Quorum Health Corporation Provides Update on the Divestiture of a Hospital in California

BRENTWOOD, Tenn.--()--Quorum Health Corporation (NYSE:QHC) today announced that the Pajaro Valley Health Trust has agreed to release the sale of the 106-bed Watsonville Community Hospital in Watsonville, California. The Company will now proceed with the previously announced sale of the hospital pursuant to the definitive agreement with Halsen Healthcare.

The Company now expects the transaction to be complete by the end of the third quarter of 2019, subject to customary approvals and conditions.

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.

Forward-Looking Statements

Statements contained in this news release regarding expected divestitures, including with respect to the anticipated closing date 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

Investor Contact:
Asher Dewhurst
Westwicke Partners
QuorumHealth@Westwicke.com / (443) 213-0500

Contacts

Investor Contact:
Asher Dewhurst
Westwicke Partners
QuorumHealth@Westwicke.com / (443) 213-0500