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Resurgence Health expresses interest in SunLink
By Lisa Kerner
Charlotte, N.C., Nov. 15 - SunLink Health Systems, Inc. said it received an unsolicited conditional expression of interest from Resurgence Health Group, Inc. to acquire SunLink for $7.50 cash per share.
The board of directors of SunLink will consider the proposal, according to a form 8-K filing with the Securities and Exchange Commission.
According to Resurgence's Nov. 7 letter of interest, the per-share price is a 26% premium over SunLink's closing price on Nov. 6.
Resurgence is an Atlanta-based privately held company formed to acquire and operate rural and other small hospitals.
SunLink, also based in Atlanta, provides health-care services through the operation of exurban and rural community hospitals.
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