NEW YORK, June 20, 2019 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Community Health Systems, Inc. ("Community Health" or the "Company") (NYSE: CYH). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Community Health and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 27, 2018, CHS announced its full-year 2017 financial results and reported a $591 million increase to contractual allowances and bad debt provision.
On this news, CHS's stock price fell $1.06 per share, or 17.15%, to close at $5.12 per share on February 28, 2018.