|Bid||1.1700 x 800|
|Ask||1.3400 x 1300|
|Day's Range||1.1600 - 1.2300|
|52 Week Range||0.9110 - 5.7400|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.00|
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.
Quorum Health Corporation (QHC) today announced that it has completed the sale of the 106-bed Watsonville Community Hospital in Watsonville, California to Halsen Healthcare. Total cash proceeds from the transaction were approximately $39 million and will be used to repay outstanding principal on the Company’s Term Loan Facility. Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States.
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.
Quorum Health Corporation and Community Health Systems, Inc. today announced that they have reached an agreement to terminate the companies’ Shared Service Centers Transition Services Agreement that includes business office services.
Quorum Health Corporation announced today that the Company will be participating in the 17th Annual Morgan Stanley Global Healthcare Conference in New York. The Company will make a presentation to investors on Monday, September 9, 2019 at 4:50 p.m.
Quorum Health Corporation (QHC) today announced that MetroSouth Medical Center in Blue Island, Illinois filed an application with the Illinois Health Facilities and Service Review Board to discontinue hospital operations. If the Company is not able to divest the facility, it will discontinue all operations by the end of the fourth quarter of 2019. The Company’s decision to discontinue operations at the facility is a result of mounting financial losses due to decreasing patient volumes, increasing market saturation, and reduced reimbursement from government and commercial payors.
Quorum Health Corporation (QHC) today announced that it has entered into a definitive agreement to divest the 106-bed Watsonville Community Hospital in Watsonville, California to Halsen Healthcare. The transaction is expected to be complete by the end of the third quarter of 2019, subject to customary approvals and conditions. The Company anticipates that the total cash proceeds from the transaction will be approximately $35 to $40 million, subject to final working capital balances.
Quorum Health Corporation today announced that a wholly owned subsidiary of the Company has selected R1 RCM to provide end-to-end revenue cycle management services.