Community Health Falls After Cutting Annual Forecast

Community Health Systems Inc., the second-largest U.S. hospital system by revenue, plunged the most in almost a year after cutting its 2013 earnings forecast as admissions declined.

Community Health dropped 9.5 percent to $42.81 at 9:36 a.m. New York time. The shares fell as much as 11 percent for their biggest intraday loss since July 26. The Franklin, Tennessee-based company had risen 71 percent in the 12 months through yesterday.