CORRECTING and REPLACING Quorum Health Corporation Announces Definitive Agreement to Divest Two Hospitals in Tennessee
May 16 2017 - 5:38PM
Business Wire
First paragraph, first sentence of the release dated May 12,
2017 should read: Quorum Health Corporation (NYSE: QHC) announced
today that the Company has signed a definitive agreement to sell
45-bed Henderson County Community Hospital in Lexington, Tennessee,
and 45-bed McKenzie Regional Hospital in McKenzie, Tennessee, and
their associated assets, to SHS Tennessee, LLC.
The corrected release reads:
QUORUM HEALTH CORPORATION ANNOUNCES
DEFINITIVE AGREEMENT TO DIVEST TWO HOSPITALS IN TENNESSEE
Quorum Health Corporation (NYSE: QHC) announced today that the
Company has signed a definitive agreement to sell 45-bed Henderson
County Community Hospital in Lexington, Tennessee, and 45-bed
McKenzie Regional Hospital in McKenzie, Tennessee, and their
associated assets, to SHS Tennessee, LLC. The divestiture is
expected to close by August 1, 2017, subject to customary
regulatory approvals and closing conditions.
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 35 affiliated hospitals with an aggregate of
approximately 3,400 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 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/20170512005711/en/
Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
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