Financial PerformanceCYH delivered a solid quarter with relatively in-line fundamentals, improved cash flow generation, and continued execution on strategic initiatives.
Revenue GrowthSame-store revenue increased 5.7% driven by same-store adjusted admissions growth of 1.9% and a same-store revenue per adjusted admission growth of 3.7%.
Strategic DivestituresCYH continues to evaluate inbounds for divestitures and recently agreed to sell a 340 bed hospital in Tennessee at an attractive ~10x EBITDA multiple.