Company that owns Jennersville Hospital is 'exploring options'
09/22/2016 10:15AM ● Published by J. Chambless
Jennersville Regional Hospital could be
in line for a change after Community Health Systems, Inc., which owns
three hospitals in Chester County as well as Pottstown Memorial
Medical Center, announced on Monday that the company is “exploring
a variety of options.”
There were reports late last week that Tennessee-based Community Health Systems was considering placing itself up for sale. On Sept. 19, a press release was issued by the company that confirmed discussions are taking place.
“The discussions are at a very preliminary stage and there is no timeline established for this review,” the press release reads. “There can be no certainty that the exploration will result in any kind of transaction.”
Community Health Systems owns, leases or operates 158 hospitals in 22 states, with nearly 27,000 licensed beds.
Wayne T. Smith, chairman and chief executive officer of Community Health Systems, commented in the press release, “Community Health Systems’ primary focus continues to be on delivering high-quality health services in the communities where we operate. Our management team is completely committed to efforts that advance clinical excellence, operational and financial performance and growth strategies that will benefit our organization and the customers we serve.”
In August, the company issued its second quarter results, showing a net loss of $1.43 billion. Community Health Systems owns total of 17 Pennsylvania hospitals.