SunLink Health Systems, Inc. Announces Share Repurchase Plan
November 29 2018 - 08:37AM
Business Wire
SunLink Health Systems, Inc. (NYSE AMERICAN: SSY) today
announced that its Board of Directors had approved a share
repurchase program that authorizes the Company to purchase up to
300,000 shares of its common stock or approximately 4% of its
currently outstanding shares.
Under the share repurchase program, the Company may repurchase
shares in open market and privately negotiated transactions and
block trades in accordance with applicable securities laws and
regulations. The extent to which the Company repurchases its
shares, and the timing of such repurchases, will depend upon a
number of factors, including business and market conditions,
regulatory requirements and other corporate considerations
determined by the Company’s management. There is no assurance as to
the exact number of shares, if any, that will be repurchased by the
Company. The share repurchase program does not have an expiration
date and may be modified, terminated or extended by the company
without prior notice.
The Company expects to fund any repurchases with cash on hand or
from future cash flow.
SunLink Health Systems, Inc. is the parent company of
subsidiaries that own and operate healthcare businesses in the
Southeast. Each of the Company’s healthcare businesses is operated
locally with a strategy of linking patients’ needs with healthcare
professionals. For additional information on SunLink Health
Systems, Inc., please visit the Company’s website.
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,
2018 and other filings with the Securities and Exchange Commission
which can be located at www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20181129005398/en/
Robert M. Thornton, Jr.Chief Executive
Officer(770) 933-7004
Sunlink Health Systems (AMEX:SSY)
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