NEW YORK, Sept. 30, 2016 (GLOBE NEWSWIRE) — The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Quorum Health Corporation (“Quorum”) (NYSE:QHC) (1) pursuant and/or traceable to the Registration Statement issued in connection with the Company’s spinoff from Community Health Systems, Inc. effective on or about April 29, 2016; and/or (2) on the open market between May 2, 2016 and August 10, 2016. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Middle District of Tennessee. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that during the Class Period, Quorum made false and/or misleading statements and/or failed to disclose that: (a) several of Quorum’s hospitals were under-performing at the time of the spinoff from Community Health Systems, Inc.; (b) there were numerous other signs of deficiency at the time of the spinoff; (c) Quorum omitted/and or failed to inform investors of the above-mentioned concerns; and (d) as a result, Quorum’s public statements were materially false and misleading at all relevant times.
On August 10, 2016, Quorum filed a Quarterly Report on Form 10-Q, decreasing its 2016 guidance revenues due to impairment charges, goodwill loss from divesting certain hospitals, and carryover allocation of goodwill at the time of the spinoff.
If you suffered a loss in Quorum Group you have until November 8, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com