Quorum Health Corporation Completes Sale of Hospital in Georgia

BRENTWOOD, Tenn.--()--Quorum Health Corporation (NYSE: QHC) announced today that affiliates of the Company completed the transaction for the divestiture of the 77-bed Clearview Regional Medical Center in Monroe, GA and its associated assets. The transaction was effective as of the close of business on March 31, 2018. All net proceeds will be used to pay down the Term Loan Facility.

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 28 affiliated hospitals with an aggregate of approximately 2,670 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 expected operating results, acquisition transactions or divestitures and other events 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.

Contacts

Quorum Health Corporation
Investor Contact:
Alfred Lumsdaine, 615-371-4936
Executive Vice President and Chief Financial Officer

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