ATLANTA--(Business Wire)--SunLink Health Systems, Inc. (AMEX:SSY) today announced that it
has retained Stephens Inc. for the purpose of advising the Board of
Directors of SunLink in connection with an evaluation of the Company's
strategic alternatives, including, among others, (i) the proposal by
Resurgence Health Group, LLC to acquire SunLink for $7.50 per share in
cash and (ii) whether it would be in the best interest of SunLink, its
shareholders and other applicable constituencies to remain an
independent public company and continue to pursue SunLink's existing
business plan.
A spokesman for the Board stated: "SunLink is committed to
enhancing shareholder value while maintaining high standards of
responsibility to its patients, employees and physicians and the
communities it serves. The business plan of the Company is sound and
working. Although SunLink has not foreclosed any option, the Board
will not approve efforts by any potential purchaser who seeks to
acquire SunLink for less than its true value. Therefore, despite the
Board's authorization to evaluate the Company's strategic
alternatives, there is no assurance that any transaction will either
be approved by the Board or result from this process."
SunLink Health Systems, Inc. currently operates seven community
hospitals and related businesses in the Southeast and Midwest. Each
SunLink facility is the only hospital in its community. SunLink's
operating strategy is to link patients' needs with dedicated
physicians and healthcare professionals to deliver quality, efficient
medical care in each community it serves. For additional information
on SunLink Health Systems, Inc., please visit the company's website at
www.sunlinkhealth.com.
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995 including, without limitation, statements regarding the Company's
business strategy. These forward-looking statements are subject to
certain risks, uncertainties and other factors, which could cause
actual results, performance and achievements to differ materially from
those anticipated. Certain of those risks, uncertainties and other
factors are disclosed in more detail in the Company's Annual Report on
Form 10-K for the year ended June 30, 2007 and other filings with the
Securities and Exchange Commission which can be located at
www.sec.gov.
SunLink Health Systems, Inc.
Robert M. Thornton, Jr., 770-933-7000
President & CEO
sunlink@sunlinkhealth.com
Copyright Business Wire 2008
