Community Health Systems Says Its Selling Off Even More Hospitals
Community Health Systems is in the process of unloading 30 hospitals and discussed plans Wednesday for another round of sell-offs. The announcement comes as the Franklin-based company is trying to climb out from under a mountain of debt.
Downsizing wasn't the plan for CHS, which in 2013 had grown even larger than industry giant HCA. But on a quarterly earnings call, CEO Wayne Smith told analysts that selling the hospitals is meant to shed facilities that haven't been very profitable.
"We're excited about the opportunity," he said. "We're not that far off from turning the corner on all this."
But for now, earnings are down and projections were lowered even further as hospitals are seeing fewer patients.
Read more: http://nashvillepublicradio.org/post/community-health-systems-says-it-s-selling-even-more-hospitals
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My cousin is an RN, so when she and her husband moved to Tennessee, it was easier for her to find a job - she specializes in labor and delivery - than her husband, who's a chef. So they decided he'd be the one to stay home with their little girl 
Moved there from Western NC. It's a very pretty area, but I'm not sure what the economy is like there. 
Not near a major population area, so I couldn't help wondering if this area would be affected. Though I agree that nursing is a job that's always in demand, but not if local hospitals are closing.
It's my impression that it was fairly rural. I did spend time with her in NC, and she also commuted from the country to a major hospital in the city. It's really lovely country around there!
