In April 2016, Nashville adds a new publicly-traded company to its roster, when Community Health Systems completes the spin-off of a new company, Quorum Health Corporation. Community Health Systems reports $1.2 billion in net proceeds from financing arrangements related to the spinoff of 38 of its hospitals into the separate, independent company.
Even after the divestiture, the Franklin, Tenn.-based system remains one of the nation’s three largest hospital companies, with 160 hospitals in 22 states.
