AdaptHealth Set to Join S&P SmallCap 600

Rhea-AI Summary

AdaptHealth Corp. (NASD: AHCO) will be added to the S&P SmallCap 600 index, effective August 4, 2022. This change comes as Cummins Inc. (NYSE: CMI) is acquiring Meritor Inc. (NYSE: MTOR), which is being removed from the index. The transition reflects a strategic reshuffle in the S&P indices as AdaptHealth enhances its presence in the health care sector. The acquisition of Meritor by Cummins is expected to complete soon, pending closing conditions.

Positive

• Inclusion in the S&P SmallCap 600 boosts visibility and potentially attracts more investors.
• AdaptHealth's entry into the index may enhance liquidity and trading volume.

Negative

• None.

NEW YORK, Aug. 1, 2022 /PRNewswire/ -- AdaptHealth Corp. (NASD: AHCO) will replace Meritor Inc. (NYSE: MTOR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, August 4. S&P 500 constituent Cummins Inc. (NYSE: CMI) is acquiring Meritor in a deal expected to be completed soon pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
August 4, 2022	S&P SmallCap 600	Addition	AdaptHealth	AHCO	Health Care
	S&P SmallCap 600	Deletion	Meritor	MTOR	Industrials

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View original content:https://www.prnewswire.com/news-releases/adapthealth-set-to-join-sp-smallcap-600-301597435.html

SOURCE S&P Dow Jones Indices

FAQ

When will AdaptHealth be added to the S&P SmallCap 600?

AdaptHealth will be added to the S&P SmallCap 600 on August 4, 2022.

What company is being replaced in the S&P SmallCap 600 by AdaptHealth?

Meritor Inc. (MTOR) is being replaced by AdaptHealth in the S&P SmallCap 600.

Which company is acquiring Meritor Inc.?

Cummins Inc. (CMI) is acquiring Meritor Inc.