Apollo-related entities filed Amendment No.1 to a Schedule 13G reporting collective ownership of Common Stock of Community Health Systems, Inc. (CUSIP 203668108). The filing shows that Apollo Capital Management, L.P. and affiliated reporting persons beneficially own 7,628,576 shares, representing 5.4% of the outstanding class based on 140,119,116 shares. Ownership is reported as shared voting and dispositive power; no reporting person claims sole voting or sole dispositive power. Individual Apollo-managed funds and vehicles hold smaller stakes, ranging from 0.0% to 3.0% for Credit Strategies (4,212,955 shares). The filing includes organizational details and disclaimers of beneficial ownership by certain managers and officers.
Positive
Clear disclosure of aggregated Apollo-affiliated ownership: 7,628,576 shares representing 5.4% of CYH outstanding
Detailed entity mapping showing how ownership is allocated across funds, managers, and advisors
Shared voting and dispositive powers are explicitly reported with no claim of sole control
Negative
None.
Insights
TL;DR: Apollo group holds a 5.4% stake in CYH via multiple managed vehicles, reported as shared voting/dispositive power.
The filing documents that Apollo-affiliated funds collectively hold 7,628,576 shares of Community Health Systems, representing 5.4% of the 140,119,116 shares outstanding used for the calculation. Holdings are allocated across multiple funds and management entities with shared voting and dispositive authority; no sole voting or sole dispositive power is reported. The disclosure is a standard Schedule 13G/A amendment providing investor identification, ownership amounts by entity, and internal organizational relationships and disclaimers.
TL;DR: This is a routine beneficial-ownership disclosure showing coordinated holdings by Apollo entities without sole control claims.
The amendment clarifies the structure of the reporting group, identifying general partners, managers, and investment managers across Delaware and Cayman entities. The filing expressly disclaims beneficial ownership for multiple managers and officers of Management Holdings GP. All reported shares show shared voting and dispositive power, and the statement certifies the holdings were not acquired to influence control of the issuer.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Community Health Systems, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
203668108
(CUSIP Number)
06/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Management Holdings GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,628,576.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,628,576.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,628,576.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Accord+ Aggregator A, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,691,412.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,691,412.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,691,412.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Accord+ Advisors, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,691,412.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,691,412.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,691,412.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Accord+ II Aggregator A, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
548,350.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
548,350.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
548,350.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Accord+ II Advisors, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
548,350.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
548,350.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
548,350.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Accord+ Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,239,762.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,239,762.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,239,762.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Accord+ Management GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,239,762.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,239,762.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,239,762.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Atlas Master Fund, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
32,820.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
32,820.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
32,820.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Atlas Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
32,820.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
32,820.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
32,820.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Credit Strategies Master Fund Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,212,955.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,212,955.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,212,955.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo ST Fund Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,212,955.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,212,955.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,212,955.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo ST Operating LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,212,955.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,212,955.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,212,955.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo ST Capital LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,212,955.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,212,955.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,212,955.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
ST Management Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,212,955.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,212,955.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,212,955.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Credit Strategies Absolute Return Aggregator A, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
446,351.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
446,351.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
446,351.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Credit Strategies Absolute Return Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
446,351.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
446,351.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
446,351.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Credit Strategies Absolute Return Management, GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
446,351.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
446,351.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
446,351.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Credit Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
74,005.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
74,005.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
74,005.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Capital Credit Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
74,005.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
74,005.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
74,005.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo SA Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
75,473.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
75,473.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
75,473.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo PPF Credit Strategies, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
313,315.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
313,315.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
313,315.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo PPF Credit Strategies Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
313,315.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
313,315.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
313,315.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Capital Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,628,576.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,628,576.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,628,576.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Capital Management GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,628,576.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,628,576.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,628,576.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
203668108
1
Names of Reporting Persons
Apollo Management Holdings, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,628,576.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,628,576.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,628,576.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Community Health Systems, Inc.
(b)
Address of issuer's principal executive offices:
4000 Meridian Boulevard Franklin, TN, 37067
Item 2.
