Community Health Systems, Inc. (CYH) is one of the largest hospital operators in the U.S., with a focus on small and mid-sized markets in 29 states. Shares rose on strong second quarter results, driven by higher utilization and an improved payor mix stemming from health care reform and the improving economy. Management’s volume initiatives are taking hold. More states with large Community footprints are pursuing Medicaid expansion. Finally, the integration with HMA is going well, and we think synergies will ultimately exceed initial guidance. (Susan Robbins)
From Ron Baron (Trades, Portfolio)’s Baron Growth Fund Q3 2014 Report.
