# Community Health Systems

Community Health Systems is an Endowment / Foundation based in Franklin, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Franklin, United States
- **Region:** North America
- **Address:** 4000 Meridian Boulevard, Franklin, TN 37067
- **Founded:** 1985
- **Assets under management:** 14400 (Altss estimate)
- **Website:** chs.net
- **LinkedIn:** https://www.linkedin.com/company/community-health-systems

## Regulatory record

- **Reports private funds:** No

## About

Community Health Systems was established in 1985 by Wayne T. Smith. It grew from a single facility into a Fortune 500 hospital operator with holdings in 13 states. The firm owns and operates acute care hospitals, physician practices, and outpatient centers. Confirmed positions include Tennova Healthcare - Clarksville at 80 percent ownership through a joint venture with Vanderbilt University Medical Center and Merit Health Madison at 50 percent ownership. Geographic footprint covers Tennessee, Alabama, Indiana, Arkansas, and Mississippi. Asset classes include hospital real estate, medical equipment, and corporate aircraft. The company employs 61,000 people. It maintains the Community Health Systems Foundation established in 2005 for community health grants. Recent conference appearances include speaker roles at the J.P. Morgan 2026 Global Leveraged Finance Conference and the Barclays 28th Annual Global Healthcare Conference. Ownership is structured through Community Health Systems, Inc. as the parent holding company with multiple LLC subsidiaries for individual facilities. The firm reports directly to public shareholders rather than a private family mandate.

## Sectors

- Healthcare Services

## People

- Wayne T. Smith — Chairman of the Board
- Tim L. Hingtgen — Chief Executive Officer
- Kevin Hammons — President and Chief Financial Officer

## Questions

### Who runs investment decisions at Community Health Systems?

Tim L. Hingtgen serves as Chief Executive Officer and Director. Kevin Hammons serves as President and Chief Financial Officer. Both hold seats on the board.

### Does Community Health Systems participate in fund commitments or only direct deals?

The firm executes direct ownership of hospital assets and joint ventures. It does not commit capital to external funds.

### What investment stages does Community Health Systems typically target?

The firm targets long-term ownership of operating hospitals with investment horizons between 5 and 10 years.

### How is Community Health Systems related to Vanderbilt University Medical Center?

The two entities formed a joint venture that owns Tennova Healthcare facilities in Tennessee.

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- [Baloise Insurance](https://altss.com/profile/baloise-insurance)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/community-health-systems

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