13G Filing: Saba Capital and Community Health Systems Inc (CYH)

Community Health Systems Inc (NYSE:CYH): Boaz Weinstein’s Saba Capital filed an amended 13D.

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Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Saba Capital Management 0 7,806,629 0 7,806,629 7,806,629 6.80%
Boaz R. Weinstein 0 7,806,629 0 7,806,629 7,806,629 6.80%

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Page 1 of 6 – SEC Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No._)*

Community Health Systems Inc

(Name of Issuer)

Common Stock, 0.01 par value
(Title of Class of
Securities)

203668108
(CUSIP Number)

October 31, 2017
(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)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting persons initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page
shall not be deemed to be filed for the purpose of Section 18 of the
Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

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Page 2 of 6 – SEC Filing

SCHEDULE 13G

CUSIP No. 203668108
1 Names of Reporting Persons

Saba 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
5 Sole Voting Power

-0-

6 Shared Voting Power

7,806,629

7 Sole Dispositive Power

-0-

8 Shared Dispositive Power

7,806,629

9 Aggregate Amount Beneficially Owned by Each Reporting Person

7,806,629

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)

6.80%

12 Type of Reporting Person (See Instructions)

PN; IA

The percentages used herein are calculated based upon
114,727,001 shares of common stock outstanding as of 10/26/2017, as disclosed in
the company’s Certified Shareholder Report Form 10-Q filed 11/02/2017

Page 2 of 7

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Page 3 of 6 – SEC Filing

SCHEDULE 13G

CUSIP No. 203668108
1 Names of Reporting Persons

Boaz R. Weinstein

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

United States

Number of
Shares
Beneficially
Owned by Each
Reporting
5 Sole Voting Power

-0-

6 Shared Voting Power

7,806,629

7 Sole Dispositive Power

-0-

8 Shared Dispositive Power

7,806,629

9 Aggregate Amount Beneficially Owned by Each Reporting Person

7,806,629

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)

6.80%

12 Type of Reporting Person (See Instructions)

IN

The percentages used herein are calculated based upon
114,727,001 shares of common stock outstanding as of 10/26/2017, as disclosed in
the company’s Certified Shareholder Report Form 10-Q filed 11/02/2017

Page 3 of 7

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Page 4 of 6 – SEC Filing

Item 1.

(a)

Name of Issuer: Community Health Systems
Inc

(b)

Address of Issuers Principal Executive Offices:
4000 Meridian Boulevard, Franklin, Tennessee
37067

Item 2.

(a)

Name of Person Filing: This statement is being
jointly filed by Saba Capital Management, L.P., a Delaware limited
partnership (“Saba Capital”) and Mr. Boaz R. Weinstein (together, the
“Reporting Persons) with respect to the ownership of the shares of Common
Stock (as defined in Item 2(d)) by Saba Capital Master Fund Ltd. (“SCMF”),
Saba II AIV, L.P. (“SCMF II”), Saba Capital Leveraged Master Fund Ltd.
(“SCLMF”), and Saba Capital Series LLC Series 1 (“SCS”).

 

The Reporting Persons have entered into a Joint Filing
Agreement, dated November 8, 2017, pursuant to which the Reporting Persons
have agreed to file this statement and any subsequent amendments hereto
jointly in accordance with the provisions of Rule 13d-1(k)(1) under the
Act.

 

Any disclosures herein with respect to persons other than
the Reporting Persons are made on information and belief after making
inquiry to the appropriate party.

 

The filing of this statement should not be construed as
an admission that any of the forgoing persons or the Reporting Persons is,
for the purposes of Section 13 of the Act, the beneficial owner of the
Common Stock reported herein.

 
(b)

Address of Principal Business Office or, if None,
Residence:
The address of the business office of Saba Capital and Mr.
Weinstein is 405 Lexington Avenue, 58th Floor, New York, New York
10174.

 
(c)

Citizenship: Saba Capital is organized as a
limited partnership under the laws of the State of Delaware. Mr. Weinstein
is a citizen of the United States.

 
(d)

Title and Class of Securities: Common stock, 0.01
Par Value (the “Common Stock”).

 
(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;

(b) [_]

Bank as defined in Section 3(a)(6) of the Act;

(c) [_]

Insurance company as defined in Section 3(a)(19) of the
Act;

(d) [_]

Investment company registered under Section 8 of the
Investment Company Act of 1940;

(e) [_]

An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);

(f) [_]

An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);

(g) [_]

A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);

Page 4 of 7

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Page 5 of 6 – SEC Filing


(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;
(j) [_]
A non-U.S. institution in accordance with Rule
240.13d-1(b)(1)(ii)(J);
(k) [_]
Group, in accordance with Rule
240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
Item 4. Ownership
(a) Amount Beneficially Owned: The
information required by Items 4(a) – (c) is set forth in Rows (5) – (11)
of the cover page for each Reporting Person hereto and is incorporated
herein by reference for each such Reporting Person.
Item 5.
Ownership of Five Percent or Less of a
Class. N/A
Item 6.
Ownership of more than Five Percent on
Behalf of Another Person.
N/A
Item 7.
Identification and classification of the
subsidiary which acquired the security being reported on
by the
parent holding company or control person. N/A
Item 8.
Identification and classification of members
of the group. N/A
Item 9.
Notice of Dissolution of Group. N/A
Item 10.
Certifications.
By signing below each Reporting Person
certifies that, to the best of his or its 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.

Page 5 of 7

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Page 6 of 6 – SEC Filing

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.

Dated: 11/8/2017

/s/ Signature Michael DAngelo

Name: Michael DAngelo

Title: Chief Compliance Officer

Boaz R. Weinstein

By: Michael DAngelo

Title: Attorney-in-fact***

*** Pursuant to a Power of Attorney dated as of November 16,
2015

Page 6 of 7

EXHIBIT 1
JOINT FILING AGREEMENT
PURSUANT TO
RULE 13d-1(k)

The undersigned acknowledge and agree that the foregoing
statement on Schedule 13G is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint filing agreements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained herein and
therein, but shall not be responsible for the completeness and accuracy of the
information concerning the others, except to the extent that he or it knows or
has reason to believe that such information is inaccurate.

DATED: November 8, 2017

SABA CAPITAL MANAGEMENT, L.P.

By: /s/ Michael DAngelo
Name: Michael DAngelo

Title: Authorized Signatory

BOAZ R. WEINSTEIN

By: /s/ Michael DAngelo
Title: Attorney-in-fact

Page 7 of 7


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