SunLink Health Systems Sells Trace Regional Hospital Real Estate For $2M, Retains $1.93M Net Proceeds For Working Capital And Strategic Transaction Opportunities
Portfolio Pulse from Benzinga Newsdesk
SunLink Health Systems has sold the real estate of Trace Regional Hospital for $2 million, retaining $1.93 million in net proceeds. The funds will be used for working capital and strategic transaction opportunities.
October 10, 2024 | 8:12 pm
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SunLink Health Systems sold Trace Regional Hospital's real estate for $2M, retaining $1.93M for working capital and strategic opportunities.
The sale of the hospital's real estate provides SunLink with $1.93M in net proceeds, which strengthens its working capital and allows for potential strategic transactions. This is likely to be viewed positively by investors as it enhances the company's financial flexibility.
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