(a)
Name of person filing:
This statement is filed by (i) Apollo Accord+ Aggregator A, L.P. ("Accord+"); (ii) Apollo Accord+ Advisors, L.P. ("Accord+ Advisors"); (iii) Apollo Accord+ II Aggregator A, L.P. ("Accord+ II"); (iv) Apollo Accord+ II Advisors, L.P. ("Accord+ II Advisors"); (v) Apollo Accord+ Management, L.P. ("Accord+ Management"); (vi) Apollo Accord+ Management GP, LLC ("Accord+ Management GP"); (vii) Apollo Atlas Master Fund, LLC ("Atlas"); (viii) Apollo Atlas Management, LLC ("Atlas Management"); (ix) Apollo Credit Strategies Master Fund Ltd. ("Credit Strategies"); (x) Apollo ST Fund Management LLC ("ST Management"); (xi) Apollo ST Operating LP ("ST Operating"); (xii) Apollo ST Capital LLC ("ST Capital"); (xiii) ST Management Holdings, LLC ("ST Management Holdings"); (xiv) Apollo Credit Strategies Absolute Return Aggregator A, L.P. ("Absolute Return"); (xv) Apollo Credit Strategies Absolute Return Management, L.P. ("Absolute Return Management"); (xvi) Apollo Credit Strategies Absolute Return Management GP, LLC ("Absolute Return Management GP"); (xvii) Apollo Credit Management, LLC ("ACM"); (xviii) Apollo Capital Credit Management, LLC ("ACCM"); (xix) Apollo SA Management, LLC ("SA Management"); (xx) Apollo PPF Credit Strategies, LLC ("PPF Credit Strategies"); (xxi) Apollo PPF Credit Strategies Management, LLC ("PPF Management"); (xxii) Apollo Capital Management, L.P. ("Capital Management"); (xxiii) Apollo Capital Management GP, LLC ("Capital Management GP"); (xxiv) Apollo Management Holdings, L.P. ("Management Holdings"); and (xxv) Apollo Management Holdings GP, LLC ("Management Holdings GP"). The foregoing are collectively referred to herein as the "Reporting Persons."
Accord+, Accord+ II, Atlas, Credit Strategies, Absolute Return, and PPF Credit Strategies each hold securities of the Issuer.
Accord+ Advisors serves as the general partner of Accord+. Accord+ II Advisors serves as the general partner of Accord+ II. Accord+ Management serves as the investment manager of Accord+ and Accord+ II. Accord+ Management GP serves as the general partner of Accord+ Management. Atlas Management serves as the investment manager of Atlas. ST Management serves as the investment manager for Credit Strategies. ST Operating is the sole member of ST Management. The general partner of ST Operating is ST Capital. ST Management Holdings is the sole member of ST Capital. Absolute Return Management serves as the investment manager of Absolute Return. Absolute Return Management GP is the general partner of Absolute Return Management.
ACM provides investment management services for FASF Franklin K2 Alternative Strategies Fund ("FASF-Franklin K2"). ACCM is the sole member of ACM.
SA Management provides investment management services for Franklin Templeton Investment Funds - Franklin K2 Alternative Strategies Fund ("FTIF-Franklin K2").
PPF Management serves as the investment manager of PPF Credit Strategies.
Capital Management serves as the sole member of Atlas Management, ACCM, Absolute Return Management GP, PPF Management, and SA Management, the sole member and manager of ST Management Holdings, the sole limited partner of Accord+ Management, and provides investment management services for K2 Apollo Credit Master Fund Ltd. ("K2 Apollo"). Capital Management GP serves as the general partner of Capital Management. Management Holdings serves as the sole member and manager of Capital Management GP, and Management Holdings GP serves as the general partner of Management Holdings.
(b)
Address or principal business office or, if none, residence:
The principal office of each of Accord+, Accord+ Advisors, Accord+ II, Accord+ Advisors II, Accord+ Management, Accord+ Management GP, Atlas, Atlas Management, ST Management, ST Operating, ST Capital, ST Management Holdings, Absolute Return, Absolute Return Management, Absolute Return Management GP, ACM, ACCM, SA Management, PPF Credit Strategies, PPF Management, Capital Management, Capital Management GP, Management Holdings, and Management Holdings GP is 9 W. 57th Street, 41st Floor, New York, New York 10019. The principal office of Credit Strategies is c/o Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, KY1-9008, Cayman Islands.
