SunLink Health Systems, Inc. Announces Sale of Trace Extended Care & Rehab
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. The company is seeking to identify a strategic transaction which it believes would offer its shareholders a reasonable opportunity for future appreciation in the value of their shares at what the Board and management believe is an acceptable level of risk.
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
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