New York City Hedge Fund Purchases 8.4% of CHS Shares

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.

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.

New York City Hedge Fund Purchases 8.4% of CHS Shares

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