Resurgence Health expresses interest in SunLink

By Lisa Kerner

Charlotte, N.C., Nov. 15 - SunLink Health Systems, Inc. said it received an unsolicited conditional expression of interest from Resurgence Health Group, Inc. to acquire SunLink for $7.50 cash per share.

The board of directors of SunLink will consider the proposal, according to a form 8-K filing with the Securities and Exchange Commission.

According to Resurgence's Nov. 7 letter of interest, the per-share price is a 26% premium over SunLink's closing price on Nov. 6.

Resurgence is an Atlanta-based privately held company formed to acquire and operate rural and other small hospitals.

SunLink, also based in Atlanta, provides health-care services through the operation of exurban and rural community hospitals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.