In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Quorum Health Corp. (NYSE:QHC) reported that Kkr Credit Advisors (us) Llc. has picked up 2,513,651 of common stock as of 2017-05-22.
The acquisition brings the aggregate amount owned by Kkr Credit Advisors (us) Llc. to a total of 2,513,651 representing less than 8.3% stake in the company.
For those not familiar with the company, Quorum Health Corporation is an operator and manager of general acute care hospitals and outpatient services in the United States. The Company operates in two segments: Hospital operations, which includes its general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services, and hospital management advisory and consulting services, which includes Quorum Health Resources, LLC (QHR). It operates QHR, which is a hospital management advisory and consulting services that provides services to non-affiliated general acute care hospitals. Its hospitals and its affiliated businesses offer services, such as general acute care, emergency room, general and specialty surgery and rehabilitation services. On April 1, 2016, Community Health Systems, Inc. announced that its board of directors has approved the distribution to its stockholders of 100% of the common stock of a new, independent publicly traded company, Quorum Health Corporation.
A glance at Quorum Health Corp. (NYSE:QHC)’s key stats reveals a current market capitalization of 150.76 Million based on 30.30 Million shares outstanding and a price at last close of $3.60 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-18, Miller picked up 185,000 at a purchase price of $2.85. This brings their total holding to 814,139 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Quorum Health Corp. (NYSE:QHC) as things move forward to see if its progress aligns with these transactions.
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