SunLink Health Systems, Inc. (NYSE:AMERICAN: SSY) announces that its subsidiary, Southern Health 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. 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.
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Source: https://www.businesswire.com/news/home/20240603109864/en/SunLink-Health-Systems-Inc.-Announces-Sale-of-Trace-Extended-Care-Rehab