Quorum Health Corporation Announces Delay in Filing 10-K; Provides Update on Ongoing Discussions With Debt Holders
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 filed a Form 12b-25 with the Securities and Exchange Commission announcing a delay in the filing of its Form 10-K for the fiscal year ended December 31, 2019. The Company, together with its financial and legal advisors, has been engaged in discussions with certain debt holders regarding a recapitalization or financial reorganization transaction. As noted in the filing, the process of negotiating with the Company’s debt holders has been a priority for management and has diverted significant management time and internal resources from the Company’s normal processes for reviewing and completing its financial statements and related disclosures. Additionally, the complexities involved with drafting a complete and accurate set of financial statements and related disclosures in light of the anticipated restructuring transaction has significantly increased the time required to prepare and finalize the Form 10-K
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