Quorum Health Corporation Discontinues Inpatient Operations at a Hospital in Illinois
12 Juin 2019 - 1:00PM
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 Quorum Health Corporation
Quorum Health Corporation is an operator of general acute care
hospitals and outpatient services in the United States. Through its
subsidiaries, the Company owns, leases or operates a diversified
portfolio of 26 affiliated hospitals in rural and mid-sized markets
located across 14 states with an aggregate of 2,458 licensed beds.
The Company also operates Quorum Health Resources, LLC, a leading
hospital management advisory and consulting services business. More
information about Quorum Health Corporation can be found at
www.quorumhealth.com.
Forward-Looking Statements
Statements contained in this news release regarding expected
divestitures or closures, including with respect to the anticipated
timing of the sale or closure, and other events are forward-looking
statements that involve risk and uncertainties. Actual future
events or results may differ materially from these statements.
Readers are referred to the documents filed by Quorum Health
Corporation with the Securities and Exchange Commission, including
the Company’s annual report on Form 10-K, current reports on Form
8-K and quarterly reports on Form 10-Q. These filings identify
important risk factors and other uncertainties that could cause
actual results to differ from those contained in the
forward-looking statements. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise.
The terms “QHC,” “Quorum Health,” “the
Company,” “we,” “us” or “our” refer to Quorum Health Corporation or
one or more of its subsidiaries or affiliates as applicable.
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Asher DewhurstWestwicke PartnersQuorumHealth@Westwicke.com /
(443) 213-0500
Quorum Health (NYSE:QHC)
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