Eight Hospitals from Community Health Systems, Inc.

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Eight Hospitals from Community Health Systems, Inc. - overview

Established

1985

Location

Franklin, TN-Tennessee, US

Primary Industry

Healthcare

About

Eight Hospitals, a health services provider, focuses on delivering quality care through its network of hospitals. It aims to enhance healthcare delivery and patient outcomes in the communities it serves. Eight Hospitals operates as a health services provider, primarily focusing on hospital management and healthcare services. It was founded in 1985 in Franklin, US.


The company was acquired in February 2017 by Steward Healthcare, a portfolio company of Cerberus Capital Management. The transaction was completed in May 2017. The firm does not have any reported subsidiaries. The acquisition marked a strategic pivot towards enhancing operational efficiencies and expanding service offerings under new management.


The company has engaged in one deal overall, with the most recent deal occurring in February 2017. The company specializes in providing comprehensive healthcare services across its network of hospitals. Its core offerings include patient care, emergency services, surgical services, and outpatient procedures. The hospitals cater to a diverse patient base, ensuring access to necessary medical care, including specialized services for various medical conditions.


These services are provided in various locations, ensuring local communities receive essential healthcare support. Eight Hospitals generates revenue primarily through patient services and hospital operations. The revenue model is structured around service fees from medical treatments, hospital stays, and specialized procedures. The exact financial figures for revenue are not disclosed, but the operations are designed to support financial sustainability and growth through efficient management of services and patient care.


Moving forward, Eight Hospitals is focused on optimizing its service delivery and expanding its healthcare offerings. Recent acquisitions and partnerships may facilitate the introduction of new medical services and technologies aimed at improving patient care. The company is also exploring opportunities for geographic expansion to enhance its reach in underserved regions, although specific markets and timelines for these initiatives have not been disclosed. The funding received from the acquisition in 2017 is expected to support these growth strategies, enabling the firm to enhance its operational capabilities and invest in new healthcare technologies.


Current Investors

Steward Healthcare

Primary Industry

Healthcare

Sub Industries

Hospitals

Website

www.chs.net

Company Stage

Add-on

Total Amount Raised

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Eight Hospitals from Community Health Systems, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedEight Hospitals from Community Health Systems, Inc.-

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Eight Hospitals from Community Health Systems, Inc. - employee data

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