~ PROMEDICA PROMEDICA HEALTHCARE OBLIGATED GROUP. Quarterly Financial Disclosure

Size: px
Start display at page:

Download "~ PROMEDICA PROMEDICA HEALTHCARE OBLIGATED GROUP. Quarterly Financial Disclosure"

Transcription

1 PROMEDICA HEALTHCARE OBLIGATED GROUP Quarterly Financial Disclosure Fourth Quarter 2014

2 ~ MANAGEMENT'S DISCUSSION OF RESULTS OF OPERATIONS Fourth Quarter- December 31, 2014 ' ' ' The following discussion and analysis of operations provides information that management believes is relevant to an assessment and understanding of the ProMedica Healthcare Obligated Group's results of operations and financial condition. The financial data relating to the Obligated Group, as defined in the Master Trust Indenture, is provided as supplementary information and is not intended to provide information in accordance with accounting principles generally accepted in the United States. This discussion should be read in conjunction with the Obligated Group financial statements for the twelve months ended December 31, Organizational Overview ProMedica Health System ("ProMedica") is the parent organization of an integrated health care delivery system that provides health care and related services in 27 counties in northwest and west central Ohio and southeast Michigan, with a Paramount Medicaid product that serves all of Ohio. The nonprofit and business organizations controlled directly or indirectly by ProMedica, own and operate 11 acute area hospitals, various integrated and continuing care providers, insurance companies and physician organizations. ProMedica also utilizes joint venture and other affiliation agreements to provide health care and related services. Several controlled foundations support the System as fundraising entities for the benefit of ProMedica hospitals and continuing care facilities and services. 2

3 Fourth Quarter- December 31, 2014 Only some of the nonprofit business organizations within ProMedica are members of the ProMedica Healthcare Obligated Group, ("Obligated Group") and are listed below: Corporation Acute Care The Toledo Hospital Toledo Children's Hospital Wildwood Orthopaedic and Spine Hospital Flower Hospital Defiance Regional Medical Center Bay Park Community Hospital Fostoria Community Hospital St. Luke's Hospital Emma L. Bixby Medical Center Herrick Medical Center TOTAL ACUTE CARE BEDS Long-Term Care/Assisted Living/Other Lake Park Nursing Care Center Goerlich Center for Alzheimer's Care Ebeid Hospice Caring Home Health Services Herrick Manor Provincial House of Adrian Charlotte Stephenson Manor TOTAL LONG-TERM CARE BEDS Licensed Beds 643( 1 ) 151( 1 ) (Z) 51 (J) 86( 4 ) 25(S) 315 (G) 101 (?) 35(S) 1, n/a Location Toledo, Ohio Toledo, Ohio Toledo, Ohio Sylvania, Ohio Defiance, Ohio Oregon, Ohio Fostoria, Ohio Maumee, Ohio Adrian, Michigan Tecumseh, Michigan Sylvania, Ohio Sylvania, Ohio Sylvania, Ohio Sylvania, Ohio Tecumseh, Michigan Adrian, Michigan Adrian, Michigan (1) Toledo Children's Hospital is a pediatric acute care hospital located within The Toledo Hosprtal. Includes 44 bassinets and 45 inpatient psychiatric beds (2) Includes 74 inpatient psychiatric beds, 45 physical rehab beds and 24 bassinets (3) Includes 25 critical access beds, 10 inpatient psychiatric beds and 16 bassinets (4) Includes 14 bassinets (5) Includes 25 critical access beds (6) Includes 17 bassinets (7) Includes 13 bassinets (8) Includes 25 critical access beds, 10 inpatient psychiatric beds Non-Obligated Group Entities and Activities In addition to the acute and continuing care providers that comprise the Obligated Group, ProMedica owns and operates an approximately 316,000 member health plan (ProMedica Insurance Corporation), a captive insurance corporation (ProMedica Indemnity Corporation), a physician corporation (ProMedica Physicians Group) which employed 397 physicians as of December 31, 2014, supporting foundations, several joint ventures and also Memorial Hospital, a 204 licensed bed facility located in Fremont, Ohio. For the twelve months ended December 31, 2014, total net operating revenue of these non-obligated Group entities was $1,153.9 million, representing approximately 43.8% of ProMedica's total net operating revenue. The current structure reflects the net financial performance of employed specialists in the financial statements of the hospitals, and therefore the Obligated Group. 3

