Community Health Systems ($CYH) closed 9 hospitals in the past 5 years. Shareholders lost $5 billion since 2015. Still, CEO Wayne Smith's pay rose 42% last year. Everyone loses at CHS except the CEO.
Investors, nurses, and patients agree: Wayne Smith must go.
#JPM2020
Most hospitals do not frequently take patients to court over medical debt. But since 2015, a medical center in New Mexico has filed lawsuits by the thousands. https://t.co/yJT6KoSqnb
A federal class-action complaint filed May 30 alleges Franklin, Tenn.-based Community Health Systems and three top executives made false and misleading statements about the company's business that artificially inflated its stock price. https://t.co/cG1Qi08Ctv
RNs at Greenbrier Valley Medical Center plan to hold an informational picket Saturday, May 18 to speak out about the eroding conditions at the hospital, including short staffing, inadequate supplies and maintenance problems that undermine hygiene. $CYH
https://t.co/l2V4Pqul62
Press Release: Nation’s Largest Nurse's Union Calls for Ouster of Wayne T. Smith, CEO of Community #Health Systems #Hospital Chain
NNU President @zenei_cortez: It appears that Smith’s primary goal has been to enrich himself at the expense of patients.
https://t.co/iGSg5tYsnJ
It's time for new leadership at Community Health Systems $CYH, says @NationalNurses. No more overpaying CEOs, overcharging Patients, and understaffing Hospitals
https://t.co/aUKk0UW9AC
CHS gave CEO Wayne Smith a raise of more than $2 million (up to $7 million) for continuing to run the company into the ground. How could $7 million help patients at your CHS hospital?
Franklin, Tenn.-based Community Health Systems, which operates 106 hospitals in 18 states, saw its net loss swell in the first quarter of 2019. https://t.co/m6kFBKYx3Z