Quorum Health Corporation announced Friday that the Company has signed a definitive agreement to sell Cherokee Medical Center and its associated assets, to NNZ Holdings, LLC.
The divestiture is expected to close within 60 days, subject to customary regulatory approvals and closing conditions.
Thomas D. Miller, Quorum Health’s president and chief executive officer stated, “Our efforts to refine our portfolio continue as we announce our third definitive agreement to divest non-core assets and we continue to have active discussions on further divestiture opportunities.”
About Quorum Health Corporation
Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. Through its affiliates, the Company owns or leases a diversified portfolio of 36 affiliated hospitals with an aggregate of over 3,400 licensed beds.
The Company also operates Quorum Health Resources, LLC, a leading hospital management advisory and consulting services business. Quorum Health began trading on the NYSE under ticker symbol “QHC” on May 2, 2016, after completing its spin-off from Community Health Systems, Inc. (NYSE: CYH). More information about Quorum Health Corporation can be found at www.quorumhealth.com.