Quorum Health (QHC) Subsidiaries to Divest Sandhills Regional Medical Center

October 19, 2016 7:32 AM EDT
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Quorum Health Corporation (NYSE: QHC) announced that subsidiaries of the Company have signed a definitive agreement to sell 64-bed Sandhills Regional Medical Center in Hamlet, North Carolina, and its associated assets, to FirstHealth of the Carolinas, Inc. The divestiture is expected to close approximately December 1, 2016, subject to customary regulatory approvals and closing conditions.

"We continue to move forward in executing our strategy and this announcement marks our second definitive agreement in that effort," said Thomas D. Miller, President and Chief Executive Officer of Quorum Health Corporation. "We are working toward additional divestitures in our efforts to improve organizational performance and reduce our debt."

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