Community Health Systems (CHS) is a foundation based in Franklin, Tennessee. Founded in 1985, the organization along with its subsidiaries provides general and specialized hospital healthcare services to patients in the United States. The foundation and its affiliates own, operate or lease hospitals in non-urban and selected urban markets. The assets of the foundation are managed by the board of directors.Community Health Systems' investment portfolio is valued at over $15.60 billion, with investments in private equity and cash.