Community Health Systems
Ticker: CYH
YTD stock performance: -53%
Market cap: $1.6 billion
Fortune 500 rank: 190

Community Health Systems suffered a bloody nose this year with a botched $3 billion hostile takeover of Tenet Healthcare. The company made a $6 per share stock and cash offer late in 2010, but it was rebuffed by Tenet's directors.

CHS then made the offer all-cash in April a week after Tenet sued it for allegedly over-admitting patients to draw more money from Medicare.

The company raised its offer to $7.25 per share at the start of May, but Tenet held firm, and the deal died days later.

CHS would continue to make acquisitions of hospitals here and there, with net revenue for the year climbing 9.8% to $10.2 billion after the third quarter. Analysts vary in their opinions, but investors have shunned the stock as uncertainty about the health care space hit hospital operators hard. It's feared that owners may have to shoulder more of the burden of Medicare and Medicaid costs with planned reform.


By CNNMoney's Ben Rooney and Fortune's Alex Konrad @FortuneMagazine - Last updated December 21 2011: 8:14 AM ET
Join the Conversation
Fortune 500: Top-performing stocks of 2011

It's been a hot and cold year for the stock market, but these Fortune 500 companies managed to float to the top with impressive gains. From Ross Stores to MasterCard, here are the biggest winners.

Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.