(c)
Citizenship:
Atlas, Credit Strategies, and ST Management Holdings are each an exempted company incorporated in the Cayman Islands with limited liability. Accord+, Accord+ Advisors, Accord+ II Advisors, and Absolute Return are each a Cayman Islands exempted limited partnership. Accord+ Management GP, Atlas Management, PPF Credit Strategies, ST Management, ST Capital, Absolute Return Management GP, ACM, ACCM, SA Management, PPF Management, Capital Management GP, and Management Holdings GP are each a Delaware limited liability company. ST Operating, Accord+ II, Accord+ Management, Absolute Return Management, Capital Management, and Management Holdings are each a Delaware limited partnership.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
203668108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Accord+ 1,691,412
Accord+ Advisors 1,691,412
Accord+ II 548,350
Accord+ II Advisors 548,350
Accord+ Management 2,239,762
Accord+ Management GP 2,239,762
Atlas 32,820
Atlas Management 32,820
Credit Strategies 4,212,955
ST Management 4,212,955
ST Operating 4,212,955
ST Capital 4,212,955
ST Management Holdings 4,212,955
Absolute Return 446,351
Absolute Return Management 446,351
Absolute Return Management GP 446,351
ACM 74,005
ACCM 74,005
SA Management 75,473
PPF Credit Strategies 313,315
PPF Management 313,315
Capital Management 7,628,576
Capital Management GP 7,628,576
Management Holdings 7,628,576
Management Holdings GP 7,628,576
Accord+ Advisors, Accord+ II Advisors, Accord+ Management, Accord+ Management GP, Atlas Management, ST Management, ST Operating, ST Capital, ST Management Holdings, Absolute Return Management, Absolute Return Management GP, ACM, ACCM, SA Management, PPF Management, Capital Management, Capital Management GP, Management Holdings and Management Holdings GP, and Messrs. Marc Rowan, Scott Kleinman, and James Zelter, the managers, as well as executive officers, of Management Holdings GP, each disclaim beneficial ownership of all shares of Common Stock included in this report, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.
(b)
Percent of class:
Accord+ 1.2%
Accord+ Advisors 1.2%
Accord+ II 0.4%
Accord+ II Advisors 0.4%
Accord+ Management 1.6%
Accord+ Management GP 1.6%
Atlas 0.0%
Atlas Management 0.0%
Credit Strategies 3.0%
ST Management 3.0%
ST Operating 3.0%
ST Capital 3.0%
ST Management Holdings 3.0%
Absolute Return 0.3%
Absolute Return Management 0.3%
Absolute Return Management GP 0.3%
ACM 0.1%
ACCM 0.1%
SA Management 0.1%
PPF Credit Strategies 0.2%
PPF Management 0.2%
Capital Management 5.4%
Capital Management GP 5.4%
Management Holdings 5.4%
Management Holdings GP 5.4%
The percentages are based on 140,119,116 shares of Common Stock outstanding as of July 18, 2025, as disclosed in the Issuer's quarterly report on Form 10-Q filed on July 24, 2025.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0 for all Reporting Persons
(ii) Shared power to vote or to direct the vote:
Accord+ 1,691,412
Accord+ Advisors 1,691,412
Accord+ II 548,350
Accord+ II Advisors 548,350
Accord+ Management 2,239,762
Accord+ Management GP 2,239,762
Atlas 32,820
Atlas Management 32,820
Credit Strategies 4,212,955
ST Management 4,212,955
ST Operating 4,212,955
ST Capital 4,212,955
ST Management Holdings 4,212,955
Absolute Return 446,351
Absolute Return Management 446,351
Absolute Return Management GP 446,351
ACM 74,005
ACCM 74,005
SA Management 75,473
PPF Credit Strategies 313,315
PPF Management 313,315
Capital Management 7,628,576
Capital Management GP 7,628,576
Management Holdings 7,628,576
Management Holdings GP 7,628,576
(iii) Sole power to dispose or to direct the disposition of:
0 for all Reporting Persons
(iv) Shared power to dispose or to direct the disposition of:
Accord+ 1,691,412
Accord+ Advisors 1,691,412
Accord+ II 548,350
Accord+ II Advisors 548,350
Accord+ Management 2,239,762
Accord+ Management GP 2,239,762
Atlas 32,820
Atlas Management 32,820
Credit Strategies 4,212,955
ST Management 4,212,955
ST Operating 4,212,955
ST Capital 4,212,955
ST Management Holdings 4,212,955
Absolute Return 446,351
Absolute Return Management 446,351
Absolute Return Management GP 446,351
ACM 74,005
ACCM 74,005
SA Management 75,473
PPF Credit Strategies 313,315
PPF Management 313,315
Capital Management 7,628,576
Capital Management GP 7,628,576
Management Holdings 7,628,576
Management Holdings GP 7,628,576
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Apollo Management Holdings GP, LLC
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Accord+ Aggregator A, L.P.
