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Reuters: Apollo Global in talks to buy Community Health Systems assets

Sep. 19, 2016 6:21 PM ETCommunity Health Systems, Inc. (CYH) StockBy: Carl Surran, SA News Editor6 Comments
  • Community Health Systems (NYSE:CYH) +7.1% AH higher following a Reuters report that Apollo Global Management (APO) is among P-E firms and REITs in talks to acquire some of the company's assets.
  • APO is seeking to add scale to its RegionalCare Hospital Partners portfolio company with more hospitals, according to the report.
  • CYH said earlier that it was in the early stages of exploring a variety of options with unnamed financial sponsors, as well as other unspecified alternatives.
  • On Friday, Bloomberg published a report speculating on a potential sale of CYH that offered few statistics.

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