SunLink Health Systems, Inc. launched a tender offer to buy up to 1,562,500 of its common shares for $1.60 per share.
The company plans to buy about 17.05% of its outstanding common shares, as of Nov. 20, for an aggregate purchase price of $2.5 million.
The offer will expire Dec. 21, unless extended by SunLink.
The company's officers and directors intend to tender a total of 2,136,963 shares in the offer.
D. F. King & Co. Inc. is the information agent for the offer and American Stock Transfer & Trust Company LLC is the depositary.