The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.The terms "QHC," "Quorum Health," "the Company," "we," "us" or "our" refer to Quorum Health Corporation or one or more of its subsidiaries or affiliates as applicable.Heatherdale Announces Upsizing of Previously Announced Private Placement to CDN$5.5 MillionNow Might Be a Good Time to Cover Your Royal Caribbean Short PositionIs There Now An Opportunity In MSC Industrial Direct Co., Inc. (NYSE:MSM)?PennyMac Financial Crushes It on Record Mortgage VolumeSeaWorld Goes Where Disney and Universal Won't Be Going This HalloweenRussia has registered world's first COVID-19 vaccineStock market news live updates: Stocks rise, Dow adds 300+ points amid vaccine, stimulus optimismCompany 401(k) matches are (mostly) surviving the coronavirusDow Jones Jumps 325 Points On Russian Coronavirus Vaccine Claim; Nike In Buy Zone, While Tilray, Nio Report Earnings3 challenges facing the stock market right now: Morning Brief
In connection with the RSA and the expected Chapter 11 filing, Quorum Health has received a commitment for debtor-in-possession (“DIP”) financing consisting of $100 million, from certain of its existing noteholders. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. “We believe the financial restructuring plan announced today will strengthen our business and enable our community hospitals to continue the important work they are doing in addressing the COVID-19 crisis, as well as serve their patients and communities,” said Bob Fish, Quorum Health Corporation President and Chief Executive Officer. Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. Upon Court approval, the new financing and cash generated from the Company’s ongoing operations will be used to support the business during the court-supervised process. McDermott Will & Emery LLP and Wachtell, Lipton, Rosen & Katz are serving as the Company’s legal counsel, MTS Health Partners, L.P. is serving as its financial advisor and Alvarez & Marsal North America, LLC. As an operator of general acute care hospitals, the people at Quorum Health are focused on empowering local teams to create and sustain health care solutions as unique as the communities they serve. See insights on Quorum Health including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Contacts On August 4, 2015, Community Health Systems, Inc. (NYSE: CYH) announced plans to form a new, independent, publicly traded hospital company by spinning off a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting firm.
In connection with the April notice, on June 10, 2019, the NYSE accepted the Company’s 18-month plan with respect to the deficiency under Section 802.01B. The terms “QHC,” “Quorum Health,” or the “Company” as used in this website refer to the organization and its affiliates, unless otherwise stated or indicated by context. To implement the plan, Quorum Health filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). More information about Quorum Health Corporation can be found at
is serving as restructuring advisor. Readers are referred to the documents filed by Quorum Health Corporation with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. The Company’s subsidiary, Quorum Health Resources, is also continuing to provide the same high quality services to its hospital, health system and healthcare provider clients. Additional information can be accessed by visiting Quorum Health’s website at QuorumForward.com or calling Quorum Health’s Restructuring Hotline, toll-free in the U.S. at (866) 977‐0859, or (503) 597‐7702 for calls originating outside of the U.S. Court filings and other documents related to the court-supervised proceedings are available at a website administered by the Company’s claims agent, Epiq Corporate Restructuring, LLC, at Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 23 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of 1,950 licensed beds. Our goal is to help client hospitals achieve a sustainable future and thrive in a competitive and ever-changing marketplace.
The term "facilities" refers to entities owned or operated by subsidiaries or affiliates of Quorum Health Corporation. On August 4, 2015, Community Health Systems, Inc. (NYSE: CYH) announced plans to form a new, independent, publicly traded hospital company by spinning off a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting firm. The operations of Quorum Health and our hospitals are unaffected and all facilities are open and available to provide patient care. The NYSE rules require the Company to notify the NYSE, within 10 business days of receipt of the March 2020 Notice, of its intent to cure this deficiency or be subject to suspension and delisting procedures.The March 2020 Notice represents the second instance that the Company was not in compliance with this criterion. "Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. The Company announced the appointment of veteran health care executive Joey Jacobs as Chief Executive Officer as well as a new Board of Managers with extensive healthcare experience. Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 22 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of 1,817 licensed beds. 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.In accordance with the NYSE rules, the Company has a period of six months following the receipt of the March 2020 Notice to regain compliance with the minimum share price requirement.
In connection with the RSA and the expected Chapter 11 filing, Quorum Health has received a commitment for debtor-in-possession (“DIP”) financing consisting of $100 million, from certain of its existing noteholders. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. “We believe the financial restructuring plan announced today will strengthen our business and enable our community hospitals to continue the important work they are doing in addressing the COVID-19 crisis, as well as serve their patients and communities,” said Bob Fish, Quorum Health Corporation President and Chief Executive Officer. Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. Upon Court approval, the new financing and cash generated from the Company’s ongoing operations will be used to support the business during the court-supervised process. McDermott Will & Emery LLP and Wachtell, Lipton, Rosen & Katz are serving as the Company’s legal counsel, MTS Health Partners, L.P. is serving as its financial advisor and Alvarez & Marsal North America, LLC. As an operator of general acute care hospitals, the people at Quorum Health are focused on empowering local teams to create and sustain health care solutions as unique as the communities they serve. See insights on Quorum Health including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Contacts On August 4, 2015, Community Health Systems, Inc. (NYSE: CYH) announced plans to form a new, independent, publicly traded hospital company by spinning off a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting firm.
In connection with the April notice, on June 10, 2019, the NYSE accepted the Company’s 18-month plan with respect to the deficiency under Section 802.01B. The terms “QHC,” “Quorum Health,” or the “Company” as used in this website refer to the organization and its affiliates, unless otherwise stated or indicated by context. To implement the plan, Quorum Health filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Court”). More information about Quorum Health Corporation can be found at
is serving as restructuring advisor. Readers are referred to the documents filed by Quorum Health Corporation with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. The Company’s subsidiary, Quorum Health Resources, is also continuing to provide the same high quality services to its hospital, health system and healthcare provider clients. Additional information can be accessed by visiting Quorum Health’s website at QuorumForward.com or calling Quorum Health’s Restructuring Hotline, toll-free in the U.S. at (866) 977‐0859, or (503) 597‐7702 for calls originating outside of the U.S. Court filings and other documents related to the court-supervised proceedings are available at a website administered by the Company’s claims agent, Epiq Corporate Restructuring, LLC, at Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 23 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of 1,950 licensed beds. Our goal is to help client hospitals achieve a sustainable future and thrive in a competitive and ever-changing marketplace.
The term "facilities" refers to entities owned or operated by subsidiaries or affiliates of Quorum Health Corporation. On August 4, 2015, Community Health Systems, Inc. (NYSE: CYH) announced plans to form a new, independent, publicly traded hospital company by spinning off a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting firm. The operations of Quorum Health and our hospitals are unaffected and all facilities are open and available to provide patient care. The NYSE rules require the Company to notify the NYSE, within 10 business days of receipt of the March 2020 Notice, of its intent to cure this deficiency or be subject to suspension and delisting procedures.The March 2020 Notice represents the second instance that the Company was not in compliance with this criterion. "Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. The Company announced the appointment of veteran health care executive Joey Jacobs as Chief Executive Officer as well as a new Board of Managers with extensive healthcare experience. Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 22 affiliated hospitals in rural and mid-sized markets located across 13 states with an aggregate of 1,817 licensed beds. 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.In accordance with the NYSE rules, the Company has a period of six months following the receipt of the March 2020 Notice to regain compliance with the minimum share price requirement.