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SGR Acts as Legal Counsel in Sale of Hospital
Smith, Gambrell & Russell, LLP represented SunLink Health Systems, Inc. in connection with SunLink’s sale of a 35-bed hospital located in the northern Atlanta Metropolitan Area to Piedmont Medical Center, Inc. for approximately $40 million. SunLink is an owner and operator of general acute care community hospitals and related businesses, currently with seven hospitals in the Southeast and Midwest. SunLink’s shares are traded on the American Stock Exchange under the symbol “SSY.” The transaction was completed in May 2004.
The transaction involved negotiation of an asset purchase agreement and ancillary documents relating to the transaction, including a collection services agreement, a non-competition agreement, and customary transfer documents.
The SGR team assembled for this transaction included Howard Turner, Tim Elder and Hong Wills.