SunLink Health Systems, Inc. (NYSE: American: SSY) announces that its subsidiary, Crown Healthcare Investments, LLC, has signed an agreement with Progressive Health Group, LLC (“Buyer”) for the sale of the subsidiary that owns and operates Trace Regional Medical Center, which includes a hospital, skilled nursing facility and three (3) patient clinics in Chickasaw County, MS, for approximately $8,000,000. The company expects to recognize a pre-tax gain of approximately $1,700,000 on the transaction, which is scheduled to close on December 15, 2023.
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Source: https://www.businesswire.com/news/home/20231113529667/en/SunLink-Health-Systems-Reaches-Agreement-for-Sale-of-Trace-Regional-Medical-Center