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Stock impact report

Quorum Health files for bankruptcy [MarketWatch]

Quorum Health Corp (QHC)  More Company Research Source: MarketWatch
Last quorum health corp earnings: 8/7 04:30 pm Check Earnings Report
US:NYSE Investor Relations: quorumhealth.com/investor-relations
PDF Quorum Health Corp. told investors it formally signed on to a restructuring support agreement to reduce its debt by $500 million. The hospital operator also said it has filed for Chapter 11 bankruptcy, and it received $100 million in debtor-in-possession financing and a $200 million equity commitment. Quorum operates 23 acute-care hospitals in 13 states; most of its hospitals are located in rural or mid-sized communities. Rural hospitals in the U.S. have been closing at a rapid clip. At least 128 rural hospitals have closed since 2010, including eight alone so far in 2020, according to the North Carolina Rural Health Research Program. Quorum's stock has tumbled 68% year-to-date, while the S&P 500 is down 17%. [Read more]
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