Event-Driven Stocks

Spin-offSpun off from QHC

The two companies

Parent
QHC
↓ spun off ↓

Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.

Sector
Healthcare
Industry
Services-General Medical & Surgical Hospitals, NEC
Exchange
State of incorporation
DE
Record date
April 22, 2016
Distribution date
April 29, 2016
Ratio
1:4
Parent sector
Form
10-12B/A
Filed
April 1, 2016

Financials — parent vs spin-off

SEC XBRL · latest year
QHC

No XBRL financials available.

Quorum Health CorpFY19
Revenue
$443M
Operating income
−$28M
Net income
−$39M
Total assets
$1.49B
Equity
−$251M

Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.

Spin-off signals

score 0/5 favorable · factors, not advice
  • Leverage (liabilities/assets)116%

    A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.

  • Operating margin-6.4%

    Profitability of the standalone business, from its own SEC filings.

  • Tax-basis reportNone found

    A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.

  • Insider buying (post-spin)None recorded

    Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.

  • Time since spin-off10.1 years

    Studies find the spin-off return premium concentrates in roughly the first one to three years.

Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗

Filings & documents

Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.