Eversept discloses 5.73% CYH stake in amended Schedule 13G/A
Rhea-AI Filing Summary
Community Health Systems, Inc. (CYH) received an amended Schedule 13G/A showing that Eversept Partners, L.P., Eversept 1 LLC and Kamran Moghtaderi jointly report beneficial ownership of 7,943,802 shares of common stock, representing 5.73% of the outstanding class as of the event date.
The reporting persons disclose sole voting and dispositive power over 6,911,186 shares and shared voting and dispositive power over 1,032,616 shares. They state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Community Health Systems.
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FAQ
What does the CYH Schedule 13G/A filing by Eversept report?
The filing reports that Eversept Partners, Eversept 1 LLC and Kamran Moghtaderi collectively beneficially own 7,943,802 Community Health Systems shares, or 5.73% of the common stock. It updates their ownership position and confirms it is held in the ordinary course of business.
Who are the reporting persons in the CYH Schedule 13G/A filing?
The reporting persons are Eversept Partners, L.P. as investment manager, Eversept 1 LLC as its general partner, and Kamran Moghtaderi as the sole manager. They may be deemed to beneficially own securities held by Eversept’s advisory clients, subject to their stated disclaimers.
Does Eversept intend to influence control of Community Health Systems, Inc.?
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Community Health Systems. It also notes they are not held in connection with transactions having that control-related purpose or effect.
What class of securities is covered in Eversept’s CYH Schedule 13G/A?
The filing covers Community Health Systems’ common stock with a par value of $0.01 per share, identified by CUSIP 203668108. The disclosed beneficial ownership and percentage relate specifically to this class of securities outstanding as of the reported event date.