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Sunlink Health Systems (SSY)

SunLink Health Systems, Inc. invests in healthcare facilities and related businesses located in the Southeast. SunLink’s investment strategy targets environments which link patient service needs with dedicated healthcare professionals to deliver quality, compassionate, and efficient healthcare, products and services. Formed in 2000, SunLink currently holds investments in one community hospital, two skilled nursing facilities, a healthcare technology company, a specialty pharmacy company, and related assets. SunLink’s executive team has over 100 years of combined experience in managing healthcare investments and has a record of success with acquisitions, development, operations and dispositions of healthcare investments.

Company profile

Ticker
SSY
Exchange
NYSE
Website
www.sunlinkhealth.com
CEO
Robert M. Thornton
Employees
Incorporated
Ohio
Location
Georgia
Fiscal year end
Jun 30
Sector
Health Care and Social Assistance > General Medical and Surgical Hospitals
Industry (SIC)
Services - General Medical & Surgical Hospitals, NEC
HCA Healthcare • Community Health Systems • Tenet Healthcare • Universal Health Services • Quorum Health • Surgery Partners • Rennova Health • ETHEMA HEALTH • Nobilis Health • Medcath ...
Former names
KRUG INTERNATIONAL CORP
SEC CIK
0000096793
Corporate docs
Subsidiaries
SunLink Health Systems Technology, Inc. • SunLink ScriptsRx, LLC • Crown Healthcare Investments, LLC • New Seasons Assisted Living, LLC • HealthMont LLC • Dexter Hospital LLC • Southern Health Corporation • HealthMont of Georgia Inc. • HealthMont of Missouri, LLC • Carmichael’s Cashway Pharmacy, Inc. ...
IRS number
310621189

SSY stock data

News

From Benzinga Pro
Overview Of Value Stocks In The Healthcare Sector
25 Jul 22
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14 Jul 22
Twitter, Delta Air Lines And 45 Stocks Moving In Wednesday's Mid-Day Session
13 Jul 22

Press releases

From Benzinga Pro
SunLink Health Systems, Inc. Announces Fiscal 2022 Third Quarter Results and COVID-19 Update
16 May 22
SunLink Health Systems, Inc. (NYSE:SSY) today announced a loss from continuing operations of $934,000 (or a loss of $0.13 per fully diluted share) for its third fiscal quarter ended March 31, 2022 compared to a loss

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 May 22
9 Aug 22
30 Jun 23

Financial summary

Financial statements Chart SSY financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.14M 7.14M 7.14M 7.14M 7.14M 7.14M
Cash burn (monthly) 390.33K 329.5K 354.67K (no burn) 81.33K 16.75K
Cash used (since last report) 1.68M 1.42M 1.53M n/a 350.22K 72.13K
Cash remaining 5.46M 5.73M 5.62M n/a 6.79M 7.07M
Runway (months of cash) 14.0 17.4 15.8 n/a 83.5 422.2

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SSY insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 May 22 Thornton Robert M JR Common Stock Buy Acquire P Yes No 1.03 25,000 25.75K 543,343
28 Oct 21 C Michael Ford Common Stock Option exercise Acquire M No No 1.67 10,000 16.7K 26,422
28 Oct 21 C Michael Ford Director Stock Option Common Stock Option exercise Dispose M No No 1.67 10,000 16.7K 0
25 Oct 21 Gene E Burleson Common Stock Option exercise Acquire M No No 1.67 10,000 16.7K 77,243
25 Oct 21 Gene E Burleson Director Stock Option Common Stock Option exercise Dispose M No No 1.67 10,000 16.7K 0
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SSY institutional ownership history Ownership history
19.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 15 17 -11.8%
Opened positions 2 3 -33.3%
Closed positions 4 2 +100.0%
Increased positions 0 3 EXIT
Reduced positions 5 2 +150.0%
13F shares Current Prev Q Change
Total value 1.61M 1.76M -8.7%
Total shares 1.35M 1.39M -3.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Renaissance Technologies 313.93K $458K -5.2%
NILE BitNile 252K $0 0.0%
Acadian Asset Management 250.12K $364K -0.9%
Bridgeway Capital Management 232.8K $340K 0.0%
Vanguard 110.34K $161K 0.0%
Granite Investment Partners 50.15K $73K 0.0%
Dimensional Fund Advisors 47.32K $69K -25.5%
STT State Street 42.3K $62K 0.0%
Geode Capital Management 32.99K $48K 0.0%
Citadel Advisors 13.93K $20K NEW
Largest transactions Shares Bought/sold Change
Renaissance Technologies 313.93K -17.36K -5.2%
Dimensional Fund Advisors 47.32K -16.17K -25.5%
VIRT Virtu Financial 0 -14.27K EXIT
Citadel Advisors 13.93K +13.93K NEW
Acadian Asset Management 250.12K -2.35K -0.9%
UBS UBS Group AG - Registered Shares 2.83K -2.23K -44.1%
Tower Research Capital 1.77K -1.69K -48.9%
RY Royal Bank Of Canada 0 -920 EXIT
Advisor 0 -362 EXIT
CoreCap Advisors 0 -165 EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: booster, department, hiring, Human, intensified, occupancy, order, plateaued, reader, readily, recession, stagnant, thereof, turnover, unavailability, vacation
Removed: EHR, lending, minimal, refinance
From filing 10-Q 2022 Q3
Financial reports
View all
10-Q
2022 Q3
Quarterly report
16 May 22
10-Q
2021 Q2
Quarterly report
14 Feb 22
10-Q
2021 Q1
Quarterly report
15 Nov 21
10-K
2021 FY
Annual report
27 Sep 21
10-Q
2021 Q3
Quarterly report
14 May 21
10-Q
2021 Q2
Quarterly report
16 Feb 21
10-Q
2021 Q1
Quarterly report
13 Nov 20
10-K
2020 FY
Annual report
28 Sep 20
10-Q
2020 Q3
Quarterly report
14 May 20
10-Q
2020 Q2
Quarterly report
13 Feb 20
Current reports
View all
8-K
Submission of Matters to a Vote of Security Holders
14 Nov 21
8-K
Sunlink Health Systems, Inc. Announces $2 Million Expansion, Capital and Operating Improvements at Trace Regional Hospital
17 Mar 21
8-K
Departure of Directors or Certain Officers
23 Feb 21
8-K
Submission of Matters to a Vote of Security Holders
13 Nov 20
8-K
Sunlink Health Systems, Inc. Announces Suspension of Share Repurchase Program
26 Mar 20
8-K
Submission of Matters to a Vote of Security Holders
13 Nov 19
8-K
SUNLINK HEALTH SYSTEMS, INC ANNOUNCES FORM 13e-3 FILING AND NOTICE TO SHAREHOLDERS IN CONNECTION WITH IT’S SHARE REPURCHASE PLAN
17 Oct 19
8-K
Sunlink Health Systems, Inc Announces Share Repurchase Plan and Debt Paydown
14 Oct 19
8-K
Other Events
20 Mar 19
8-K
Sunlink Health Systems, Inc. Announces Agreement for Sale of Parkside Ellijay Nursing Home and Real Estate
4 Mar 19
Registration and prospectus
View all
SC 13E3/A
Going private transaction (amended)
2 Jun 20
SC 13E3/A
Going private transaction (amended)
26 Mar 20
SC 13E3/A
Going private transaction (amended)
18 Feb 20
SC 13E3/A
Going private transaction (amended)
31 Jan 20
SC 13E3/A
Going private transaction (amended)
15 Nov 19
SC 13E3/A
Going private transaction (amended)
28 Oct 19
SC 13E3/A
Going private transaction (amended)
25 Oct 19
SC 13E3
Going private transaction
15 Oct 19
SC TO-I/A
Issuer tender offer statement (amended)
27 Dec 17
SC TO-I/A
Issuer tender offer statement (amended)
21 Dec 17
Proxies
View all
DEF 14A
Definitive proxy
28 Sep 21
DEF 14A
Definitive proxy
29 Sep 20
DEF 14A
Definitive proxy
27 Sep 19
DEF 14A
Definitive proxy
26 Sep 18
DEF 14A
Definitive proxy
28 Sep 17
DEFA14A
Additional proxy soliciting materials
10 Oct 16
DEF 14A
Definitive proxy
29 Sep 16
PRE 14A
Preliminary proxy
22 Sep 16
DEF 14A
Definitive proxy
28 Sep 15
DEF 14A
Definitive proxy
30 Sep 14
Other
View all
UPLOAD
Letter from SEC
17 Jan 18
CORRESP
Correspondence with SEC
6 Dec 17
CORRESP
Correspondence with SEC
1 Feb 17
UPLOAD
Letter from SEC
22 Jan 17
UPLOAD
Letter from SEC
14 Apr 15
CORRESP
Correspondence with SEC
1 Apr 15
CORRESP
Correspondence with SEC
23 Mar 15
CORRESP
Correspondence with SEC
17 Feb 15
UPLOAD
Letter from SEC
3 Feb 15
CORRESP
Correspondence with SEC
6 Mar 13
Ownership
View all
4
SUNLINK HEALTH SYSTEMS / ROBERT M THORNTON JR ownership change
26 May 22
4/A
SUNLINK HEALTH SYSTEMS / C MICHAEL FORD ownership change
12 Nov 21
4/A
SUNLINK HEALTH SYSTEMS / GENE E BURLESON ownership change
12 Nov 21
4
SUNLINK HEALTH SYSTEMS / STEVEN J BAILEYS ownership change
12 Nov 21
4
SUNLINK HEALTH SYSTEMS / GENE E BURLESON ownership change
12 Nov 21
4
SUNLINK HEALTH SYSTEMS / C MICHAEL FORD ownership change
12 Nov 21
4
SUNLINK HEALTH SYSTEMS / HOWARD E TURNER ownership change
4 Jun 21
4
SUNLINK HEALTH SYSTEMS / C MICHAEL FORD ownership change
27 May 21
SC 13D/A
SUNLINK HEALTH SYSTEMS / TURNER HOWARD E ownership change
24 May 21
4
SUNLINK HEALTH SYSTEMS / HOWARD E TURNER ownership change
21 May 21

Reddit threads

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