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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

Wall Street's wobble disrupts record stock market boom

People walk by the New York Stock Exchange earlier this month. Photo: Spencer Platt/Getty Images

Monday interrupted a stretch of calm amid the historic stock market boom underway since March 2020.

Driving the news: Jitters were apparent nearly everywhere.

1 hour ago - Health

First Texas doctor sued for performing abortion in violation of new law

Abortion rights activists march to the house of US Supreme Court Justice Brett Kavanaugh in Chevy Chase Maryland, on Sept. 13, 2021, following the court's decision to uphold a stringent abortion law in Texas. Photo: Nicholas Kamm/AFP via Getty Images

A San Antonio physician is facing a lawsuit after he admitted performing an abortion considered illegal under Texas' new law.

Why it matters: The civil suit, filed by a convicted felon in Arkansas, against Alan Braid is the first such suit under the law that allows private citizens to sue anyone who helps a pregnant person obtain an abortion after six weeks.

3 hours ago - Politics & Policy

Democrats propose raising debt ceiling through midterms

Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer. Photo: Stefani Reynolds/Bloomberg via Getty Images

House and Senate leadership announced on Monday that they plan to attach a proposal to raise the debt ceiling through Dec. 2022 to a short-term, government funding bill. The bill must pass before the end of the month or Congress risks a shutdown.

Why it matters: Democrats are taking a huge risk by trying to force through an increase of the debt limit in its must-pass funding bill. The move is wishful thinking on behalf of Democrats who are hoping they can get at least 10 centrist Republicans to balk, as well as an effort to put Republicans on record opposing it.