4 Fourth Quarter - December 31, 2014 Significant Developments Leadership Changes and Other Information After a distinguished career spanning more than three decades, ProMedica Health System announced the retirement of Kathleen S. Hanley, Chief Financial Officer, on April22, Kathy began transitioning her role effective June 1, 2014 with plans to fully retire in Alan Sattler, FACHE, MBA, who most recently served as President of the ProMedica Health System Acute Care Division (overseeing Flower Hospital, Defiance Regional Medical Center, Emma L. Bixby Medical Center and Herrick Medical Center), succeeded Kathy as Chief Financial Officer. Alan has been with ProMedica for over 29 years and has extensive expertise in operations and finance, having served in senior leadership positions in both areas. Other key operational leadership changes are as follows: Kevin Webb, who most recently served as President, Acute Care Division (overseeing Toledoffoledo Children's Hospital, Wildwood Orthopaedic and Spine Hospital, Bay Park Community Hospital, Fostoria Community Hospital and St. Luke's Hospital), has been named Chief Acute Care Officer, with overall responsibilities for acute care facilities. Lee Hammerling, M.D., was recently named Chief Physician Executive/Chief Medical Officer. In this role Lee will have system-wide responsibilities for service lines, including orthopaedics, heart and vascular, surgery and oncology. Affiliation Updates St. Luke's (Please see previous filings for a detailed sequence of events regarding the joinder) On May 18, 2012, ProMedica Health System filed a petition with the Sixth Circuit Court of Appeals to set aside the order of the Federal Trade Commission ordering divestiture of St. Luke's Hospital. Oral arguments were held on March 7, On April 22, 2014, the Court of Appeals denied ProMedica's petition to overturn the FTC's ruling. ProMedica Health System subsequently filed a petition for rehearing on June 3, 2014; this request was rejected on July 24, On December 22, 2014, ProMedica filed an appeal with the United States Supreme Court; a decision is expected this spring on whether the Court will accept this appeal and hold oral arguments. During this appeal process, the FTC's final decision requiring ProMedica to divest St. Luke's Hospital is stayed, and St. Luke's Hospital continues to remain a member of ProMedica Health System. 4 ~ PROMEOICA

5 Fourth Quarter- December Significant Developments (Cont'd.) Affiliation Updates (Cont'd.) Mercy Memorial On January 1, 2015, ProMedica and Mercy Memorial Hospital System in Monroe, Michigan formally closed on a Joinder Agreement under which ProMedica became the sole corporate member of Mercy Memorial Hospital. Located in Monroe, Michigan (approximately 20 miles northeast of Toledo), Mercy Memorial Hospital is a 238 licensed bed facility that provides comprehensive inpatient and outpatient health care services to Monroe, Michigan and its neighboring communities. The joinder will help facilitate collaborative endeavors to better address critical health and social needs throughout the community. At this time, Mercy Memorial Hospital is not a member of the Obligated Group and has no obligation with respect to the Bonds or under the Master Indenture. 5

6 Fourth Quarter- December 31, 2014 Operating Income and Operating Cash Flow The total operating revenue for the Obligated Group was $1,482.7 million for the twelve months ending December 31, 2014, an increase of $61.8 million or 4.4% over the same period in The increase in revenue was due to volume increases in medical, surgical, pediatrics and psychiatric. Also contributing to the growth in operating revenue were increased outpatient procedures and home care admissions. Long-term care patient/resident days declined in 2014 as the Lake Park nursing care facility continues to ramp down to a minimum number of patients during transition to a new skilled nursing facility scheduled to open in The state-of-the-art facility will have 120 beds and provide medically complex and intensive rehabilitation services for short-term patients transitioning from hospital to home. The facility will be built on ProMedica Flower Hospital's campus. Net Revenue (in millions) $1,500.0 $1,200.0 $900.0 $600.0 $300.0 $- Dl2/31/ /31/2013 6

