The New York Stock Exchange has accepted Brentwood, Tenn.-based Quorum Health's plan to regain compliance with NYSE continued listing standards.
NYSE notified Quorum in April that it was not in compliance with listing standards because the company's average market capitalization dipped below $50 million over a consecutive 30 trading-day period and stockholders' equity of the company was less than $50 million.
Quorum submitted a compliance plan to NYSE on June 10, and the plan was accepted. Quorum now has 18-months to regain compliance with listing standards.
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