Quorum Health Corporation Responds to an Update on Potential Transaction
11 Marzo 2020 - 10:30PM
Business Wire
Quorum Health Corporation (NYSE: QHC) today responded to an
update provided by KKR Credit Advisors (US) LLC (“KKR”) on Tuesday
March 10, 2020 regarding the previously disclosed non-binding
proposal letter delivered to the Company on December 2, 2019.
The Company, together with its financial and legal advisors,
continues to engage in constructive discussions with KKR and other
debt holders regarding a potential recapitalization or financial
reorganization transaction. The Company’s objective is to reach a
consensual agreement that enables it to reduce its annual interest
expense, enhance its operations and invest in future growth.
About Quorum Health Corporation
Quorum 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 about Quorum Health Corporation can be found at
www.quorumhealth.com.
Forward-Looking Statements
Statements contained in this news release regarding a potential
recapitalization transaction are forward-looking statements that
involve risk and uncertainties. Actual future events or results may
differ materially from these statements. Readers are referred to
the documents filed by Quorum Health Corporation with the
Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly
reports on Form 10-Q. These filings identify important risk factors
and other uncertainties that could cause actual results to differ
from those contained in the forward-looking statements. The Company
undertakes no obligation to revise or update any forward-looking
statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or
“our” refer to Quorum Health Corporation or one or more of its
subsidiaries or affiliates as applicable.
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version on businesswire.com: https://www.businesswire.com/news/home/20200311005784/en/
Investor Contact: Asher Dewhurst Westwicke Partners
QuorumHealth@Westwicke.com / (443) 213-0500
Grafico Azioni Quorum Health (NYSE:QHC)
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