Quorum Health Corporation Announces Definitive Agreement to Divest Hospital in Centre, Alabama
March 10 2017 - 5:00PM
Business Wire
Quorum Health Corporation (NYSE: QHC) announced today that the
Company has signed a definitive agreement to sell 60-bed Cherokee
Medical Center in Centre, Alabama, and its associated assets, to
NNZ Holdings, LLC. The divestiture is expected to close within 60
days, subject to customary regulatory approvals and closing
conditions.
Thomas D. Miller, Quorum Health’s president and chief executive
officer stated, "Our efforts to refine our portfolio continue as we
announce our third definitive agreement to divest non-core assets
and we continue to have active discussions on further divestiture
opportunities."
About Quorum Health Corporation
Quorum Health Corporation is an operator and manager of general
acute care hospitals and outpatient services in the United States.
Through its affiliates, the Company owns or leases a diversified
portfolio of 36 affiliated hospitals with an aggregate of over
3,400 licensed beds. The Company also operates Quorum Health
Resources, LLC, a leading hospital management advisory and
consulting services business. Quorum Health began trading on the
NYSE under ticker symbol “QHC” on May 2, 2016, after completing its
spin-off from Community Health Systems, Inc. (NYSE: CYH). 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 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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version on businesswire.com: http://www.businesswire.com/news/home/20170310005735/en/
Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
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