The fuzzy math around Community Health Systems' hospital sales
Community Health Systems, the struggling for-profit hospital company, recently conducted a 30-hospital fire sale to reduce its massive debt load. Top executives routinely said in earnings calls with investors they were selling "unproductive" hospitals for "outstanding prices."
What we found: An Axios analysis finds that, for at least some of those facilities, the numbers don't really match what executives said. CHS appears to have sold several profitable hospitals for below-average prices.