QUOHEA 11 5/8 04/15/23

Quorum Health Corporation

Credit, Healthcare


Presented:01/18/2017
Price:$N/A
Cap:N/A
Current Price:$0.09
Cap:$0.00B

Presented

Date01/18/2017
Price$N/A
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price$0.09
Market Cap$0.00B

Public companies mentioned herein: Quorum Health Corp (QHC), Community Health Systems (CYH) and HCA (HCA).

Highlights

Quorum Health is a hospital operator that was spun out of Community Health at the beginning of 2016. A disaster from the start, pro forma EBITDA guidance for the standalone company had originally been for $270 million, but that estimate was immediately revised down to around $180 million after just one quarter. Since that time, however, Quorum has made solid progress on its plan to divest a small portfolio of money losing hospitals. With the business stabilizing, the presenter believes the company’s bonds – currently trading at around 90 cents after having bottomed into the 70s following the EBITDA revision and election – are likely worth at least par.

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Idea Discussion

Commentor 1 - 2 weeks ago

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