Here's Why Community Health Systems Surged Today
Shares of Community Health Systems (NYSE: CYH), a major operator of U.S. hospitals, jumped 12.8% on Monday before finishing the session about 8.7% higher. The ASL Strategic Value Fund sent a letter to the company's board of directors urging it to do its fiduciary duty to shareholders. Citing billions lost in association with "the ill-conceived and poorly executed HMA acquisition," the fund feels that relieving Wayne Smith of his role as CEO is step one.
Smith led the $3.9 acquisition of Health Management Associates that also saddled Community Health Systems with $3.7 billion in debt. Since completing the deal in early 2014, the stock has fallen about 77%.
Image source: Getty Images.
Source: Fool.com
HCA Holdings Inc. Aktie
347,30 €
-0,12 %
Die HCA Holdings Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 435 € für HCA Holdings Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 347.3 €.
