Quorum Health Corporation today announced that it has entered into a definitive agreement to divest the 146-bed Scenic Mountain Medical Center in Big Springs, Texas. The transaction is expected to be complete by the end of the first quarter of 2019, subject to customary approvals and conditions.
Scenic Mountain Medical Center was among the five facilities discussed under a Letter of Intent on the Company’s third quarter 2018 earnings conference call. All cash proceeds from the transaction will be used to repay outstanding principal on the Company’s Term Loan Facility.
Date: January 14, 2019
Source: BusinessWire
Want to publish your own articles on DistilINFO Publications?
Send us an email, we will get in touch with you.