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Moody’s sees ‘rising refinancing risk’ at Quorum if plans don’t materialize

This story first appeared in our sister publication the Nashville Post. By Geert De Lombaerde Analysts at one of Wall Street’s biggest debt rating agencies say Quorum Health’s plan to generate millions from a new revenue cycle management contract are critical to avoiding a downgrade next year and have lowered their outlook for the hospital

By | 2019-09-30T12:07:45-05:00 September 30th, 2019|Categories: Business, BW-News|Tags: |0 Comments

A big Quorum investor is going active

By MATT BLOIS One of Quorum Health Corporation’s largest investors is going active. The New York investment firm York Capital Management Global Advisors — which manages about $20.5 billion — filed documents with the SEC indicating it would switch from a passive to an active investor. York Capital first invested in Quorum in the third

By | 2019-09-04T14:11:22-05:00 September 4th, 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 has lower admissions and revenues, hopes to cut costs further this year

By MATT BLOIS The Franklin based hospital chain Quorum Health Corporation had lower admissions and revenue during the first quarter of 2019 compared to the previous year. Executives from the company said the lower first quarter numbers were due in large part to cost cutting initiatives that started last year. The company plans to continue

By | 2019-05-13T14:05:15-05:00 May 13th, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |Comments Off on Quorum has lower admissions and revenues, hopes to cut costs further this year