Signature:
Apollo Accord+ Advisors, L.P.
Name/Title:
General Partner
Date:
08/14/2025
Signature:
Apollo Accord+ Advisors GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Accord+ Advisors, L.P.
Signature:
Apollo Accord+ Advisors GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Accord+ II Aggregator A, L.P.
Signature:
Apollo Accord+ II Advisors, L.P.
Name/Title:
General Partner
Date:
08/14/2025
Signature:
Apollo Accord+ II Advisors GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Accord+ II Advisors, L.P.
Signature:
Apollo Accord+ II Advisors GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Accord+ Management, L.P.
Signature:
Apollo Accord+ Management GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Accord+ Management GP, LLC
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Atlas Master Fund, LLC
Signature:
Apollo Atlas Management, LLC
Name/Title:
Investment Manager
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Atlas Management, LLC
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Credit Strategies Master Fund Ltd.
Signature:
Apollo ST Fund Management, LLC
Name/Title:
Investment Manager
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo ST Fund Management LLC
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo ST Operating LP
Signature:
Apollo ST Capital LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
ST Management Holdings, LLC
Name/Title:
Sole Member
Date:
08/14/2025
Signature:
Apollo Capital Management, L.P.
Name/Title:
Managing Member
Date:
08/14/2025
Signature:
Apollo Capital Management GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo ST Capital LLC
Signature:
ST Management Holdings, LLC
Name/Title:
Sole Member
Date:
08/14/2025
Signature:
Apollo Capital Management, L.P.
Name/Title:
Managing Member
Date:
08/14/2025
Signature:
Apollo Capital Management GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
ST Management Holdings, LLC
Signature:
Apollo Capital Management, L.P.
Name/Title:
Managing Member
Date:
08/14/2025
Signature:
Apollo Capital Management GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Credit Strategies Absolute Return Aggregator A, L.P.
Signature:
Apollo Credit Strategies Absolute Return Advisors, L.P.
Name/Title:
General Partner
Date:
08/14/2025
Signature:
Apollo Credit Strategies Absolute Return Advisors GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Credit Strategies Absolute Return Management, L.P.
Signature:
Apollo Credit Strategies Absolute Return Advisors GP, LLC
Name/Title:
General Partner
Date:
08/14/2025
Signature:
/s/ William Kuesel
Name/Title:
William Kuesel, Vice President
Date:
08/14/2025
Apollo Credit Strategies Absolute Return Management, GP, LLC
How many CYH shares do Apollo-affiliated entities report owning?
The reporting persons collectively own 7,628,576 shares, representing 5.4% of the class based on 140,119,116 shares outstanding.
Does any Apollo entity report sole voting or dispositive power over CYH shares?
No. The filing reports 0 shares with sole voting power and 0 shares with sole dispositive power; all reported shares are under shared voting and dispositive power.
Which Apollo-managed vehicle holds the largest individual reported stake in CYH?
Apollo Capital Management, L.P. and related management entities are shown with the aggregate largest reported amount of 7,628,576 shares (5.4%).
What percentage of CYH does Apollo Credit Strategies Master Fund Ltd. hold?
Apollo Credit Strategies Master Fund Ltd. is reported to hold 4,212,955 shares, which is 3.0% of the outstanding shares used for the calculation.
Does the filing state the purpose of the holdings or any intent to influence control?
The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, except activities solely in connection with a nomination under the referenced rule.
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