Quorum Health Corporation Announces Definitive Agreement to Divest a Hospital in Tennessee
March 02 2020 - 3:30PM
Business Wire
Quorum Health Corporation (NYSE: QHC) today announced that it
has entered into a definitive agreement with Braden Health to
divest the 45-bed Henderson County Community Hospital in Lexington,
Tennessee. The transaction is expected to be complete by the end of
the first quarter of 2020, subject to customary approvals and
conditions.
All cash proceeds from the transaction will be used to repay
outstanding principal on the Company’s Term Loan Facility.
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 expected
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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version on businesswire.com: https://www.businesswire.com/news/home/20200302005937/en/
Investor Contact: Asher Dewhurst Westwicke Partners
QuorumHealth@Westwicke.com / (443) 213-0500
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