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Community Health Systems and Quorum Health move forward with hospital sales

By MATT BLOIS The Williamson County hospital chains Community Health Systems and Quorum Health are both moving forward with their plan to sell off hospitals. CHS completed the previously announced sale of two hospitals in Florida in late August. Quorum will move forward with a previously announced plan to sell a California hospitals. Community Health

By | 2019-09-03T12:32:50-05:00 September 3rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments

Quorum and Community Health Systems inching closer to a resolution on shareholder lawsuits

By MATT BLOIS The Williamson County hospital chains Quorum Health and Community Health Systems are inching closer to resolving several shareholder lawsuits related to Quorum’s 2016 spin-off from CHS. In July, Quorum settled a lawsuit filed against CHS and Quorum in Williamson County Court by the firm R2 Investments. The lawsuit alleged the companies underestimated

By | 2019-08-27T13:13:00-05:00 August 27th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: , |0 Comments

Quorum reports a $17M second quarter loss, will partner with MEDHOST on health records

By MATT BLOIS The Brentwood hospital chain Quorum Health lost about $17 million in the second quarter of 2019. During the same quarter last year Quorum reported a loss of $26.6 million. Operating revenues for the current hospital portfolio fell from $458.5 million in the second quarter of 2018 to $442.4 million during the same

By | 2019-08-08T13:13:00-05:00 August 8th, 2019|Categories: Business, BW-Healthcare, BW-Money|Tags: , |0 Comments

Quorum sells off a hospital in Texas

By MATT BLOIS The Franklin-based hospital management chain Quorum Health announced that it has sold a hospital in Texas. Quorum sold the 146-bed Scenic Mountain Medical Center in Big Springs, Texas for about $22 million. The company plans to use the proceeds to pay down debt. The company had already announced a definitive agreement to

By | 2019-04-15T22:57:00-05:00 April 16th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |Comments Off on Quorum sells off a hospital in Texas

Quorum Health reports a big loss and plans to slim hospital portfolio

By MATT BLOIS The Brentwood based hospital chain Quorum Health reported a multimillion dollar loss for 2018, but continues work to reduce costs and slim its hospital portfolio. On Tuesday, the company reported a net loss of $200 million in 2018, compared to a $114 million loss in 2017. In the last several months of

By | 2019-03-13T21:19:00-05:00 March 14th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |Comments Off on Quorum Health reports a big loss and plans to slim hospital portfolio