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Trinity Health reports $431M FY operating loss - Vimarsana News

Trinity Health reports $431M FY operating loss

Trinity Health, one of the largest nonprofit health systems in the US, posted a $431.6 million operating loss on $21.6 billion in revenue for the full fiscal year.

Cleveland Clinic invests in $300M of bonds for expansion plans - Vimarsana News

Cleveland Clinic invests in $300M of bonds for expansion plans

Cleveland Clinic has invested $300 million in bonds for future expansion. The proceeds will be used to finance costs of acquiring, constructing and equipping facilities.

Hospital Sisters Health annual contract labor costs down 43% - Vimarsana News

Hospital Sisters Health annual contract labor costs down 43%

Hospital Sisters Health reduced contract labor costs by $56.2 million in the fiscal year ending June 30. The 17-hospital system reported an operating loss, however, as expenses overall rose.

Ascension outlook revised to negative - Vimarsana News

Ascension outlook revised to negative

Fitch Ratings revised the outlook of St. Louis-based Ascension Health to negative and affirmed $6.6 billion of bonds and default ratings at

CommonSpirit cuts 2,000 jobs - Vimarsana News

CommonSpirit cuts 2,000 jobs

Chicago-based CommonSpirit Health implemented workforce reductions resulting in about 2,000 job cuts in the fourth quarter of the fiscal year. The health system