BRENTWOOD, Tenn.--(BUSINESS WIRE)--Quorum Health Corporation (NYSE:QHC) today announced that the New York Stock Exchange (NYSE) has accepted the Company’s plan to regain compliance with the NYSE continued listing standards. As previously disclosed, the NYSE notified the Company on April 30, 2019, that it was out of compliance with Exchange listing standards as a result of the Company’s average market capitalization being less than $50 million over a consecutive 30 trading-day period and the most recently reported stockholders’ equity of the Company also being less than $50 million.
Based upon a review of the compliance plan and information submitted by the Company on June 10, 2019, the Exchange has accepted the submission. In accordance with NYSE rules, the Company will now be given an 18-month cure period to regain conformity with continued listing standards, beginning effective April 30, 2019. Shares of QHC will continue to be listed on the NYSE, subject to the Company’s compliance with other continued listing standards. The Company will also be subject to quarterly monitoring by the NYSE for compliance with the plan.
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 26 affiliated hospitals in rural and mid-sized markets located across 14 states with an aggregate of 2,458 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.
Statements contained in this news release regarding continued listing on the NYSE 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.