Quorum Health Corporation Announces Definitive Agreement to Divest Two Hospitals in Pennsylvania
June 07 2017 - 08:30AM
Business Wire
Quorum Health Corporation (NYSE:QHC) announced today that
affiliates of the Company have signed a definitive agreement to
sell 70-bed Sunbury Community Hospital in Sunbury, Pennsylvania,
and 47-bed Lock Haven Hospital in Lock Haven, Pennsylvania, and
their associated assets, to UPMC Susquehanna. The divestiture is
expected to close by September 30, 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 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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