FRANKLIN, Tenn. & MENLO PARK, Calif.--(BUSINESS WIRE)--Jan. 11, 2018--
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.
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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.
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Source: Community Health Systems, Inc.
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
