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Stock impact report

Quorum Health Corporation Announces Definitive Agreement to Divest a Hospital in Tennessee

QUORUM HEALTH CORP (QHC) 
Last quorum health corp earnings: 8/7 04:30 pm Check Earnings Report
US:NYSE Investor Relations: quorumhealth.com/investor-relations
Company Research Source: Business Wire
BRENTWOOD, Tenn.--(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 CorporationQuorum 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 Show less Read more
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