New York City Hedge Fund Purchases 8.4% of CHS Shares

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Glenview Capital Management has grown its ownership of Franklin, Tenn.-based hospital operator Community Health Systems, as the New York City-based hedge fund now owns 7.65 million CHS shares — roughly 8.4 percent of CHS' outstanding shares, according to a recent Schedule 13G form filed with the U.S. Securities and Exchange Commission.

Previously, Glenview Capital held roughly 1.63 million shares of CHS stock.

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Lawrence Robbins, CEO of Glenview Capital, has several other hospital stocks in his company's portfolio, including Naples, Fla.-based Health Management Associates (25.6 million shares), Dallas-based Tenet Healthcare (13.2 million shares), Nashville, Tenn.-based Hospital Corporation of America (8.4 million shares) and Brentwood, Tenn.-based LifePoint Hospitals (2.4 million shares).

Glenview Capital's biggest investments include Singapore-based electronics company Flextronics International as well as SiriusXM Radio and Xerox.

More Articles on CHS:

CHS Revises Credit Agreement for Acquisition Flexibility

For-Profit Hospital Stock Report: Week of Nov. 19-23, 2012

CHS 3Q Profit Plummets 40.5%

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