Quorum Health (QHC) Posts Q1 Loss of $0.99/Share

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Quorum Health Corporation Announces First Quarter 2017 Operating Results

May 15, 2017 6:00 AM EDT

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Quorum Health Corporation (NYSE: QHC) (the Company) today announced its operating and financial results for the three months ended March 31, 2017.

Net operating revenues for the three months ended March 31, 2017 decreased $22.0 million to $527.6 million, compared to $549.6 million for the same period in 2016, a 4.0% decrease. The $22.0 million decrease was primarily attributable to a $12.8 million decrease in net operating revenues resulting from the two hospitals divested in December 2016 and an $11.0 million decrease resulting from the Companys inability to accrue in the 2017 period for the California Hospital Quality Assurance Fee (HQAF) program... More