Quorum Health Corporation Discontinues Inpatient Operations at a Hospital in Illinois
QUORUM HEALTH CORP (QHC)
Last quorum health corp earnings: 8/7 04:30 pm
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US:NYSE Investor Relations:
quorumhealth.com/investor-relations
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Source: Business Wire
BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Quorum Health Corporation (NYSE: QHC) today announced that MetroSouth Medical Center in Blue Island, Illinois filed an application with the Illinois Health Facilities and Service Review Board to discontinue hospital operations. The hospital continues to search for a new operator to offer health care services on the campus. If the Company is not able to divest the facility, it will discontinue all operations by the end of the fourth quarter of 2019. The Company’s decision to discontinue operations at the facility is a result of mounting financial losses due to decreasing patient volumes, increasing market saturation, and reduced reimbursement from government and commercial payors. MetroSouth Medical Center was among the eight facilities identified by the Company as being marketed for sale on its first quarter 2019 earnings conference call. About Quo
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