Thursday, January 11, 2018 8:49:23 AM
January 11, 2018 07:45 AM Eastern Time
FRANKLIN, Tenn. & MENLO PARK, Calif.--(EON: Enhanced Online News)--
On January 11, 2018, members of Shanda Group filed an amendment to Shanda’s Schedule 13D with the Securities and Exchange Commission to disclose an increase in its investment in Community Health Systems (NYSE: CYH). Shanda, together with its affiliates, is CYH’s largest shareholder and holds approximately 24.0% of the Company’s outstanding common stock.
“We have consistently maintained a good relationship with CYH and are supportive of the Company and its management team as they continue to execute on the Company’s strategic objectives.”
Robert Chiu, group president of Shanda Group, stated, “We have consistently maintained a good relationship with CYH and are supportive of the Company and its management team as they continue to execute on the Company’s strategic objectives.”
Wayne T. Smith, chairman and chief executive officer of the Company, stated, “We are pleased with Shanda’s continued support and welcome and value the input of Shanda and all of our stockholders.”
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country. The Company, through its subsidiaries, owns, leases or operates 127 affiliated hospitals in 20 states with an aggregate of approximately 21,000 licensed beds. The Company’s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” More information about the Company can be found on its website at www.chs.net.
About Shanda Group
Shanda Group is a private investment firm involved in public market, private equity and real estate investments around the world. Shanda Group was founded in 1999 and was one of the earliest and leading Internet conglomerates in China. Its parent company, Shanda Interactive Entertainment Limited, completed its IPO in 2004 and was the first Chinese online game company successfully listed on NASDAQ. Committed to bringing positive changes to the world, Shanda Group actively supports philanthropic efforts with a particular focus on fundamental research for brain science.
For more information on Shanda’s Schedule 13D/A filing, please visit www.sec.gov.
Forward-Looking Statements
Statements contained in this news release regarding potential transactions, operating results, and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts
Community Health Systems, Inc.
Investor Contact:
Thomas J. Aaron, 615-465-7000
Executive Vice President and Chief Financial Officer
or
Ross W. Comeaux, 615-465-7012
Vice President – Investor Relations
or
Media Contact:
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications, Marketing and Public Affairs
or
Shanda Group
Jason Reindorp, 650-656-9574
Head of Global PR & Communications
__________________________________________________
CYH
Recent CYH News
- Community Health Systems’ Northwest Healthcare to Acquire 10 Carbon Health Urgent Care Centers in Arizona • Business Wire • 09/16/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/11/2024 08:33:40 PM
- Community Health Systems Announces That Lynn Simon, MD, President, Healthcare Innovation and Chief Medical Officer, Will Retire and Transition Into a Consulting Role at the End of the Year • Business Wire • 09/11/2024 08:15:00 PM
- Community Health Systems to Participate in the 2024 Wells Fargo Healthcare Conference • Business Wire • 08/28/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:30:10 PM
- Community Health Systems Completes Divestiture of Cleveland, Tennessee, Hospital to Hamilton Health Care System • Business Wire • 08/01/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 09:11:44 PM
- Community Health Systems Announces Definitive Agreement to Sell Three Pennsylvania Hospitals to WoodBridge Healthcare Inc. • Business Wire • 07/30/2024 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/25/2024 08:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 08:30:20 PM
- Community Health Systems, Inc. Announces Second Quarter Ended June 30, 2024 Results • Business Wire • 07/24/2024 08:15:00 PM
- Community Health Systems Releases 2024 Community Impact Report • Business Wire • 07/23/2024 08:15:00 PM
- Community Health Systems to Webcast Second Quarter 2024 Conference Call • Business Wire • 07/10/2024 03:00:00 PM
- Community Health Systems Expands Partnership With Mark Cuban Cost Plus Drugs • Business Wire • 06/27/2024 12:00:00 PM
- Community Health Systems, Inc. Provides Update Regarding Lake Norman Regional Medical Center and Davis Regional Psychiatric Hospital • Business Wire • 06/19/2024 10:29:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:58:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 08:15:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 08:15:19 PM
- Community Health Systems, Inc. Announces Pricing of $1,225.0 Million Tack-On Offering of 10.875% Senior Secured Notes Due 2032 • Business Wire • 05/21/2024 08:34:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 12:28:00 PM
- Community Health Systems, Inc. Announces Tack-On Offering of $1,125.0 Million 10.875% Senior Secured Notes Due 2032 • Business Wire • 05/21/2024 12:10:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 08:02:07 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:33:25 PM
- Community Health Systems, Inc. Announces Election of New Independent Director • Business Wire • 05/07/2024 08:15:00 PM
- Community Health Systems to Participate in 2024 RBC Capital Markets Global Healthcare Conference • Business Wire • 05/07/2024 03:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM