COMMUNITY HEALTH SYSTEMS INC (CYH) Form 8-K — Oct 28, 2026
Community Health Systems reported a Q3 2026 net loss of $(86) million, or $(0.63) per diluted share, swinging from net income of $130 million ($0.96/share) a year earlier. Revenue fell 10.7% to $2.757 billion, largely due to divestitures, while Adjusted EBITDA dropped 25.5% to $280 million. On a same-store basis the picture was better, with revenue up 3.8% and admissions up 2.2%, but management said payor mix and acuity did not develop as expected amid a challenging macro environment. Nine-month operating cash flow was negative $(55) million versus +$277 million a year ago, and Q3 quarterly operating cash flow improved to $155 million from $70 million.
Key figures
- Revenue
- 2757000000
- Guidance
- 2026: net operating revenues $11,300-$11,500M; Adjusted EBITDA $1,225-$1,275M; net loss per diluted share $(1.70)-$(1.60)
- Total Debt
- 9568000000
- Revenue Yoy
- -10.7%
- Total Assets
- 12108000000
- Cash Position
- 155000000
- Adjusted ebitda yoy
- -25.5%
- Abl borrowing capacity
- $745 million
- Adjusted ebitda q3 2025
- 376000000
- Adjusted ebitda q3 2026
- 280000000
- Operating cash flow q3 2025
- 70000000
- Operating cash flow q3 2026
- 155000000
- Same store revenue growth q3
- 3.8%
- Same store admissions growth q3
- 2.2%
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