7 Fourth Quarter- December 31, 2014 Operating Income and Operating Cash Flow (Cont'd.) ProMedica contracts with all major payers and no one payer represents more than 9% of the revenue base. Paramount has increased Medicaid lives in 2014 by over 50% due to continuation of our statewide expansion and the added eligibility of Medicaid members from adoption of the Affordable Care Act in Ohio. Paramount has more extensive plan offerings in 2015 for the individual health insurance marketplace and enrollment in this plan grew by 1,600 lives after open enrollment. The Medicare Advantage product has been approved for a service area expansion in 2015 and will be offered in 14 counties in Ohio and 2 in Michigan which supports the areas where ProMedica has facilities. Enrollment increased in this product after the open enrollment period. Commercial business remains steady in our Ohio marketplace but has declined in Michigan. Managed Care 24% Blue Cross 11% Self Pay, 2% Medicare, 45% Medicaid, 18% December 31, 2014 Note: Medicare and Medicaid HMOs are included within Medicare and Medicaid. "Blue Cross" includes both Anthem BCBS (9%) and BCBS of Michigan (2%). These payers are contracted separately. Charity care for the twelve months ended December 31, 2014 decreased from the prior year comparable period, from 2.64% to 1.54% of gross revenue. Bad debt decreased from 1.75% to 1.31% of gross revenue over the prior year comparable period. Key drivers for the decline in both charity care and bad debt were more patient access to insurance coverage through Ohio Medicaid expansion and the Patient Protection and Affordable Care Act (PPACA). 7

8 Fourth Quarter- December 31, 2014 Operating Income and Operating Cash Flow (Cont'd.) Total operating expenses for the twelve months ended December 31, 2014 increased by $35.8 million or 2.6% over the same period in Increased expenses were associated with the employed physicians, increased volumes and a one-time pension settlement expense of $11.1 million largely due to employees taking advantage of an Early Retirement Incentive (ERI) program. Offsetting the increase in expenses were reductions in staff due to the ERI program and reduced medical management fee payments. Profitability {OOO's omitted) $175,000 $150,000 $125,000 $100,000 $75,000 $50,000 $25,000 $- Operating Income a 12/31/ Operating Cash Flow 12/31/2013 Operating income for the twelve months ended December 31, 2014 was $67.0 million compared to $41.0 million for the prior year comparable period with an operating margin of 4.5% compared to 2.9% for the prior year comparable period. Operating cash flow was 10.9% or $161.2 million compared to 9.3% or $132.0 million for the twelve months ending December 31,

9 Fourth Quarter - December 31, 2014 Balance Sheet and Cash Position Unrestricted cash and investments were $1.4 billion as of December 31, 2014, which represented days cash on hand as of December 31, 2014, compared to days cash on hand as of December 31, The decrease in days cash on hand were related to various capital and strategic initiatives. Approximately $119 million of investments have liquidity provisions that may restrict their ability to be liquidated in 30 days or less. ProMedica maintains a highly diversified investment portfolio through its pooled investment program and utilizes an independent investment advisor to assist with the asset allocation, performance and compliance monitoring and manager selection. Investment income for the twelve months ended December 31, 2014 was a gain of $47.3 million, reflecting ($41.9) million of unrealized losses (including ($9.3) million of loss on interest rate swaps). Days Cash on Hand , j J I F ( 12/31/ /31/ ~ PROME:DICA

10 Fourth Quarter- December 31, 2014 Balance Sheet and Cash Position (Cont'd.) As of December 31, 2014, the Obligated Group had $90.7 million recorded as contingent current portion of long-term debt. This amount represents the outstanding variable rate demand bonds and direct bank notes that have a contractual maturity in excess of one year, but due to terms within the applicable agreement, are recorded as contingent current in accordance with generally accepted accounting principles Cash to Debt Ratios (x} Cash to Demand Debt Cash to Total Debt 12131/ /31/2013 Unrestricted net assets as of December 31, 2014 increased by $76.6 million to $1,688.8 million, compared to $1,612.2 million as of December 31, 2013 primarily due to cash flow from operations and gains in the investment markets. Total debt outstanding was $523.8 million, or 24% of capitalization. 10

