Community Health Systems (CYH) makes an unsolicited bid to buy rival Tenet Healthcare (THC) for...

|About: Community Health Systems, Inc. (CYH)|By:, SA News Editor

Community Health Systems (CYH) makes an unsolicited bid to buy rival Tenet Healthcare (THC) for about $7.3B, including $4.3B in debt. The $6/share offer represents a 40% premium to Tenet's closing share price today. A combination of the two companies would create the second-largest hospital chain in the U.S. behind HCA. THC +48.2%, CYH -2.8% AH. (PR)