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Chen's 22% stake in CHS carries clout—with or without a board seat

Chen's 22% stake in CHS carries clout—with or without a board seat

By Dave Barkholz  |  August 17, 2017

Chinese billionaire Tianqiao Chen as recently as February used his 10% stake in Legg Mason to gain two board seats at the asset-management firm, including the vice chairmanship for himself. His designs for CHS haven't been made public but he already carries weight with his holdings.

CHS fires CEO of dissident Fort Wayne hospitals

CHS fires CEO of dissident Fort Wayne hospitals

By Dave Barkholz  |  June 13, 2017

Brian Bauer, CEO of Community Health Systems' Fort Wayne hospitals, has been fired in the wake of a failed physician effort to find a buyer for the eight hospitals.

CHS rejects $2.4 billion buyout of its Fort Wayne hospitals

By Dave Barkholz  |  May 22, 2017

Community Health Systems has rejected a $2.4 billion buyout offer for its eight Fort Wayne, Ind., hospitals, saying Monday the proposal by physicians and private-equity players came in at least $1 billion lower than what it was worth.

Would CHS sell its 'crown jewel' hospitals in Fort Wayne?

Would CHS sell its 'crown jewel' hospitals in Fort Wayne?

By Dave Barkholz  |  May 19, 2017

The face of Community Health Systems would change dramatically if the hospital giant accepted a physician-led buyout offer for its eight hospitals in Fort Wayne, Ind. The eight hospitals that make up the Lutheran Health Network generate 15% to 20% of CHS earnings.

CHS' largest investor turns activist

CHS' largest investor turns activist

By Dave Barkholz  |  March 13, 2017

Chinese billionaire Tianqiao Chen, the largest shareholder of Community Health Systems, signaled Monday that his passive investment in the struggling hospital chain could turn activist.

CHS agrees to sell its 16th hospital under turnaround plan

By Dave Barkholz  |  March 03, 2017

Community Health Systems has found a buyer for its 125-bed Stringfellow Memorial Hospital in Anniston, Ala., the 16th hospital that it has agreed to divest since beginning a restructuring last year. The hospital will sell for $25 million.

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