11 ~-- ~ f. MANAGEMENT'S DISCUSSION OF RESULTS OF OPERATIONS : Fourth Quarter- December 31, 2014 ' Calendar Year Acute Discharges 65,241 62,198 Newborn Discharges 7,354 7,159 Outpatient Surgeries 40,778 36,938 Emergency Room Visits 305, ,606 ALOS -Acute %of Staffed Beds (Acute Care) 58% 59% Home Health Admissions 11,943 10,914 Home Care Visits 179, ,517 LTC Patient/Resident Days 116, ,336 Inpatient Hospice Days 3,465 3, ,456 7,505 30, , % 9, , ,508 2,939 Obligated Group Acute Care Hospital Revenue Sources Medicare< 1 > Medicaid' 1 > Blue Cross Managed Care Self Pay Totals Calendar Year % 45.0% 18.0% 15.4% 11.1% 10.6% 24.4% 25.4% 1.8% 3.6% 100.0% 100.0% % 15.7% 10.7% 26.0% 3.5% 100.0% < 1 > Includes Medicare and Medicaid HMOs. 11

12 PROMEDICA HEALTHCARE OBLIGATED GROUP Unaudited Statement of Operations December 31, 2014 & 2013 (In thousands of dollars) Unrestricted revenues, gains, and other support: December 31 December Net patient service revenue $ 1,515,531 $ 1,463,967 Provision for bad debt ~78, 359~ ~95,181) Net patient service revenue less bad debts 1,437,172 1,368,786 Net assets released 8,099 7,553 Other 37,450 44,544 Expenses: Total revenues, gains, and other support 1,482,721 1,420,883 Salaries, wages, and employee benefits 552, ,274 Food and drugs 109, ,645 Medical Expense Contracted fees 123, ,318 Supplies 191, ,340 Insurance 11,814 12,503 Utilities 17,203 15,215 Depreciation and amortization 70,356 69,172 Interest 23,844 21,906 Other 316, ,559 Total expenses 1,415,732 1,379,932 Operating income (loss) 66,989 40,951 Other income: Investment Income 89,248 60,333 Net unrealized gains (losses) (32,581) 114,811 Change in fair value of interest rate swap (9,335) 10,219 Other 3,202 1,841 Excess {deficiency) of revenues over expenses 117, ,155 Contributions and other Net assets released from restrictions 9,174 2,262 Transfers (to) from affiliated entities (50,1 05) (56,399) Other non-operating income 23,007 Increase (decrease) in unrestricted net assets $ 76,592 $ 197,025

13 PROMEDICA HEAL THCARE OBLIGATED GROUP Unaudited Balance Sheet (in thousands of dollars) ASSETS December December CURRENT ASSETS Cash and cash equivalents Marketable securities Accounts receivable, net Assets limited as to use or restricted Inventories Securities lending collateral Other current assets TOTAL CURRENT ASSETS ASSETS WHOSE USE IS LIMITED Restricted funds Bond indenture agreement funds Internally designated for capital acquisition Other segregated investments TOTAL ASSETS WHOSE USE IS LIMITED Property, plant and equipment, net OTHER ASSETS Deferred bond issuance costs, net Goodwill Other intangible assets Investments in affiliated companies Other assets TOTAL OTHER ASSETS TOTAL ASSETS $57,305 31, , ,968 44, ,226 2, ,347,347 12,743 1,362, ,507 4,496 11, , ,854 $2,508,381 $76,926 38, , ,806 41, ,783 1,441 13,752 1,321,777 16,565 1,353, ,769 4,881 11, , ,198 $2,457,285 LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable and accrued liabilities Accrued compensation and benefits Current installments of long-term debt Contingent current installments of long-term debt Estimated third-party payor settlements Professional liability and workers' compensation Accrued post retirement health care benefits Other TOTAL CURRENT LIABILITIES OTHER LIABILITIES Accrued professional liabilities and workers' compensation, less current portion Deferred compensation Pension Accrued post retirement health care benefits, less current portion Other TOTAL OTHER LIABILITIES Long-term debt, net of current installments TOTAL LIABILITIES NET ASSETS Unrestricted Temporarily restricted Permanently restricted TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS $125,138 53,500 10,880 90,655 53, , ,137 15,179 2,451 33,907 60, , ,901 1,688,788 2, ,691,480 $2,508,381 $139,569 53,097 11,708 95,890 50, ,063 5,547 9,885 23,207 2,524 22,645 63, , ,648 1,612,196 1, ,613,637 $2,457,285

