Community Health Systems’ operating income declines amid rising expenses

Community Health Systems more than doubled its profits in the fourth quarter,  but high labor costs and inflation continued to pressure its results.

The Franklin, Tennessee-based for-profit system on Wednesday reported fourth-quarter net income of $414 million, or $3.18 per share, compared with $178 million, or $1.34 per share, a year ago. The results included a $180 million gain from early debt extinguishment and $119 million from…