ATLANTA--(BUSINESS WIRE)--SunLink Health Systems, Inc. (NYSE MKT: SSY) today announced that a subsidiary has reached agreement to sell its medical office building complex, comprised of land and three buildings in Ellijay, GA for approximately $4,900,000. The company expects to recognize a pre-tax gain on the sale of approximately $2,400,000. The transaction is subject to buyer due diligence and other conditions and is anticipated to close in December 2016. After repayment of mortgage debt and expenses of approximately $2,300,000, the company expects net proceeds from the sale of approximately $2,600,000. The proceeds will be retained for working capital and general corporate purposes.

SunLink Health Systems, Inc. is the parent company of subsidiaries that own and operate healthcare facilities in the Southeast and a pharmacy company in Louisiana. Each of the company's healthcare facilities is operated locally with a strategy of linking patients' needs with dedicated physicians and healthcare professionals. For additional information on SunLink Health Systems, Inc., please visit the company’s website at www.sunlinkhealth.com.