Investments
1Portfolio Exits
11Partners & Customers
10Service Providers
1About Community Health Systems
Community Health Systems (CHS) is a healthcare provider focused on developing and operating healthcare delivery systems. The company offers a range of healthcare services through its acute-care hospitals and additional care sites, including physician practices, urgent care centers, and specialized clinics. These services cater to various healthcare needs, aiming to improve patient health and provide value to communities. It was founded in 1985 and is based in Franklin, Tennessee.
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Research containing Community Health Systems
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CB Insights Intelligence Analysts have mentioned Community Health Systems in 1 CB Insights research brief, most recently on Jul 15, 2024.
Latest Community Health Systems News
Aug 22, 2024
A $65 million expansion of Sebastian Medical Center, that adds 48 private patient rooms, is scheduled for completion by the end of December. It is expected to serve its first patients in February. Officials from Steward Health Care, which owns the hospital, joined with general contractors from Suffolk Construction Wednesday to ceremonially place the final beam in the three-story building under construction at the rear of the hospital, 13695 U.S. 1 near Roseland Road. The 90,000-square-foot expansion was announced in January 2016 by former owner Community Health Systems Inc. and was expected to be completed in 2018. But the acquisition of Sebastian River Medical Center by Steward in May 2017 changed the construction timeline. The expansion moves the hospital’s main entrance and registration toward the back of the building. All pre-surgical services, operating rooms and recovery facilities now will be on the first floor. The second and third floors of the new wing each will have 24 beds, bringing the total number of licensed, inpatient patient beds to 202, an increase of 31%. “It was definitely time to upgrade to a new facility,” said Kyle Sanders, president of Sebastian River Medical Center. “This is a $65 million investment into the community.” A similar tower wing was opened in 2010, providing 42 private rooms and a 16-bed intensive-care unit. That expansion cost about $25 million. Sanders said the addition and reconstruction of the hospital’s first floor will help meet the needs of the Sebastian community well into the future. “With the last beam going up, it is a great time to celebrate this construction milestone,” said Sanders. “It also gives us the chance to recognize the great work they’ve done on this project.” Sebastian River Medical Center competes for patients with both Cleveland Clinic Indian River Hospital to the south and Health First’s Palm Bay Hospital to the north. Its new facilities will be attractive to patients who prefer private rooms, Sanders said. Surgeons and primary-care physicians participated in planning the expansion/renovation. The medical center is expanding its primary-care physician affiliations, particularly in Vero Beach, where 51 percent of primary-care doctors now are part of the Stewart Health Care network. “We’re definitely here for the long haul,” said Sanders. “We feel this project will allow us to better serve the community as a whole.”
Community Health Systems Investments
1 Investments
Community Health Systems has made 1 investments. Their latest investment was in US BioEnergy as part of their Unattributed VC - III on March 17, 2006.
Community Health Systems Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/17/2006 | Unattributed VC - III | US BioEnergy | $89.4M | Yes |
Date | 3/17/2006 |
|---|---|
Round | Unattributed VC - III |
Company | US BioEnergy |
Amount | $89.4M |
New? | Yes |
Co-Investors | |
Sources |
Community Health Systems Portfolio Exits
11 Portfolio Exits
Community Health Systems has 11 portfolio exits. Their latest portfolio exit was Bravera Health on December 01, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
12/1/2023 | Divestiture | Bravera Health | 2 | ||
1/13/2023 | Divestiture | 2 | |||
10/3/2017 | Acquired - II | 1 | |||
Date | 12/1/2023 | 1/13/2023 | 10/3/2017 | ||
|---|---|---|---|---|---|
Exit | Divestiture | Divestiture | Acquired - II | ||
Companies | Bravera Health | ||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 2 | 1 |
Community Health Systems Acquisitions
26 Acquisitions
Community Health Systems acquired 26 companies. Their latest acquisition was Physicians' Specialty Hospital on April 01, 2016.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/1/2016 | Corporate Majority | 2 | ||||
12/29/2015 | Corporate Majority | 1 | ||||
12/29/2015 | Corporate Majority | 1 | ||||
3/2/2015 | ||||||
3/2/2015 |
Date | 4/1/2016 | 12/29/2015 | 12/29/2015 | 3/2/2015 | 3/2/2015 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Corporate Majority | Corporate Majority | Corporate Majority | ||
Sources | 2 | 1 | 1 |
Community Health Systems Partners & Customers
10 Partners and customers
Community Health Systems has 10 strategic partners and customers. Community Health Systems recently partnered with Mark Cuban Cost Plus Drug Company on March 3, 2024.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/7/2024 | Partner | United States | 1 | ||
10/3/2023 | Partner | United States | CHS, MU Health Care expand partnership Columbia-based University of Missouri Health Care has expanded its strategic relationship with local hospitals belonging to Community Health Systems . | 1 | |
9/7/2023 | Partner | United States | 1 | ||
1/3/2023 | Partner | ||||
2/10/2022 | Partner |
Date | 3/7/2024 | 10/3/2023 | 9/7/2023 | 1/3/2023 | 2/10/2022 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | CHS, MU Health Care expand partnership Columbia-based University of Missouri Health Care has expanded its strategic relationship with local hospitals belonging to Community Health Systems . | ||||
Sources | 1 | 1 | 1 |
Community Health Systems Service Providers
1 Service Provider
Community Health Systems has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acquired - II | Investment Bank | Financial Advisor |
Service Provider | |
|---|---|
Associated Rounds | Acquired - II |
Provider Type | Investment Bank |
Service Type | Financial Advisor |
Partnership data by VentureSource
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