SunLink Health Systems (SSY) skyrockets on capital expansion

Shares of SunLink Health Systems (SSY) surged 200% today on news that the company announced its subsidiary, Trace Regional Hospital has implemented its $2m plan to expand, upgrade and improve its physical plant, patient care, ancillary services and support areas.

The Trace Forward Capital Plan includes an 8-bed expansion of its Pathways Care Program, a geriatric behavioral health service, which will bring Pathways to 26 total beds.

The Plan also features modernized, acute care patient rooms with renovated support areas, a complete hospital-wide replacement and upgrade of its heating and air conditioning systems, replacement of a substantial portion of the building roof, enhanced Women’s services equipment, new diagnostic equipment, additional information technology equipment and improved IT security services.

In connection of these improvements Trace has recently added new ultrasound equipment and expanded telemedicine services to augment its existing digital mammography capabilities.

Trace Regional Hospital is an 84-bed licensed acute care hospital, which includes the 18-bed Pathways Care Program and Floy Dyer Nursing Home, a 66-bed skilled nursing facility. Trace, Pathways and Floy Dyer are located in Houston, Mississippi, and focus primarily on senior healthcare services.