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CHS investor calls for Wayne Smith's ouster

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The board of Franklin-based Community Health Systems Inc. is facing pressure to remove CEO Wayne Smith from leadership of the struggling hospital company. ASL Strategic Value Fund, which describes itself as a "long-term investor" in the company, has publicly released a letter sent to the company's board on Aug. 8, calling for Smith to be replaced. CHS (NYSE:CYH), one of the nation's largest hospital operators and a massive Williamson County employer, has faced significant challenges in recent years,…

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