IRVINE, CA / ACCESSWIRE / October 19, 2016 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against Quorum Health Corporation ("Quorum" or the "Company") (QHC). Investors who purchased or otherwise acquired Quorum securities: (1) pursuant and/or traceable to Quorum's Registration Statement issued in connection with the Company's spinoff from Community Health Systems, Inc. ("CHS") effective on or about April 29, 2016; and/or (2) on the open market between May 2, 2016 and August 10, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm prior to the November 8, 2016 lead plaintiff motion deadline.
If you purchased Quorum shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Quorum made false and/or misleading statements and/or failed to disclose: that many of the Company's hospitals were underperforming at the time of the spin-off from CHS; that various other indicators of impairment existed at the time of Quorum's spin-off from CHS; that Quorum ignored and/or failed to inform investors of the foregoing issues; and that as a result of the above, Quorum's public statements were materially false and misleading at all relevant times. On August 10, 2016, the Company issued a press release and filed a Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission reporting substantial net loss and an operating loss for the quarter ending June 30, 2016. Quorum blamed the loss on impairment charges it had taken, goodwill loss from divesting certain hospitals, and carryover allocation of goodwill at the time of the spin-off from CHS. When this news went public, Quorum's stock price fell, thus causing investors harm.
If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
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Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP