What will happen to the Quorum common stock that I own? Will I receive any compensation if the stock is cancelled?

Under the terms of the Company’s pre-packaged plan, the Company’s stock will be discharged, cancelled, released, and extinguished and of no further force or effect without any distribution on account of such interests. As is typical in a Chapter 11 case, the Company’s stock is expected to be delisted from the NYSE shortly after the Chapter 11 filing and, during the court-supervised process, is being traded over the counter. As of April 7, 2020, trading of the Company’s shares has been halted on the NYSE.

Any recovery to existing stockholders will be ultimately determined in connection with the Company’s Plan of Reorganization upon emergence from Chapter 11. As is typical in most Chapter 11 cases, we do not expect existing Quorum stockholders to receive any recovery at the end of the restructuring process.

Should I sell my Quorum common stock now?

Under the terms of the Company’s pre-packaged plan, the Company’s stock will be discharged, cancelled, released, and extinguished and of no further force or effect without any distribution on account of such interests. Any recovery to existing stockholders will be ultimately determined in connection with the Company’s Plan of Reorganization upon emergence from Chapter 11. As is typical in most Chapter 11 cases, we do not expect existing Quorum stockholders to receive any recovery at the end of the restructuring process.

Investors are urged to consult with their own financial advisors to better understand the implications of the restructuring. It would not be appropriate for the Company to offer investment advice.

Will you hold quarterly earnings reports and host investor conference calls?

As part of the court-supervised process, we will be required to periodically disclose certain financial results. We do not expect to issue earnings press releases or hold quarterly conference calls during the court-supervised process.