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CHS CEO "wouldn't do" major hospital merger again

Community Health Systems operates 133 hospitals across the country. Photo: Bradley C. Bower / Bloomberg via Getty

At the J.P. Morgan Healthcare Conference, I asked Wayne Smith, CEO of Community Health Systems, if he would go through with the 2014 acquisition of Health Management Associates again given CHS's massive debt load and deteriorating financials. Here's what Smith said:

"Based on the facts and circumstances at the time, I certainly would do the deal. Based on a retro view of it, I wouldn't do the deal."

Go deeper: The collapse of Community Health Systems.

Go deeper

Andrew Freedman
Updated 12 mins ago - Energy & Environment

Super typhoon Surigae explodes to Cat. 5 intensity

Super Typhoon Surigae seen on satellite imagery Saturday morning east of the Philippines. (CIRA/RAMMB)

Super Typhoon Surigae surged in intensity from a Category 1 storm on Friday to a beastly Category 5 monster on Saturday, with maximum sustained winds estimated at 190 mph with higher gusts.

Why it matters: This storm — known as Typhoon Bising in the Philippines — is just the latest of many tropical cyclones to undergo a process known as rapid intensification, a feat that studies show is becoming more common due to climate change.

Go deeper (1 min. read)Arrow
Axios
Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Global COVID-19 death toll surpasses 3 million — Telehealth brings moms-to-be improved care.
  2. Vaccines: CDC says U.S. has administered more than 200 million COVID-19 vaccine doses — J&J vaccine pause hurts its reputation — Americans will likely have to navigate a maze of vaccine "passports".
  3. World: Head of world's largest vaccine maker urges Biden to lift export ban on raw materials.
  4. Food: COVID-19 smell loss leads to culinary experimentation.
  5. Variant tracker: Where different strains are spreading.
Go deeper (1 min. read)Arrow
Oriana Gonzalez
Updated 4 hours ago - Politics & Policy

What we know about the victims of the Indianapolis mass shooting

Leaders of the Sikh Satsang of Indianapolis participate in an interview addressing their grief. Photo: Jon Cherry/Getty Images

Law enforcement in Indianapolis have identified the eight people killed in Thursday's shooting at a FedEx facility.

The big picture: The Sikh Coalition said at least four of the eight victims were members of the Indianapolis Sikh community.

Go deeper (1 min. read)Arrow