Atlanta-based SunLink Health Systems (NYSE: American: SSY) announced that its subsidiary Crown Healthcare Investments has signed an agreement with Progressive Health Group to sell Trace Regional Medical Center in Mississippi.
The deal includes a hospital, skilled nursing facility and three patient clinics in Chickasaw County, MS, for approximately $8 million. The company expects to recognize a pre-tax gain of approximately $1,700,000 on the transaction, which is scheduled to close on Dec. 15. Read more.
