Quorum Health Corporation Announces Definitive Agreement to Divest a Hospital in Texas
QUORUM HEALTH CORP (QHC)
Last quorum health corp earnings: 8/7 04:30 pm
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US:NYSE Investor Relations:
quorumhealth.com/investor-relations
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Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Quorum Health Corporation (NYSE: QHC) today announced that it has entered into a definitive agreement to divest the 146-bed Scenic Mountain Medical Center in Big Springs, Texas. The transaction is expected to be complete by the end of the first quarter of 2019, subject to customary approvals and conditions. Scenic Mountain Medical Center was among the five facilities discussed under a Letter of Intent on the Company’s third quarter 2018 earnings conference call. 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 27 affiliated hospitals in rural and
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