Quorum Health Set to Join the S&P SmallCap 600
NEW YORK, April 27, 2016 /PRNewswire/ -- Quorum Health Corporation (NYSE:QHC) will replace Stone Energy Corp. (NYSE:SGY) in the S&P SmallCap 600 after the close of trading on Monday, May 2. S&P MidCap 400 constituent Community Health Systems (NYSE:CYH) is spinning off Quorum Health in a transaction expected to be completed on Friday, April 29. Post spin-off, Community Health Systems will remain in the S&P MidCap 400. Stone Energy is ranked near the bottom of the S&P SmallCap 600 and is no longer appropriate for that index.
Quorum Health owns and operates hospitals. Headquartered in Franklin, TN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Healthcare Facilities Sub-Industry index.
Following is a summary of the changes:
| S&P SMALLCAP 600 INDEX – May 2, 2016 | |||
| COMPANY | GICS ECONOMIC SECTOR | GICS SUB-INDUSTRY | |
| ADDED | Quorum Health | Healthcare | Healthcare Facilities |
| DELETED | Stone Energy | Energy | Oil & Gas Production |
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.
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SOURCE S&P Dow Jones Indices
