An unknown buyer entered into a letter of intent to acquire Big Spring Hospital Corporation from Quorum Health Corporation (NYSE:QHC) on November 2, 2018. An unknown buyer entered into a definitive agreement to acquire Big Spring Hospital Corporation from Quorum Health Corporation on January 7, 2019. All cash proceeds from the transaction will be used to repay outstanding principal on the Quorum’s term loan facility. The transaction is expected to be complete by the end of the first quarter of 2019, subject to customary approvals and conditions.