SunLink Health Systems’ Subsidiary Reaches Agreement to Sell Medical Office Building Complex in Ellijay, Georgia
November 08 2016 - 4:35PM
Business Wire
SunLink Health Systems, Inc. (NYSE MKT: SSY) today announced
that a subsidiary has reached agreement to sell its medical office
building complex, comprised of land and three buildings in Ellijay,
GA for approximately $4,900,000. The company expects to recognize a
pre-tax gain on the sale of approximately $2,400,000. The
transaction is subject to buyer due diligence and other conditions
and is anticipated to close in December 2016. After repayment of
mortgage debt and expenses of approximately $2,300,000, the company
expects net proceeds from the sale of approximately $2,600,000. The
proceeds will be retained for working capital and general corporate
purposes.
SunLink Health Systems, Inc. is the parent company of
subsidiaries that own and operate healthcare facilities in the
Southeast and a pharmacy company in Louisiana. Each of the
company's healthcare facilities is operated locally with a strategy
of linking patients' needs with dedicated physicians and healthcare
professionals. For additional information on SunLink Health
Systems, Inc., please visit the company’s website at
www.sunlinkhealth.com.
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 including, without limitation, statements regarding the
company’s business strategy. These forward-looking statements are
subject to certain risks, uncertainties and other factors, which
could cause actual results, performance and achievements to differ
materially from those anticipated. Certain of those risks,
uncertainties and other factors are disclosed in more detail in the
company’s Annual Report on Form 10-K for the year ended June 30,
2011 and other filings with the Securities and Exchange Commission
which can be located at www.sec.gov.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161108006196/en/
SunLink Health Systems, Inc.Robert M. Thornton, Jr.,
770-933-7004Chief Executive Officer
Sunlink Health Systems (AMEX:SSY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sunlink Health Systems (AMEX:SSY)
Historical Stock Chart
From Apr 2023 to Apr 2024