Community Health Stock Climbs On Q2 And Spinoff Plans

Community Health Systems (CYH) stock climbed more than 7% after hours in the stock market today as the acute care hospital operator reported second quarter profit that sailed past views and announced plans to create a new, publicly traded hospital company by spinning off a group of its hospitals to its shareholders. But overall, the report was mixed as both revenue and admissions trends slowed. Community Health reported adjusted earnings per share

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