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Seeking Truth From Facts – Saturday, November 23, 2013

|Includes:Community Health Systems, Inc. (CYH), HMA

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Community Health Systems and Health Management Associates Announce S-4 Filing Declared Effective by SEC

Disclosure: I am long HMA.

Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

Stocks: CYH, HMA