Community Health Systems

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The former Naples-based hospital chain Health Management Associates will pay more than $260 million to resolve criminal and civil allegations of health-care fraud. 

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It's been a difficult week for Bayfront Health System's parent company. Shares of Community Health Systems fell 50 percent last week, and the company reported a $79 million third-quarter loss on Tuesday.

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As Bayfront Health St. Petersburg transformed from a non-profit hospital losing money to a slimmed down for-profit venture with corporate headquarters in Tennessee, it reduced the amount of charity care the hospital provides, the Tampa Bay Times reports.

Marion County Hospital District trustees say Community Health Systems, a health care company currently leasing Munroe Regional Medical Center, has failed to create a sufficient improvement plan for the hospital, the Ocala Star-Banner reports.

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Community Health Systems, which operates 24 hospitals in Florida, said a cyber attack took information on more than 4 million patients from its computer network earlier this year.

The Franklin, Tennessee, company said Monday that no medical or credit card records were taken in the attack, which may have happened in April and June. But Community said the attack did bypass its security systems to take patient names, addresses, birth dates, and phone and Social Security numbers.

Showing once again that hospitals' charges bear no relation to what a stay actually costs for most patients, Medicare officials on Monday released data showing sticker prices soared by four times the rate of inflation.

There are worrisome signs that actual spending is being forced up, as well, because of hospital systems' growing size. The bigger the hospital system, the more clout it tends to have in negotiating contracts with health plans.

The independently owned Bert Fish Medical Center is back on the market after a second try at acquisition fell through, the Orlando Sentinel reports. 

Public trading of shares for the Naples-based Health Management Associates chain ended Monday, as its multibillion-dollar sale neared completion. HMA’s 23 hospitals will now be added to the Community Health Systems’ chain.

The New York Stock Exchange suspended trading of the HMA stock, which has been converted into shares for its new parent company, Community Health Systems, according to corporate disclosure statements.

Troubling allegations continue to emerge that the Naples-based Health Management Associates illegally pressured doctors and hospital staffs to admit and illegally bill Medicaid and Medicare, all in the name of making money.

The Federal Trade Commission announced Wednesday that it will approve the sale of the troubled Naples-based hospital chain Health Management Associates if the buyer divests some of its holdings.

Tennessee-based Community Health Systems is a step closer to its purchase of the Health Management Associates chain and its 23 hospitals in Florida. Shareholders nearly unanimously approved the buyout Wednesday in Naples, despite a small protest from members of a nurses union, according to the Fort Myers News-Press.

The new board of directors at Health Management Associates, Inc. has approved a merger with Community Health Systems, Inc., the Ocala Star-Banner reports. The $7.6-billion deal was announced in July, but soon after, several new members became part of the HMA board. The board unanimously approved the acquisition by CHS.

Community Health Systems agreed Tuesday to pay $3.6 billion in cash and stock for Naples-based Health Management Associates, which will give Bayfront Medical Center in St. Petersburg a new owner.

The combination of the two for-profit chains will total 206 hospitals in 29 states, the New York Times reports.