Login

Quorum Health Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 15, 2020. Its latest SEC filing is a SC 13D/A from Jul 10, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Provides hospital and outpatient healthcare services to patients in rural and mid-sized U.S. markets, and hospital management advisory and consulting services to hospitals.

How Did They Make Money?

Patients generate revenue through inpatient and outpatient care at hospitals and affiliated facilities. QHR charges hospital clients fixed management-advisory fees under contracts and consulting fees based on each project's scope and timeline.

FY2019 revenue

Who Were Their Customers?

Patients receive inpatient and outpatient care through the hospitals and affiliated facilities. QHR serves hospitals not affiliated with Quorum’s hospital operations business.

Did Revenues Turn Into Profits?

No. It lost $163.9M in FY2019.

Operating income, FY2019
−2% of revenue
▼ −60% (Loss) vs FY2018 (−$71M, −4%)
Net income, FY2019
−10% of revenue
▼ −18% (Loss) vs FY2018 (−$200.2M, −11%)
Free cash flow, FY2019
−4% of revenue
▲ +1034% (Loss) vs FY2018 (−$6.4M, 0%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Mar 31, 2020
Revenue
▼ −22%
vs $442.8M in Q1 FY2019
Net income
▲ +105% (Loss)
vs −$39M in Q1 FY2019
  • Jul 7, 2020 Court confirmed the Chapter 11 reorganization plan The order approved the debtors’ prepackaged plan.
  • Jun 29, 2020 Court approved the prepackaged recapitalization plan The company said it would reduce debt by approximately $500 million upon emergence.

Shrank. Revenue fell 31% in 4 years, from $2.4B in FY2015 to $1.7B in FY2019, about 9% a year.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support