14 PROMEDICA HEAL THCARE OBLIGATED GROUP Unaudited Statement of Changes in Net Assets for the twelve months ended December 31, 2014 (in thousands of dollars) Unrestricted Temporarily Restricted Permanently Restricted Total NET ASSETS AS OF DECEMBER 31, 2013 Excess of revenues over expenses Investment Income Restricted contributions Transfers (to) from affiliated entities Other non-operating revenue Net assets released from restrictions $ 1,612,196 $ 1, , ,407 (50, 105) 1,392 9,174 (3,573) $ $ 1,61 3, , ,407 (48,713) 5,601 Increase (decrease) in net assets 76,592 1,251 77,843 NET ASSETS AS OF DECEMBER 31, 2014 $ 1,688,788 $ 2,692 $ $ 1,691,480

15 PROMEDICA HEALTHCARE OBLIGATED GROUP Unaudited Consolidated Statements of Cash Flows- Obligated Group For the Period Ended December 31, 2014 (in thousands of dollars) Cash flows from operating activities Increase (decrease) in net assets Adjustments to reconcile increase (decrease) in net assets to net cash provided by operating activities Depreciation and amortization Provision for bad debts Net assets released from restrictions Change in net unrealized (gains) losses on investments Realized (gains) losses on investments (Increase) decrease in: Accounts receivable Supplies and other current assets Other assets Increase (decrease) in: Accounts payable and accrued liabilities Estimated third-party payor settlements Net cash provided (used) by operating activities Cash flows from investing activities Acquisition of property and equipment, net of disposals Less amounts released from restrictions Cash outflows for property and equipment (Increase) decrease in : Marketable securities and total assets limited as to use Net cash provided (used) by investing activities Cash flows from financing activities Proceeds of issuance of long term debt Repayment of long term debt Contributions and other Net cash provided (used) by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Year to Date Decernber31,2014 $77,843 70,356 78,359 (9, 174) 32,581 (67,069) (99,928) (2,699) (117) (17,514) ,0 12 (1 14,633) (105,459) (73,026) (12,607) (12,607) (19,621) $ Year to Date December 31, 2013 $197,427 69,172 95,181 (2,262) (114,811) (42,729) (106,493) 22,194 (700) (31,349) (1,787) 83,843 (97,736) (95,474) (30,772) (13,313) (13,313) 39, $76 926

~ PROMEDICA PROMEDICA HEALTHCARE OBLIGATED GROUP. Quarterly Financial Disclosure

~ PROMEDICA PROMEDICA HEALTHCARE OBLIGATED GROUP. Quarterly Financial Disclosure PROMEDICA HEALTHCARE OBLIGATED GROUP Quarterly Financial Disclosure Third Quarter 2015 The following discussion and analysis of operations provides information that management believes is relevant to an

More information

McLEOD HEALTH FINANCIAL INFORMATION FOR CONSOLIDATED & OBLIGATED GROUP FOURTH QUARTER REPORT TWELVE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011

McLEOD HEALTH FINANCIAL INFORMATION FOR CONSOLIDATED & OBLIGATED GROUP FOURTH QUARTER REPORT TWELVE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 McLEOD HEALTH FINANCIAL INFORMATION FOR CONSOLIDATED & OBLIGATED GROUP FOURTH QUARTER REPORT TWELVE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011 Note: These unaudited financial statements have been prepared

More information

MANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE

MANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE MANAGEMENT S DISCUSSION OF FINANCIAL AND OPERATING PERFORMANCE Utilization Trends The Corporation has experienced an increase in utilization from the end of 2015 through fiscal year 2017. Occupancy of

More information

ProMedica Healthcare Obligated Group

ProMedica Healthcare Obligated Group ProMedica Healthcare Obligated Group Combined Financial Statements as of and for the Years Ended December 31,2012 and 2011, Combined Supplemental Schedules as of and for the Year Ended December 31, 2012,

More information

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF AND FOR THE THREE MONTHS AND YEARS

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF AND FOR THE THREE MONTHS AND YEARS CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF AND FOR THE THREE MONTHS AND YEARS ENDED DECEMBER 31, 2012 AND 2011 TABLE OF CONTENTS Management

