AdaptHealth Set to Join S&P SmallCap 600
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.
- 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.
- 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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SOURCE S&P Dow Jones Indices
FAQ
When will AdaptHealth be added to the S&P SmallCap 600?
What company is being replaced in the S&P SmallCap 600 by AdaptHealth?
Which company is acquiring Meritor Inc.?
