Hospital Operator Quorum Health Is Facing Bankruptcy Amidst The COVID-19 Outbreak 2020/04/06 09:30:00 Zero Hedge
Hospital Operator Quorum Health Is Facing Bankruptcy Amidst The COVID-19 Outbreak Quorum Health, which operates 24 hospitals in 14 states, is preparing for bankruptcy at the worst possible time: the middle of a global pandemic . The "flood" of coronavirus patients that the hospitals have experienced have put pressure on an already precarious set of financials, leaving the the company little choice, according to Bloomberg . Quorum's executives are in the midst of negotiations with stakeholders on possible restructuring deals, but at the same time the company is preparing Chapter 11 plans. Earlier this week, the company delayed its annual report filing to focus on negotiations with its creditors. No official decision has been made. But the worst part is that Quorum's troubles could foreshadow what's coming for the American healthcare system . Even prior to the outbreak, hospitals in rural areas were "losing profitable elective procedures to outpatient facilities while still handling patients who lack good insurance." And now, hospitals are being forced to cancel optional and elective procedures to make capacity for coronavirus patients.
"No Hope": Canada's Nursing Homes Prepare For Mass Death 2020/04/05 13:15:00 Zero Hedge
"No Hope": Canada's Nursing Homes Prepare For Mass Death Nursing homes in Canada have been instructed by health officials to 'keep seniors comfortable' if they contract COVID-19 and not take them to the hospital due to their high mortality rate, according to Canada's Global News . " They’re treating it like a hospice, like there’s no hope like they have stage four brain cancer and they just have to keep them comfortable because there’s nothing they can do," said Tanya Bartley, whose grandmother died last month at Pinecrest Nursing Home in Bobcaygeon, Ontario - where 22 residents have died and 1/3 of the staff are in isolation due to coronavirus. "They don’t play god. Everybody is the same. I don’t care if it’s a two-year-old, a 10-year-old, a 20-year-old, middle-aged, elderly. I don’t care," Bartley added. One dementia-stricken resident, Edna Bowers, was one such coronavirus victim who was treated at the home and not transferred to the hospital. In a March 23 letter seen by Global News , Dr.
Novavax leads healthcare gainers; Genetic Technologies and InspireMD among losers 2019/05/14 15:01:19 Seeking Alpha
Quorum Health Corporation (QHC) CEO Bob Fish on Q1 2019 Results - Earnings Call Transcript 2019/05/11 18:21:13 Seeking Alpha