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Saturday August 17th, 2019 6:51AM

SunLink Health Systems, Inc. Announces Sale of Medical Office Building and Land

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Oct 11, 2018--SunLink Health Systems, Inc. (NYSE AMERICAN: SSY) today announced the sale of a medical office building and approximately two adjacent acres of undeveloped land in Dahlonega, GA. After expenses, the company expects net proceeds from the sale of approximately $935,000, which will be retained for working capital and general corporate purposes. The company expects to recognize a pre-tax gain on the sale of approximately $452,000.

SunLink Health Systems, Inc. is the parent company of subsidiaries that own and operate healthcare businesses in the Southeast. Each of the Company’s healthcare businesses is operated locally with a strategy of linking patients’ needs with healthcare professionals. For additional information on SunLink Health Systems, Inc., please visit the Company’s website.

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements regarding the company’s business strategy. These forward-looking statements are subject to certain risks, uncertainties and other factors, which could cause actual results, performance and achievements to differ materially from those anticipated. Certain of those risks, uncertainties and other factors are disclosed in more detail in the company’s Annual Report on Form 10-K for the year ended June 30, 2018 and other filings with the Securities and Exchange Commission which can be located at www.sec.gov.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005885/en/

CONTACT: SunLink Health Systems, Inc.

Robert M. Thornton, Jr., 770-933-7004

Chief Executive Officer

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: PRACTICE MANAGEMENT HEALTH HOSPITALS

SOURCE: SunLink Health Systems, Inc.

Copyright Business Wire 2018.

PUB: 10/11/2018 04:31 PM/DISC: 10/11/2018 04:31 PM

http://www.businesswire.com/news/home/20181011005885/en

  • Associated Categories: Associated Press (AP), AP Online - Georgia News, AP Business Wire - Georgia
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