Hospital operator Community Health Systems Inc. said Thursday that it will buy back up to 4 million shares of common stock.
The company said the new program will succeed an existing share repurchase program for up to 3 million shares. Just under that amount has been repurchased at a cost of about $100 million.
The company had about 94 million shares outstanding as of Sept. 15.
Shares of Community Health Systems closed unchanged at $30.76.