Quorum Health Corporation Announces NYSE Acceptance of Continued Listing Compliance Plan
July 18 2019 - 6:00AM
Business Wire
Quorum Health Corporation (NYSE:QHC) today announced that the
New York Stock Exchange (NYSE) has accepted the Company’s plan to
regain compliance with the NYSE continued listing standards. As
previously disclosed, the NYSE notified the Company on April 30,
2019, that it was out of compliance with Exchange listing standards
as a result of the Company’s average market capitalization being
less than $50 million over a consecutive 30 trading-day period and
the most recently reported stockholders’ equity of the Company also
being less than $50 million.
Based upon a review of the compliance plan and information
submitted by the Company on June 10, 2019, the Exchange has
accepted the submission. In accordance with NYSE rules, the Company
will now be given an 18-month cure period to regain conformity with
continued listing standards, beginning effective April 30, 2019.
Shares of QHC will continue to be listed on the NYSE, subject to
the Company’s compliance with other continued listing standards.
The Company will also be subject to quarterly monitoring by the
NYSE for compliance with the plan.
About Quorum Health Corporation
Quorum Health Corporation is an operator of general acute care
hospitals and outpatient services in the United States. Through its
subsidiaries, the Company owns, leases or operates a diversified
portfolio of 26 affiliated hospitals in rural and mid-sized markets
located across 14 states with an aggregate of 2,458 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 continued
listing on the NYSE 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190718005354/en/
Asher Dewhurst Westwicke Partners QuorumHealth@Westwicke.com /
(443) 213-0500
Quorum Health (NYSE:QHC)
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