Hospital operator Community Health Systems Inc has won approval to purchase Health Management Associates Inc on the condition that it sell hospitals in Alabama and South Carolina, the U.S. Federal Trade Commission said on Wednesday. Community Health Systems, the second-largest for-profit hospital operator in the United States, said in July that it would buy Health Management, a smaller rival, to strengthen its base of operations.
Community Health Systems, Inc., is an operator of hospitals in the United States. Shares of CYH traded higher by 0.05% or $0.02/share to $39.43. In the past year, the shares have traded as low as $36.52 and as high as $51.29. On average, 1604320 shares of CYH exchange hands on a given day and today's volume is recorded at 1364780.
Health Management Associates, Inc. by and through its subsidiaries operates general acute care hospitals and other health care facilities in non-urban communities. Shares of HMA traded higher by 0.08% or $0.01/share to $13.25. In the past year, the shares have traded as low as $9.79 and as high as $17.28. On average, 4285010 shares of HMA exchange hands on a given day and today's volume is recorded at 3090381.
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