Shares of Community Health Systems, Inc. (CYH, Financial), one of the largest publicly traded hospital companies in the U.S. and a leading operator of general acute care hospitals in non-urban and mid-sized markets, fell 11.5% in the third quarter. The company pre-announced a rare earnings miss as lower volumes continue to be an industry challenge. Further, investors were concerned about the lack of visibility on the closing of the highly accretive acquisition of Health Management Associates following its board's ouster. (Susan Robbins)
From Ron Baron's Baron Funds third quarter 2013 report.
From Ron Baron's Baron Funds third quarter 2013 report.
