By Elias Schisgall
Cosmos Health's board of directors has authorized a $5 million stock buyback program.
The program, which expires at the end of the year, represents about half of the healthcare company's market capitalization as of Monday, Chief Executive Officer Greg Siokas said Tuesday.
"This share repurchase program reflects our confidence in the Company's operating fundamentals and growth prospects," Siokas said. "We believe our shares are trading at levels that do not reflect the strength of our operating momentum, asset base, and future growth trajectory."
Write to Elias Schisgall at elias.schisgall@wsj.com