|Bid||0.5500 x 3100|
|Ask||0.7830 x 900|
|Day's Range||0.5200 - 0.8685|
|52 Week Range||0.3000 - 2.4950|
|Beta (5Y Monthly)||1.71|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 30, 2020 - Apr 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Quorum Health Corporation (NYSE: QHC) (the "Company") today announced that it was notified (the "March 2020 Notice") on March 23, 2020 by the New York Stock Exchange (the "NYSE") that it was not in compliance with the NYSE’s continued listing standards as a result of the average closing price of the Company’s common stock being less than $1.00 per share over a consecutive 30 trading-day period. As set forth in the March 2020 Notice, as of March 20, 2020, the 30 trading-day average closing share price of the Company’s common stock was $0.94.
Acadia Healthcare Company Inc., Community Health Systems Inc., Change Healthcare Inc. and Quorum Healthcare Corp. have all seen their share prices drop by more than 50% from their 2020 highs.
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, founded in 2018, now monitors 25,000 patient beds across the U.S. And it's planning to more than double that. After all, the average hospital patient receives less digital monitoring than a can of Coca-Cola during its manufacturing process.
Quorum Health Corporation (NYSE: QHC) today announced that it has entered into a definitive agreement with Braden Health to divest the 45-bed Henderson County Community Hospital in Lexington, Tennessee. The transaction is expected to be complete by the end of the first quarter of 2020, subject to customary approvals and conditions.
If you own shares in Quorum Health Corporation (NYSE:QHC) then it's worth thinking about how it contributes to the...
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Private equity firms have been scooping up health care providers around the U.S., but not so much in Oregon. Private equity giant KKR floated a $30 million private buyout of Quorum Health Corp. (NYSE: QHC), which owns McKenzie-Willamette Medical Center in Springfield, Axios reports. Quorum, a publicly traded corporation based in Brentwood, Tennessee, owns two dozen rural and small suburban hospitals across the U.S. Quorum issued a statement Monday confirming receipt of a non-binding proposal letter from KKR Credit Advisors for a “recapitalization transaction, potentially including, among other things, ‘a buy-out of the public shares held by minority holders at a price of $1 per share,’” Quorum said.
Quorum Health Corp. is considering becoming a privately held company. The Brentwood-based hospital operator received a letter Monday from private equity giant KKR proposing, among other things, a buy-out of Quorum's public stock at $1 per share. The potential recapitalization could also include raising additional funds and restructuring the company’s debt, according to the non-binding letter.
Moody's Investors Service ("Moody's") today downgraded the ratings on Quorum Health Corporation ("Quorum"), including the Corporate Family Rating (CFR) to Caa2 from B3 and Probability of Default Rating to Caa2-PD from B3-PD. Moody's also downgraded the ratings on Quorum's senior secured revolving credit facility and term loan to Caa1 from B1, and the rating on its unsecured notes to Caa3 from Caa2.
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The company is one of a trio of Brentwood-based health care companies that have struggled to remain listed on a public exchange over the last 12 months.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Quorum Health Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") today affirmed the ratings on Quorum Health Corporation ("Quorum"), including the B3 Corporate Family Rating and B3-PD Probability of Default Rating. Moody's also affirmed the B1 ratings on Quorum's senior secured revolving credit facility and term loan, and the Caa2 rating on its unsecured notes.