Quorum Health (QHC) Reports Q4 Loss of $3.19/Share

Quorum Health (NYSE: QHC) reported Q4 EPS of ($3.19), versus ($0.02) reported last year. Revenue for the quarter came in at $515.2 million, versus $558.2 million reported last year.

• The financial results for the three months ended December 31, 2016 were significantly impacted by $41.5 million, or $1.40 per share, of impairment charges to long-lived assets and goodwill and a $22.8 million, or $0.77 per share, reduction in net operating revenues as a result of a change in estimate reducing the net realizable value of patient accounts receivable at December 31, 2016, which negatively impacted both contractual allowances and the provision for bad debts.

GUIDANCE:

Quorum Health sees FY2017 revenue of $2.05-2.1 billion.

For earnings history and earnings-related data on Quorum Health (QHC) click here.

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