Community Health Systems, Inc. (CHS) has recently completed the sale of its 80% ownership interest in Tennova Healthcare * Clarksville, along with certain ancillary businesses, for a purchase price of $623 million in cash. Additionally, subsidiaries of CHS distributed approximately $23 million in cash to the Purchaser for their share of amounts owed to the Joint Ventures by CHS.
The unaudited pro forma condensed consolidated balance sheet of CHS as of September 30, 2025, shows a significant increase in cash and cash equivalents, which rose from $123 million to $712 million after the sale. The balance sheet also reflects adjustments in various current assets, property and equipment, goodwill, and other assets, resulting in total assets of $13,391 million.
On the liabilities side, CHS reported current liabilities of $2,226 million, including accounts payable, accrued liabilities, and current maturities of long-term debt. The long-term debt stood at $10,589 million, contributing to total liabilities of $14,234 million. The stockholders' deficit, including both Community Health Systems, Inc. stockholders and noncontrolling interests in equity of consolidated subsidiaries, was reported at $1,096 million.
Furthermore, the unaudited pro forma condensed consolidated statement of income for the nine months ended September 30, 2025, and the statement of loss for the year ended December 31, 2024, illustrates the estimated effect of the company's disposition as if the transaction had occurred on January 1, 2024.
The net operating revenues for the nine months ended September 30, 2025, were adjusted to $9,149 million, with operating costs and expenses also reflecting pro forma adjustments. The income from operations was reported at $976 million, with a net income attributable to Community Health Systems, Inc. stockholders of $338 million.
For the year ended December 31, 2024, the net operating revenues were adjusted to $12,389 million, and the income from operations was reported at $752 million, with a net loss attributable to Community Health Systems, Inc. stockholders of $375 million.
The adjustments in the pro forma financial information primarily reflect the impact of the sale of the Facility, including the gain on sale, elimination of assets and liabilities held for sale, and the elimination of revenues, costs, and expenses directly attributable to the Facility.
These financial statements provide insights into the company's financial position and performance following the completion of the transaction, shedding light on the changes in various metrics since the last period. Today the company's shares have moved -4.19% to a price of $3.20. For the full picture, make sure to review COMMUNITY HEALTH SYSTEMS INC's 8-K report.
