Investigation Overview
February 19, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Community Health Systems (NYSE:CYH) shares over potential securities laws violations by Community Health Systems and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Community Health Systems (NYSE:CYH) concerning whether a series of statements by Community Health Systems regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 15, 2016, Community Health Systems announced its fourth quarter 2015 results. Community Health Systems reported that its annual Total Revenue rose from over $18.63 billion in 2014 to over $19.43 billion in 2015 and that its respective Net Income increased from $149.00 million to $194.00 million.
Shares of Community Health Systems (NYSE:CYH) declined from as high as $64.04 per share in June 2015 to as low as $12.86 per share on February 16, 2016.