Community Health Systems reports $2.4-billion loss

By Hickks - Own work, CC BY-SA 3.0, Link

FORT WAYNE, Ind. (WOWO): The company that owns the Fort Wayne-based Lutheran Health Network continues to have money problems.

Financial analysts are warning clients holding stock in Community Health Systems that they expect the stock to lag behind the company’s peers over the next year after the company reported an annual loss of over $2.4-billion late last week.

The Journal Gazette reports most of that loss came in the fourth quarter of 2017, but the company says it still plans on building a new 100-bed, $100-million hospital in downtown Fort Wayne. Last year, the company lost $1.7-billion.

Its financial struggles were one of the factors in a failed takeover bid prompted by a group of Fort Wayne doctors last spring.

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