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
Website
CEO
Robert M. Thornton
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
KRUG INTERNATIONAL CORP
SEC CIK
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
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
10 May 23
8-K
Sunlink Health Systems, Inc. Announces Fiscal 2023
15 Feb 23
10-Q
2022 Q2
Quarterly report
14 Feb 23
8-K
Submission of Matters to a Vote of Security Holders
15 Nov 22
10-Q
2022 Q1
Quarterly report
14 Nov 22
DEF 14A
Definitive proxy
29 Sep 22
10-K
2022 FY
Annual report
28 Sep 22
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
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Annual (USD) | Jun 22 | Jun 21 | Jun 20 | Jun 19 | |
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| 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) | 5.38 mm | 5.38 mm | 5.38 mm | 5.38 mm | 5.38 mm | 5.38 mm |
| Cash burn (monthly) | (no burn) | 146.83 k | 258.00 k | 212.25 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 325.88 k | 572.61 k | 471.07 k | n/a | n/a |
| Cash remaining | n/a | 5.06 mm | 4.81 mm | 4.91 mm | n/a | n/a |
| Runway (months of cash) | n/a | 34.4 | 18.6 | 23.1 | n/a | n/a |
Institutional ownership, Q4 2022
18.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 16 |
| Opened positions | 5 |
| Closed positions | 3 |
| Increased positions | 2 |
| Reduced positions | 3 |
| 13F shares | Current |
|---|---|
| Total value | 286.20 mm |
| Total shares | 1.30 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Renaissance Technologies | 274.48 k | $167.00 k |
| AULT Ault Alliance | 252.00 k | $0.00 |
| Acadian Asset Management | 250.12 k | $151.00 k |
| Bridgeway Capital Management | 232.80 k | $142.01 mm |
| Vanguard | 86.16 k | $52.56 mm |
| Granite Investment Partners | 60.15 k | $36.69 mm |
| STT State Street | 42.64 k | $26.01 mm |
| Geode Capital Management | 32.99 k | $20.00 k |
| Wittenberg Investment Management | 24.40 k | $15.00 k |
| National Bank of Canada | 20.00 k | $12.00 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Sep 22 | C Michael Ford | Common Stock | Option exercise | Acquire M | No | No | 1.22 | 20,000 | 24.40 k | 46,422 |
| 1 Sep 22 | C Michael Ford | Director Stock Option Common Stock | Option exercise | Dispose M | No | No | 1.22 | 20,000 | 24.40 k | 0 |
| 29 Aug 22 | Baileys Steven J | Common Stock | Option exercise | Acquire M | No | No | 1.22 | 20,000 | 24.40 k | 551,244 |
| 29 Aug 22 | Baileys Steven J | Director Stock Option Common Stock | Option exercise | Dispose M | No | No | 1.22 | 20,000 | 24.40 k | 0 |
| 25 Aug 22 | Gene E Burleson | Common Stock | Option exercise | Acquire M | No | No | 1.38 | 10,000 | 13.80 k | 89,310 |
| 25 Aug 22 | Gene E Burleson | Common Stock | Payment of exercise | Dispose F | No | No | 1.79 | 8,112 | 14.52 k | 79,310 |
| 25 Aug 22 | Gene E Burleson | Common Stock | Option exercise | Acquire M | No | No | 1.21 | 12,000 | 14.52 k | 87,422 |
| 25 Aug 22 | Gene E Burleson | Common Stock | Payment of exercise | Dispose F | No | No | 1.79 | 1,190 | 2.13 k | 75,422 |
| 25 Aug 22 | Gene E Burleson | Common Stock | Option exercise | Acquire M | No | No | 0.71 | 3,000 | 2.13 k | 76,612 |
| 25 Aug 22 | Gene E Burleson | Common Stock | Payment of exercise | Dispose F | No | No | 1.79 | 13,631 | 24.40 k | 73,612 |