Community Health to buy Health Management for $3.9 billion

[riky]

Community Health to buy Health Management for $3.9 billion

By Susan Kelly and Caroline Humer (Reuters) - U.S. hospital chain Community Health Systems Inc said on Tuesday it would buy smaller Health Management Associates Inc for $3.9 billion to increase its base during the overhaul of the country's healthcare system. Health Management on Tuesday also disclosed it had received additional subpoenas in a widening federal government investigation of its admissions practices. The troubled company also named a new CEO on Tuesday. The Community Health deal, which the market had been anticipating, is the second in the sector in as many months. ...

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