Quorum Health Corporation Announces Definitive Agreement to Divest Hospital in Alabama
September 11 2017 - 7:00AM
Business Wire
Quorum Health Corporation (NYSE:QHC) announced today that an
affiliate of the Company has signed a definitive agreement to sell
72-bed L.V. Stabler Memorial Hospital in Greenville, Alabama and
its associated assets, to The Health Care Authority of the City of
Greenville – L.V. Stabler Hospital, an Alabama Public Corporation.
The transaction is expected to close in the fourth quarter of
2017.
About Quorum Health Corporation
Quorum Health Corporation is an operator of general acute care
hospitals and outpatient services in the United States. Through its
subsidiaries, the Company owns, leases or operates a diversified
portfolio of 34 affiliated hospitals with an aggregate of
approximately 3,200 licensed beds. The Company also operates Quorum
Health Resources, LLC, a leading hospital management advisory and
consulting services business. More information about Quorum Health
Corporation can be found at www.quorumhealth.com.
Forward-Looking Statements
Statements contained in this news release regarding expected
operating results, acquisition transactions or divestitures and
other events are forward-looking statements that involve risk and
uncertainties. Actual future events or results may differ
materially from these statements. Readers are referred to the
documents filed by Quorum Health Corporation with the Securities
and Exchange Commission, including the Company’s annual report on
Form 10-K, current reports on Form 8-K and quarterly reports on
Form 10-Q. These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes
no obligation to revise or update any forward-looking statements,
or to make any other forward-looking statements, whether as a
result of new information, future events or otherwise.
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or
“our” refer to Quorum Health Corporation or one or more of its
subsidiaries or affiliates as applicable.
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Investors:Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
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