Sunlink Health Systems' Subsidiary Reaches Revised Agreements for the Sale of Trace Regional Medical Center and Clinics [Yahoo! Finance]
SunLink Health Systems, Inc. (SSY)
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Source: Yahoo! Finance
Health Corporation of Houston, Inc. ("Southern"), has reached a revised agreement for the sale of Trace Regional Hospital and three (3) patient clinics in Chickasaw County, MS, ("Trace") to Progressive Health of Houston, LLC ("Progressive"). Southern sold certain personal and intangible property to Progressive for $500,000 pursuant to an asset purchase agreement, entered into a six-month net lease of certain hospital real property for $20,000 per month, and engaged Progressive under a management agreement to manage the operations of the hospital and clinics until receipt of certain regulatory approvals. As a result of the transaction, Southern's agreement with Progressive dated November 10, 2023, was terminated. Southern also entered into a real estate purchase agreement with Progressive whereunder Progressive is to purchase certain real estate of Trace for $2,000,000 by July 31, 2024. As a result of the transactions, SunLink expects to report an aggregate loss in the approximate rang
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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
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat