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
GICS ECONOMIC SECTOR
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.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
S&P DJI MEDIA CONTACTS:
Managing Director and Chairman of Index Committee
New York, USA
(+1) 212 438 3907
Head of Communications
New York, USA
(+1) 212 438 2297
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/quorum-health-set-to-join-the-sp-smallcap-600-300258886.html
SOURCE S&P Dow Jones Indices