SunLink May Sell Office Buildings

According to a Press Release from SunLink Health Systems, Inc, the company “announced that a subsidiary has reached agreement to sell its medical office building complex, comprised of land and three buildings in Ellijay, GA for approximately $4,900,000.”

According to sources, the buildings involved are likely to be the three buildings located on Industrial Boulevard across from the Bank of the Ozarks Building. While FYN has reached out to Piedmont for questions of their involvement, no confirmation has been made. However, as you pass the offices, you will notice large signs bearing the Piedmont Healthcare name and offering career opportunities.

That Press Release also states SunLink expects “a pre-tax gain on the sale of approximately $2,400,000. The transaction is subject to buyer due diligence and other conditions and is anticipated to close in December 2016. After repayment of mortgage debt and expenses of approximately $2,300,000, the company expects net proceeds from the sale of approximately $2,600,000. The proceeds will be retained for working capital and general corporate purposes.”