Lead Plaintiff Deadline is July 29, 2019

NEW YORK, June 10, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed  in  the  United States District Court for the Middle District of Tennessee on behalf of investors of Community Health Systems, Inc. ("Community Health" or the "Company") (NYSE: CYH) who purchased securities between February 20, 2017 and February 27, 2018, inclusive (the "Class Period).

Investors who purchased the shares of are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website www.whafh.com.

If you have incurred losses in the shares of, you may, no later than July 29, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in

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The filed  complaint alleges that the defendants failed to disclose to investors:

• that the Company had understated its contractual allowances;
   
• that the Company had understated its provision for bad debts;
   
• that, as a result, the Company had overstated its net operating revenue; and
   
• that, as a result, the Company had understated its net loss.

On February 27, 2018 after the market closed, Community Health announced its fourth quarter and full year 2017 financial results, which included a $591 million increase in contractual allowances and bad debt provisions.

On this news Community Health's shares declined by $1.06 per share, more than 17%, to close at $5.12 per share on February 28, 2018.

Wolf Haldenstein Adler Freeman & Herz LLP  has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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