Beckers Hospital Review: Quorum Health Sees Net Loss Double, Plans to Divest or Close Hospitals
Brentwood, Tenn.-based Quorum Health ended the first nine months of 2018 with a net loss, but the company aims to improve its financial position by restructuring its portfolio.
The 27-hospital system, a spinoff of Franklin, Tenn.-based Community Health Systems, said operating revenues decreased 8.8 percent year over year to $1.4 billion in the first nine months of 2018. The decline was largely attributable to Quorum operating fewer hospitals in the first nine months of this year than in the same period of 2017. The company has sold or closed 11 hospitals since its spinoff from CHS in April 2016.