San Diego, CA -- (SBWIRE) -- 11/07/2016 -- The Shareholders Foundation announced that a deadline is coming up on November 8, 2016 in the lawsuit filed for certain investors of Quorum Health Corp (NYSE:QHC) over alleged securities laws violations by Quorum Health.

Investors who purchased shares of Quorum Health Corp (NYSE:QHC) have certain options and there are strict and short deadlines running. Deadline: November 8, 2016. NYSE:QHC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

According to the complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges on behalf of purchasers of Quorum Health Corp (NYSE:QHC) securities pursuant and/or traceable to Quorum Health's Registration Statement issued in connection with the Company's spinoff from Community Health Systems, Inc. ("CHS") effective on or about April 29, 2016 and/or on behalf of all persons other than Defendants who purchased or otherwise acquired Quorum Health Corp (NYSE:QHC) securities on the open market between May 2, 2016 and August 10, 2016, that the defendants violated Federal Securities Laws.

Quorum Health Corp was spun off from Community Health Systems, Inc effective April 29, 2016. ; Under the terms of the spin-off, Community Health Systems, Inc stockholders who held Community Health Systems, Inc common stock as of April 22, 2016, the record date, received a distribution of one share of Quorum Health Corp common stock for every four shares of CHS common stock, plus cash in lieu of any fractional shares. Community Health Systems, Inc's stockholders owned all of the outstanding common stock of Quorum Health Corp upon completion of the spinoff. ;

More specifically, the plaintiff claims that Defendants made allegedly false and/or misleading statements and/or failed to disclose that a number of Quorum's hospitals were underperforming at the time of the spin-off from Community Health Systems, Inc, that various other indicators of impairment existed at the time of Quorum's spin-off from Community Health Systems, Inc, that Quorum disregarded and/or failed to advise investors of the foregoing issues, and that as a result of the foregoing, Quorum's public statements were materially false and misleading at all relevant times.

On May 11, 2016, Quorum Health Corp stated its 2016 guidance revenues ranging between $2.2 billion to $2.3 billion. Then on August 10, 2016, Quorum Health Corp said it had a damage of $250.4 million during the quarter ending June 30, 2016 and then decreased its 2016 guidance revenues ranging $2.15 billion to $2.20 billion. Shares of Quorum Health Corp (NYSE:QHC) declined from $10.12 per share on August 10, 2016, to $4.12 per share on August 11, 2016.

On November 4, 2016, NYSE:QHC shares closed at $3.91 per share.

Those who purchased shares of Quorum Health Corp have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com