Simplex Trading scoops up additional 64,958 shares in CHS

Chicago-based Simplex Trading purchased an additional 64,958 shares in Franklin, Tenn.-based hospital operator Community Health Systems, according to Trade Calls.

According to the disclosure report filed with the Securities and Exchange Commission Oct. 7, Simplex now owns a total of 74,435 shares in CHS, valued at $791,988.

The purchase comes after news that Chinese billionaire Tianqiao Chen, owner of Shanghai, China-based Shanda Asset Management Holding, increased his stake in CHS earlier this month. Mr. Chen released a statement saying the investment in no way reflects a desire to control CHS.

CHS issued a "poison pill" preventing any single shareholder from buying a controlling block of the company before CHS officials are able to fully review their options. Last month, the hospital operator declared its intent to explore financial alternatives after disclosing the company's growing financial troubles.

More articles on finance:
What this year's Nobel Memorial Prize in Economics means for ACOs, physician compensation
The 3 states where medical debt is the biggest source of debt
New legal challenge in Indiana could provide avenue for uninsured to question healthcare prices

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months