On March 10, 2020, KKR & Co. Inc. announced that on December 2, 2019, KKR & Co. delivered a non-binding and preliminary proposal to Quorum Health Corporation’s board of directors relating to a potential recapitalization of the Company and/or deleveraging transaction. KKR & Co. stated that discussions regarding the proposal have shifted from a take private transaction to a reorganization of the Company in which no assurances can be given that holders of the Company’s common stock will receive any consideration and in the event that holders receive consideration, no assurances can be given as to the amount of any such consideration.