Here's Why Community Health Systems Stock Is Surging 13% Higher Today
After the hospital systems operator provided a preliminary look at its financials from last year and offered up guidance for this year at the annual J.P. Morgan healthcare conference, shares of Community Health Systems (NYSE: CYH) were rallying 13% at 11:30 a.m. EST on Wednesday.
The heavily indebted hospital and outpatient facilities company is in the midst of a restructuring that includes divesting noncore hospitals and refinancing its debt. Today, management updated investors on its financial performance in 2019, providing them with preliminary, unaudited results. It also offered guidance for 2020.
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Source Fool.com
