SunLink Health Systems, Inc.(SSY) stock price increased in the late-hours session on Monday, March 15, 2021, after the company announced the capital expansion. The stock went 13.99% up in the extended trading session on Monday.
Trace Regional Hospital, which is a wholly-owned subsidiary of SunLink Health Systems has implemented its Trace Forward Capital Plan of $2million to improve its health care facilities such as patient care, ancillary services, and support areas.
The company plan is to expand the Pathways Care Program with 8 more beds, increasing its total capacity to 26 beds. The expansion also features upgraded acute care patient rooms, upgraded Women’s services equipment, new heating, and air conditioning systems, and improved IT security services. The SSY will also be going to add new ultrasound equipment and expanded telemedicine services.
Recent SSY News
On February 16, 2021, SunLink Health Systems announced its financial results for the second fiscal quarter ended December 31, 2020.
- The SSY net earnings were 3,074,000 or $0.45 per fully diluted share for the reported quarter.
- Consolidated net revenues was $10,150,000 from continuing operations.
- SSL suffered an operating loss of $254,000 for the reported quarter
About the company:
SunLink Health Systems, Inc. is the parent company of subsidiaries that own and operate healthcare businesses in the Southeast. Each of the Company’s healthcare businesses is operated locally with a strategy of linking patients’ needs with healthcare professionals. The Healthcare Services segment includes subsidiaries which own and operate nearly 80-licensed-bed, acute care hospital.