Shanda Group, a Singapore-based investment group owned by Chinese billionaire Tianqiao Chen, recently snapped up more shares of Community Health Systems Inc. and now has a 22.1% stake in the U.S. hospital operator. Shanda said in a regulatory filing Tuesday that it holds more than 25 million shares in the distressed hospital company, which is selling off more hospitals to raise cash to pay off debt. Mr. Chen increased his...

Source: Wall Street Journal August 15, 2017 17:48 UTC