Quorum Health Corporation Announces Closure of Hospital in Ohio
January 05 2018 - 8:30AM
Business Wire
Quorum Health Corporation (NYSE: QHC) today announced plans to
close Affinity Medical Center in Massillon, Ohio. Operations will
cease at 11:59 p.m. on February 4, 2018. Declining revenues, paired
with increasing provider compensation and a highly competitive
market, have led to financial losses each year for the last six
years.
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 31 hospitals in non-urban and mid-sized markets with
an aggregate of approximately 3,000 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 the planned
closure of Affinity Medical Center 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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version on businesswire.com: http://www.businesswire.com/news/home/20180105005137/en/
Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
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