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Quorum Health Corporation Announces Definitive Agreement to Divest Illinois Hospital

07:00 EDT 12 Sep 2017 | Businesswire
Quorum Health Corporation

Quorum Health Corporation (NYSE: QHC) announced today that an affiliate of the Company has signed a definitive agreement to sell 70-bed Vista Medical Center West in Waukegan, Illinois and its associated assets, to US HealthVest, LLC. The transaction is expected to close in early 2018.

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 34 affiliated hospitals with an aggregate of approximately 3,200 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.

Quorum Health Corporation
Investor Contact:
Michael J. Culotta, 615-221-3502
Executive Vice President and Chief Financial Officer

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