Rural hospital operators have already been implicated, but the review is pushing down other services companies too far and may present buying opportunities.
Activists could take interest in the challenged group of non-urban hospital operators as they continue to disappoint investors.
Community Health looks like a logical LBO candidate with shares having lost significant value since completing its spin off of Quorum Health in April.
Community Health (CYH) is looking at a variety of options with financial advisers. Apollo Global (APO) is said to be interested in acquiring some assets.