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Sunlink Health Systems Inc - SSY STOCK NEWS

Welcome to our dedicated news page for Sunlink Health Systems (Ticker: SSY), a resource for investors and traders seeking the latest updates and insights on Sunlink Health Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sunlink Health Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sunlink Health Systems's position in the market.

Rhea-AI Summary
SunLink Health Systems, Inc. (NYSE American: SSY) reported a loss from continuing operations for the second fiscal quarter ended December 31, 2023, compared to earnings in 2022. The net loss included an impairment charge related to the sale of Trace Regional Hospital. The company also announced revised agreements for the sale of Trace to Progressive Health of Houston, LLC. Consolidated net revenues decreased, and the company reported an operating loss for the quarter. SunLink reported a loss from continuing operations for the six months ended December 31, 2023, with adverse effects from the COVID-19 pandemic impacting its operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
earnings
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Rhea-AI Summary
SunLink Health Systems, Inc. (NYSE: American: SSY) announced the sale of Trace Regional Hospital and three patient clinics in Chickasaw County, MS, to Progressive Health of Houston, LLC for $500,000. SunLink expects to report an aggregate loss in the range of $1,800,000 to $2,200,000 on the sale and its real estate. The company operates healthcare properties and businesses in the Southeast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
none
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Rhea-AI Summary
SunLink Health Systems, Inc. (SSY) has announced an amendment to the sale agreement with Progressive Health Group, LLC for the sale of Trace Regional Medical Center, extending the closing date until January 31, 2024, on the same price and terms. SunLink is a parent company of healthcare properties and businesses in the Southeast, operating locally with a patient-focused strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
none
Rhea-AI Summary
SunLink Health Systems, Inc. (NYSE American: SSY) announced a loss from continuing operations of $428,000 for the first fiscal quarter ended September 30, 2023, compared to $605,000 for the same period in 2022. The subsidiary, Crown Healthcare Investments, LLC, signed an agreement for the sale of Trace Regional Medical Center for approximately $8,000,000. The net loss for the quarter ended September 30, 2023, was $1,344,000 compared to $1,558,000 for the same period in 2022. Consolidated net revenues for each fiscal quarter ended September 30, 2023, and 2022 were $8,555,000 and $7,449,000, respectively, representing a 15% increase. SunLink reported an operating loss for the quarter ended September 30, 2023, of $450,000 compared to $617,000 for the same period in 2022. The company also highlighted the adverse effects of the COVID-19 pandemic on its assets and operations, including salaries and wages pressure, workforce shortages, supply chain disruption, and broad inflationary pressures.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
earnings
-
Rhea-AI Summary
SunLink Health Systems, Inc. (NYSE: American: SSY) has announced the sale of its subsidiary, Crown Healthcare Investments, LLC, which owns and operates Trace Regional Medical Center in Chickasaw County, MS, for approximately $8,000,000. The sale is expected to result in a pre-tax gain of approximately $1,700,000 and is scheduled to close on December 15, 2023. The proceeds of the sale will be used for general corporate purposes. Due to the sale, the company will delay filing its quarterly report with the SEC, but intends to do so within the allowed extension period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15%
Tags
none
-
Rhea-AI Summary
SunLink Health Systems, Inc. (NYSE American: SSY) reported a loss from continuing operations of $1.4 million for Q4 2023, compared to a loss of $2.3 million in Q4 2022. Net loss for Q4 2023 was $1.4 million. Consolidated net revenues for Q4 2023 increased by 11% compared to Q4 2022. The Healthcare Services Segment net revenues increased by 13%, and the Pharmacy Segment net revenues increased by 11%. The company reported an operating loss of $2.0 million for Q4 2023, compared to an operating loss of $2.2 million in Q4 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
Tags
earnings
Rhea-AI Summary
SunLink Health Systems, Inc. (NYSE American: SSY) announced a dividend of one one-thousandth (1/1,000th) of a share of the Company’s newly-designated Series C Redeemable Preferred Shares for each outstanding common share, payable on August 16, 2023. The company also intends to call a special meeting of shareholders to consider and approve a proposal to reincorporate the Company as a Georgia corporation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
dividends
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Rhea-AI Summary
SunLink Health Systems, Inc. appoints Mark J. Stockslager as a director of the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
management
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.14%
Tags
none
Sunlink Health Systems Inc

NYSE:SSY

SSY Rankings

SSY Stock Data

5.14M
5.17M
26.92%
14.87%
0.36%
General Medical and Surgical Hospitals
Health Care and Social Assistance
Link
United States
Atlanta

About SSY

sunlink health systems, inc., through its subsidiaries, provides healthcare products and services in the southeastern united states. it operates through two segments, healthcare services and pharmacy. the healthcare services segment owns and operates an 84-bed community hospital, which includes an 18-bed geriatric psychiatry unit and a 66-bed nursing home in mississippi; as well as offers information technology services. this segment also owns unimproved lands. the pharmacy segment offers institutional and non-institutional pharmacy services; and durable medical equipment products and services, which consist of the sale and rental of products for institutional clients or to patients in institutional settings and patient-administered home care, as well as retail pharmacy products and services. sunlink health systems, inc. was founded in 1959 and is based in atlanta, georgia.