Quorum Health Corporation Confirms Receipt of Letter Regarding Potential Transaction

Date : 12/03/2019 @ 1:01AM
Source : Business Wire
Stock : Quorum Health Corporation (QHC)
Quote : 0.3044  0.0 (0.00%) @ 1:00AM
Quorum Health share price Chart

Quorum Health Corporation Confirms Receipt of Letter Regarding Potential Transaction

Quorum Health (NYSE:QHC)
Historical Stock Chart

From Dec 2019 to Jun 2020

Click Here for more Quorum Health Charts.

Quorum Health Corporation (NYSE: QHC) today confirmed the receipt of a non-binding proposal letter from KKR Credit Advisors (US) LLC (“KKR”) relating to a potential recapitalization transaction, potentially including, among other things “a buy-out of the public shares held by minority holders at a price of $1.00 per share.”

The Company’s board of directors will, together with its financial and legal advisors, carefully consider this letter as part of its ongoing engagement with its debt and equity holders.

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 24 affiliated hospitals in rural and mid-sized markets located across 14 states with an aggregate of 2,038 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 a potential recapitalization transaction 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.

Investor Contact: Asher Dewhurst Westwicke Partners QuorumHealth@Westwicke.com / (443) 213-0500

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Ivanhoe Mi..
Canadian D..
Xumanii In..
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:ca D:20200602 02:55:11