Quorum Health Corporation Receives Additional Outstanding Payments from Illinois
December 18 2017 - 9:00AM
Business Wire
Quorum Health Corporation (NYSE:QHC) announced further progress
in collecting amounts due hospitals in Illinois from the State of
Illinois. In addition to the $29 million disclosed in November
2017, the Company has received approximately $22 million of
additional payments. To date in the fourth quarter of 2017, the
Company has received a total of $51 million of the approximate $65
million in arrears from Illinois Medicaid and state employee
patients.
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 expected
operating results, acquisition transactions or divestitures 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/20171218005227/en/
Investors:Quorum Health CorporationMichael J. Culotta,
615-221-3502Executive Vice President and Chief Financial
Officer
Quorum Health (NYSE:QHC)
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