Another quarter into its restructuring plan, Community Health Systems continues to hemorrhage red ink.
CHS, the parent company of Lutheran Health Network, this week reported an annual loss of more than $2.4 billion, with more than $2 billion of the total coming in the fourth quarter.
The filing prompted equity analysts at JPMorgan and Baird to repeat cautions to clients holding CHS stock. On Friday, JPMorgan reiterated its “underweight rating,” meaning that analysts expect the stock's performance will lag behind the company's peers over the next six to 12 months.
Even so, CHS remains committed to building a new downtown Fort Wayne hospital, according to Tomi Galen, CHS spokeswoman.
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