SunLink Health Systems, Inc. Announces Suspension of Share Repurchase Program
SunLink Health Systems, Inc. (SSY)
NASDAQ:AMEX Investor Relations:
sunlinkhealth.com
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--SunLink Health Systems, Inc. (NYSE American: SSY) announced today that it is suspending its Share Repurchase Program in light of the COVID-19 pandemic. SunLink’s management believes the suspension, while conservative, is prudent given uncertainty regarding the length and severity of the pandemic and potential uncertainty regarding the impact of the pandemic on the timeliness of reimbursement claims and payments under various Federal and state programs (e.g., Medicare and Medicaid) and from private payors. SunLink has the ability to reinstate repurchases as circumstances warrant subject to compliance with applicable SEC rules. The Company is unable to predict the impact of the continuation of the COVID-19 pandemic on the Company’s financial condition, results of operations, business, or prospects.Prior to its suspension, the Program was scheduled to expire at 4:00 PM, New York City Time, on June 1, 2020, unless further extended or earlier terminated. As of
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- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SSY
Sec Filings
- 5/15/24 - Form 10-Q
- 5/15/24 - Form 8-K
- SSY's page on the SEC website