NEW YORK--(BUSINESS WIRE)--
Levi & Korsinsky, LLP announces that it has commenced an investigation of Community Health Systems, Inc. (“Community Health” or the “Company”) (NYSE:CYH) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
On October 27, 2016, Community Health issued preliminary results for its third quarter 2016, announcing an EBITDA of $465 million, missing projected expectations of $571 million. The Company stated: “The lower than anticipated results were primarily caused by lower than expected volume and the resulting lower net operating revenues, as well as larger than anticipated reductions to reimbursement from state supplemental programs. Our results were also impacted by a failure to achieve anticipated expense reductions….” Following this news, shares of Community Health fell from a close of $10.03 on October 26, 2016, to a close of just $5.05 on October 27, 2016. To obtain additional information about the investigation, go to:
http://zlk.9nl.com/community-health-cyh
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
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