SunLink Health Systems Announces Agreement to Sell Assets of its Dexter, MO Hospital
SunLink Health Systems, Inc. (NYSE:MKT: SSY) today announced that it has signed an agreement for the sale of substantially all the assets and the leasehold interest of its subsidiary, Dexter Hospital, LLC, D/B/A Missouri Southern Healthcare, to Southeast Missouri Hospital Association, D/B/A SoutheastHEALTH. The assets of Missouri Southern Healthcare consist of a leased 50-bed acute care hospital and related clinics, equipment, and home health services in Dexter, MO. The transaction is subject to a number of preconditions, including satisfactory buyer due diligence and, subject thereto, is expected to close by December 31, 2012. It is anticipated that SunLink's subsidiary, Dexter Hospital, LLC, will manage the hospital for SoutheastHEALTH after closing during a transition period ending June 30, 2013.
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