Goldman Sachs goes active on Quorum Health

Ayla Ellison (Twitter) - Print  | 

Goldman Sachs is now an active investor in Brentwood, Tenn.-based Quorum Health, according to the Nashville Post.

Goldman, which controls a 9.3 percent stake in Quorum, switched its stance from passive to active in a filing with the Securities and Exchange Commission last week.

In the SEC filing, Goldman says it could attempt to enhance shareholder value by seeking changes in Quorum's strategy, board makeup and other areas, according to the report.

Goldman is the second investor to go active on Quorum this year. In March, Davidson Kempner Capital Management declared itself an active investor, according to the Nashville Business Journal.

More articles on healthcare finance:

Tenet sees revenue slide, posts $27M loss in Q1
Trump administration considering mandatory payment models, Verma says
10 hospitals seeking CFOs

 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.