Butler Health System Operating Loss
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Butler Health System Repo…
(1 days ago) WEBThe Butler Health System’s continuing disclosure report for the third quarter of 2023 showed the system sustained an operating loss of $12.97 million. Over the same period a year ago, the system lost more than $1.6 million. Excela Health, the Westmoreland …
https://butlerradio.com/butler-health-system-reports-43-2-million-loss/
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Losses increase at combined Butler, Excela health systems
(3 days ago) WEBThe Butler Health System’s operating loss for the full year ended June 30 was $43.2 million, up from $22.7 million in the fiscal year ended June 30, 2022. Butler reported an …
https://www.bizjournals.com/pittsburgh/news/2023/11/29/butler-excela-health-independence.html
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Merged Excela, Butler health system is struggling …
(Just Now) WEBFor the six-month period ending Dec. 31, Butler Health System reported an operating loss of more than $23 million, according to a continuing disclosure report. the same …
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Excela-Butler health system sees further financial losses
(8 days ago) WEBThe health system’s financial loss total built upon previous shortcomings from the end of last year. For the six-month period ending Dec. 31, 2022, Butler Health System …
https://triblive.com/local/westmoreland/excela-butler-health-system-sees-further-financial-losses/
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Butler Health System losses widen to $43.2 million as of …
(Just Now) WEBButler Health System on Tuesday reported a yawning operating loss of $43.2 million for the year ending June 30 — nearly twice the $22.7 million
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Butler Health System Reports $43.2 Million Loss
(1 days ago) WEBThe losses are driven in part by higher labor costs, along with growing operating expenses. According to the BHS, their expenses were nearly $440 million, while income …
https://butlerradio.com/butler-health-system-reports-43-2-million-loss/
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Newly merged Butler Health reports operating, net losses in recent …
(4 days ago) WEBButler (Pa.) Health System, which merged with Greensburg, Pa.-based Excela Health Jan 1 to form a $1 billion revenue entity, reported an operating loss of $16.6 million in its …
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Fitch Downgrades Butler Health (PA) to 'BBB'; Maintains …
(9 days ago) WEBButler Health System had experienced operating margin compression and balance-sheet deterioration in recent years, including before the COVID-19 pandemic. For FY22, …
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Fitch Revises Rating Watch on Butler Health System (PA) to Negative
(2 days ago) WEBThrough the six months ended Dec. 31, 2022, the system's operating loss was $23.0 million (-10.2%), while operating EBITDA and EBITDA were both negative 3.8%. The …
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Fitch Places Butler Health System (PA) Revs on Rating Watch …
(3 days ago) WEBFitch Places Butler Health System (PA) Revs on Rating Watch Evolving. Thu 08 Sep, 2022 - 12:28 PM ET. For fiscal 2021 BHS's had an $11.2 million operating loss ( …
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Fitch Ratings downgrades Butler Health System
(6 days ago) WEBButler and Excela, although part of the same system, report their financials separately. Butler in late Nov. disclosed an operating loss for the fiscal year ended June 30 of …
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Butler Health System credit rating continues to slip downward
(2 days ago) WEBIn its statement, Fitch said that the one-notch downgrade and negative outlook reflect Butler Health System’s deepening operating deficit through fiscal year 2023 and a …
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Butler Health System’s Credit Rating Downgraded
(1 days ago) WEBThey also downgraded Butler Health System’s outlook to negative. Fitch says the reasons for the move was due to a deepening operating deficit combined with a weaker than …
https://butlerradio.com/butler-health-systems-credit-rating-downgraded/
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Q&A with Ken DeFurio, CEO of the new Independence Health …
(2 days ago) WEBSimultaneously, Butler Health System’s operating loss also widened in the nine months ended March 31, from $1.2 million in 2022 to $33.1 million in 2023. The Pittsburgh …
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Excela, Butler health systems announce merger, creating region's …
(4 days ago) WEBA recent disclosure report from Excela reflects that for the nine months ending March 31, the health system saw a $10.5 million operating loss margin compared with operating …
https://triblive.com/local/westmoreland/excela-heath-and-butler-health-system-announce-merger/
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UH operating losses again top $200M; but system says big …
(5 days ago) WEBMetroHealth System went from a positive operating income of $18.1 million in 2022 to the operating loss of $19.7 million in 2023, reported the hospital, which receives partial …
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Excela Health reports $36.2M loss for fiscal year ending June 30
(4 days ago) WEBWestmoreland County-based Excela Health, which merged with Butler Health System in January to form Independence Health, lost $36.2 million in the fiscal year ending June …
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