SCHEDULE 13G/A: Apollo Affiliates Disclose 4.8% Passive Stake in Community Health Systems

Multiple Apollo entities, including Apollo Management Holdings GP, LLC, have filed an amended Schedule 13G disclosing a collective beneficial ownership of 4.8% of Community Health Systems Inc.'s common stock as of December 31, 2024.

Summary

• Apollo Management Holdings GP, LLC and its related entities (collectively, "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Community Health Systems Inc.
• The filing indicates a shared voting and dispositive power over 6,689,741 shares of Common Stock by Apollo Management Holdings GP, LLC, Apollo Capital Management, L.P., Apollo Capital Management GP, LLC, and Apollo Management Holdings, L.P.
• This aggregate amount represents 4.8% of Community Health Systems Inc.'s common stock.
• Other Apollo entities, such as Apollo Credit Strategies Master Fund Ltd., hold 4,196,536 shares (3.0%), Apollo Accord+ Aggregator A, L.P. holds 1,487,985 shares (1.1%), and Apollo Credit Strategies Absolute Return Aggregator A, L.P. holds 431,992 shares (0.3%).
• The percentages are based on 138,948,058 shares of Common Stock outstanding as of October 18, 2024, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on October 24, 2024.
• The Reporting Persons certify that the securities 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.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of passive ownership and does not contain performance or strategic information.

Risks

• Reporting Persons disclaim beneficial ownership of all shares of Common Stock included in this report other than the shares of Common Stock held of record by such Reporting Person, 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.
• Certain managers and executive officers of Management Holdings GP (Messrs. Scott Kleinman, James Zelter, and Marc Rowan) also 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.

Future Outlook

NA

Industry Context

NA

Key Dates

Keywords

SEC filing, Schedule 13G, beneficial ownership, Community Health Systems Inc., Apollo Management Holdings, common stock, institutional ownership, passive investment, healthcare sector