SunLink Health Systems, Inc. Announces Sale of Trace Extended Care & Rehab [Yahoo! Finance]
SunLink Health Systems, Inc. (SSY)
NASDAQ:AMEX Investor Relations:
sunlinkhealth.com
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Source: Yahoo! Finance
Corporation of Houston, Inc., has completed the sale of its Trace Extended Care & Rehab senior care facility and related real estate in Houston, Mississippi for approximately $7,100,000. The company said the net proceeds of approximately $6,500,000 will be retained for working capital and general corporate purposes. The company expects to recognize a pre-tax gain on the sale of approximately $5,700,000 in its fourth fiscal quarter ending June 30, 2024. SunLink noted that the sale is intended to further its strategy of positioning itself for an extraordinary transaction, which might include a merger or consolidation with a compatible third party as a result of which the company may not be in the majority, while also seeking to improve its existing operations and considering the sale or disposition of non-performing assets. The company is seeking to identify a strategic transaction which it believes would offer its shareholders a reasonable opportunity for future appreciation in the v
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News
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SunLink Health Systems, Inc. Announces Sale of Trace Extended Care & RehabBusiness Wire
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SunLink Health Systems, Inc. (NYSE: SSY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SSY
Sec Filings
- 6/7/24 - Form ARS
- 6/6/24 - Form DEF
- 6/5/24 - Form 8-K
- SSY's page on the SEC website