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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.

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