Quorum Health Corporation, Community Health Systems Agree to Terminate Shared Service Centers Transition Services Agreement
QUORUM HEALTH CORP (QHC)
Last quorum health corp earnings: 8/7 04:30 pm
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Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Quorum Health Corporation (NYSE: QHC) and Community Health Systems, Inc. (“CHS”) today announced that they have reached an agreement to terminate the companies’ Shared Service Centers Transition Services Agreement (or “SSC TSA”) that includes business office services.The SSC TSA has been in place since Quorum Health’s spin-off in 2016. The companies have agreed to terminate the agreement by October 1, 2019.“This represents an important and logical next step for our company,” said Quorum Health’s CEO Bob Fish. “I’m appreciative of the hard work and collaboration occurring daily between our team and CHS to make these transitions as smooth as possible for both organizations.”Quorum Health announced earlier this year the selection of R1 RCM to provide end-to-end revenue cycle management services which will include services previously provided through the SSC TSA.About Quorum Health CorporationQuorum Health Corporation is an operator of general acute
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