NEW YORK, April 27, 2016 /PRNewswire/ -- Quorum Health
Corporation (NYSE:QHC) will replace Stone Energy Corp. (NYSE:SGY)
in the S&P SmallCap 600 after the close of trading on
Monday, May 2. S&P MidCap 400
constituent Community Health Systems (NYSE:CYH) is spinning off
Quorum Health in a transaction expected to be completed on
Friday, April 29. Post spin-off,
Community Health Systems will remain in the S&P MidCap 400.
Stone Energy is ranked near the bottom of the S&P SmallCap 600
and is no longer appropriate for that index.
Quorum Health owns and operates hospitals. Headquartered in
Franklin, TN, the company will be
added to the S&P SmallCap 600 GICS (Global Industry
Classification Standard) Healthcare Facilities Sub-Industry
index.
Following is a summary of the changes:
|
S&P SMALLCAP
600 INDEX – May 2, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Quorum
Health
|
Healthcare
|
Healthcare
Facilities
|
|
DELETED
|
Stone
Energy
|
Energy
|
Oil & Gas
Production
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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