities . 1 2 as of april 30 2016 it owns leases or operates 160 hospitals in 23 states . 1 in august 2015 the company announced plans to spin off 38 hospitals and its management and consulting subsidiary quorum health resources into a new publicly traded company called quorum health corporation . 3 the company completed the spinoff of quorum health corporation on april 29 2016 . quorum owns or leases hospitals across 16 states primarily in cities or counties with populations of 50 000 or less . it is listed on the new york stock exchange under the ticker symbol qhc . 2 history edit e. thomas chaney former executive of hospital affiliates inc. and david steffy and richard ragsdale former executives at hospital corporation of america spinoff republic health corporation formed community health systems in 1985 . 4 the company made its initial public offering in 1991 . in 1996 the company was purchased by private equity firm forstmann little & company . 5 community health systems went public again in 2000 . 6 in august 2003 the company acquires southside regional medical center . 7 on october 10 2015 the 372 bed grandview medical center began operating in birmingham alabama replacing trinity medical center . 8 in 2000 community health systems paid 31 million to the united states department of justice to settle a review of its billing practices . 9 in 2007 community health systems purchased plano texas based triad hospitals for 6.8 billion adding nearly 50 hospitals hospital management and consulting business quorum health resources and nearly doubling the size of the company . among the facilities included in the deal was mckenzie willamette hospital in springfield oregon ; trinity medical center in birmingham alabama ; and the seven hospitals of lutheran health network in the ft. wayne indiana region . 10 11 12 in 2010 mckenzie willamette s healthcare workers union seiu local 49 claimed that workload increases slashed benefits and staff reductions had lowered the quality of both patient care and quality of life for employees . 13 the union in its profits before community campaign against the hospital continues to highlight that profits have tripled while charitable care and employee benefits have steadily decreased since the hospital moved from a non profit to a for profit enterprise under chs . 14 in 2011 it was accused by tenet healthcare of overbilling medicare in its aggressive admissions policy compared to its peers . it was subpoenaed by medicare on its aggressive billing to the medicare systems . 15 in 2013 community health systems entered into an agreement with health management associates to purchase hma for about 3.6 billion in cash and stock . 16 the merger was completed in january 2014 and made community health systems the largest for profit hospital operator at the time 17 with 206 hospitals in 29 states . 18 on august 4th 2014 community health systems paid 95.14 million dollars to the united states department of justice to resolve multiple lawsuits alleging that the company knowingly billed government health care programs for inpatient services that should have been billed as outpatient or observation services . 19 as part of the agreement community health systems was required to enter into a corporate integrity agreement that required the company to participate in compliance efforts . it was reported on august 18 2014 that hackers broke into community health system s records system and stole data on 4.5 million patients . this data included names social security numbers physical addresses birthdays and telephone numbers . chs provided all patients whose records were impacted with free identity theft protection . 20 on february 2nd 2015 community health systems was required to pay 75 million to settle allegations that they made illegal donations to county governments to reap more federal dollars under a now discontinued matching program . 21 the allegations were brought about by a former chs employee in a complaint under the false claims act . 22 in october 2015 community health systems paid 13 million to the united states department of justice to resolve allegations related to the false claims act . 23 references edit community health systems to spin out new company nashville business journal . nashville business journal . retrieved 2015 11 09 . chs closes triad purchase . nashville business journal . 2007 07 25 . weaver christopher ; jaramillo cassandra . community health spinoff to focus on smaller markets . wall street journal . issn 0099 9660 . retrieved 2015 11 09 . business people ; 3 hospital bidders facing skepticism . new york times . 1987 04 13 . freundheim milt 2006 06 11 . forstmann to acquire community health for 1.1 billion . new york times . stock offerings are set . new york times . 2000 06 05 . community health systems acquires southside regional medical center in petersburg virginia . august 4 2003 . retrieved jul 26 2013 . ten things you need to know about trinity s move to 280 . al.com . retrieved 2015 12 14 . community health systems ends federal billing review with 31 million settlement nashville post . nashville post . retrieved 2016 08 17 . http www.bizjournals.com portland stories 2003 01 27 daily43.html jst s cn hl francis theo . community health to acquire rival triad . wall street journal . issn 0099 9660 . retrieved 2015 12 14 . community health systems inc. . www.sec.gov . retrieved 2015 12 14 . http special.registerguard.com csp cms sites web news sevendays 24964207 35 hospital mckenzie willamette health hagins.csp http www.seiu49.org 2013 12 11 mckenzie willamette profits before community community health faces inquiry on medicare claims . new york times . 2011 11 15 . de la merced michael j. 30 july 2013 . community health agrees to buy h.m.a. for 3.6 billion . new york ny new york times . dubois shelley 24 january 2014 . community health systems hma purchase clears hurdle . the tennessean . chs completes hma acquisition . www.beckershospitalreview.com . retrieved 2015 11 09 . community health systems inc. to pay 98.15 million to resolve false claims act allegations . www.justice.gov . retrieved 2016 08 17 . pagliery jose . hospital network hacked 4.5 million records stolen . cnnmoney . retrieved 2015 11 09 . community health systems to pay 75 million for alleged new mexico medicaid scheme . retrieved 2016 08 17 . llp phillips & cohen . whistleblower played key role in case that community health systems hospitals settle for 75 million . www.prnewswire.com . retrieved 2016 08 17 . doj settles with 450 hospitals for 250m over false claims act allegations fiercehealthcare . www.fiercehealthcare.com . retrieved 2016 08 17 . external links edit community health systems fortune 500 2007 community health systems news stories on community health systems from nashvillepost.com retrieved from https en.wikipedia.org w index.php title community health systems & oldid 737084532 categories companies listed on the new york stock exchangecompanies based in tennesseehospital networks in the united statescompanies based in nashville tennessee navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran aisbahasa indonesia edit links this page was last modified on 31 august 2016 at 17 30 . text is available under the creative commons attribution sharealike license ; 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