Top Healthcare Technology Stocks To Invest In Right Now: Community Health Systems Inc (CYH)
Community Health Systems, Inc., incorporated on June 6, 1996, is an operator of hospitals in the United States. The Company provides healthcare services through the hospitals that it owns and operates in non-urban and selected urban markets throughout the United States. As of December 31, 2012, the Company owned or leased 135 hospitals, Consisting of 131 general acute care hospitals and four standalone rehabilitation or psychiatric hospitals. These hospitals are geographically diversified across 29 states, with an aggregate of 20,334 licensed beds. The Company provides a range of general and specialized hospital healthcare services and other outpatient services to patients in the communities in which the Company are located. Services provided through its hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. On March 1, 2012, the Company acquired MetroSouth Medical Center in Blue Island, Illinois. On July 1, 2012, the Company's subsidiaries acquired all of the assets of Memorial Health Systems in York, Pennsylvania.
Effective January 1, 2012, the Company completed the acquisition of Moses Taylor Healthcare System based in Scranton, Pennsylvania, which is a healthcare system comprised of two acute care hospitals and other healthcare providers. This healthcare system includes Moses Taylor Hospital (217 licensed beds) located in Scranton, Pennsylvania, and Mid-Valley Hospital (25 licensed beds) located in Peckville, Pennsylvania. Effective March 5, 2012, the Company completed a merger with Diagnostic Clinic of Longview, P.A., which is a multi-specialty clinic serving residents of Longview, Texas and surrounding East Texas communities! . This healthcare system includes Memorial Hospital (100 licensed beds), the Surgical Center of York, and other outpatient and ancillary services. < /p>
The Company provides outpatient services at urg! ent care centers, occupational medicine clinics, imaging centers, cancer centers, ambulatory surgery centers and home health and hospice agencies. In addition to its hospitals and related businesses, the Company also own and operate 64 licensed home care agencies and 31 licensed hospice agencies, located primarily in markets where the Company also operate a hospital. Also, through its wholly owned subsidiary, Quorum Health Resources, LLC, or QHR, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States.
Advisors' Opinion:- [By Monica Wolfe]
Community Health Systems (CYH)
Richard Snow (Trades, Portfolio)'s largest holding is in Community Health Systems. The guru holds 2,452,485 shares of the company's stock, representing 3.8% of his total portfolio as well as 2.59% of the company's shares outstanding.
- [By Ben Levisohn]
Lee screened for stocks with low P/Es, positive net income growth, that had Overweight ratings by JPMorgan analysts and upside to analyst target prices. He found 19, including insurers MetLife (MET) and Aetna (AET), banking behemoth Wells Fargo (WFC), Meritage Homes (MTH) and hospital operator Community Health Systems (CYH).
source from Top Stocks For 2015:http://www.topstocksblog.com/top-healthcare-technology-stocks-to-invest-in-right-now-2.html
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