More information

MultiCare Health System Year End 2012 Results December 31, 2012

MultiCare Health System Year End 2012 Results December 31, 2012 MultiCare Health System Year End 2012 Results December 31, 2012 MultiCare Health System (MHS), a Washington nonprofit corporation, is an integrated healthcare delivery system providing inpatient, outpatient,

More information

LAHEY HEALTH SYSTEM F i n a n c i a l S t a t e m e n t D i s c u s s i o n a n d A n a l y s i s. For the Six Months Ended March 31, 2017

LAHEY HEALTH SYSTEM F i n a n c i a l S t a t e m e n t D i s c u s s i o n a n d A n a l y s i s. For the Six Months Ended March 31, 2017 LAHEY HEALTH SYSTEM F i n a n c i a l S t a t e m e n t D i s c u s s i o n a n d A n a l y s i s For the Six Months Ended March 31, 2017 Introduction The attached combined financial statements of Lahey

More information

Upstate Affiliate Organization (d/b/a Greenville Health System) and Subsidiaries

Upstate Affiliate Organization (d/b/a Greenville Health System) and Subsidiaries Upstate Affiliate Organization (d/b/a Greenville Health System) and Subsidiaries Consolidated Financial Statements As of December 31, 2017 and for the Three Months Ended December 31, 2017 and 2016 (UNAUDITED)

More information

Owensboro Health 4th Quarter (March May 2016) FY Ending May 31, 2016

Owensboro Health 4th Quarter (March May 2016) FY Ending May 31, 2016 Owensboro Health 4th Quarter (March May 2016) FY Ending May 31, 2016 Table of Contents Officer s Certificate of Compliance. 3 Management Discussion and Analysis.. 4 Utilization Statistics and Financial

More information

QUARTERLY REPORT ORLANDO HEALTH, INC. Quarter Ended December 31, 2018

QUARTERLY REPORT ORLANDO HEALTH, INC. Quarter Ended December 31, 2018 QUARTERLY REPORT ORLANDO HEALTH, INC. Quarter Ended Filed by: Address: 1414 Kuhl Avenue Orlando, FL 32806 Contact: John Miller, Vice President, Finance Contents Interim Consolidated Financial Statements

More information

For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure. For the Period Ended March 31, 2018 Unaudited Quarterly Disclosure

For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure. For the Period Ended March 31, 2018 Unaudited Quarterly Disclosure For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure For the Period Ended March 31, 2018 Unaudited Quarterly Disclosure Quarterly Disclosure Report for March 31, 2018 The following discussion

More information

FINANCIAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED

FINANCIAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED FINANCIAL REPORT (UNAUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2018 ATRIUM HEALTH FINANCIAL REPORT FOR THE SIX MONTHS ENDED JUNE 30, 2018 INDEX Page Financial Highlights 1-3 Comparative Balance Sheet 4

More information

Aurora Health Care, Inc. and Affiliates. Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2016

Aurora Health Care, Inc. and Affiliates. Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2016 Aurora Health Care, Inc. and Affiliates Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2016 Document Dated as of May 27, 2016 AURORA HEALTH CARE, INC.

More information

Strategic Coordinating Organization and Subsidiaries

Strategic Coordinating Organization and Subsidiaries Strategic Coordinating Organization and Subsidiaries Consolidated Financial Statements As of December 31, 2016 and for the Three Months Ended December 31, 2016 (UNAUDITED) TABLE OF CONTENTS Page CONSOLIDATED

More information

CENTEGRA HEALTH SYSTEM AND AFFILIATES CONSOLIDATING STATEMENT OF REVENUE AND EXPENSES FOR THE TWELVE MONTHS ENDED JUNE 30, 2017 Unaudited

CENTEGRA HEALTH SYSTEM AND AFFILIATES CONSOLIDATING STATEMENT OF REVENUE AND EXPENSES FOR THE TWELVE MONTHS ENDED JUNE 30, 2017 Unaudited CONSOLIDATING STATEMENT OF REVENUE AND EXPENSES FOR THE TWELVE MONTHS ENDED JUNE 30, 2017 HOSPITAL THE CENTEGRA HEALTH BRIDGE CLINICAL CHWN GROUP FOUNDATION NIMED COMBINED LAB CMS CPC COMBINED CIS ELIMINATIONS

More information

SUMMA HEALTH SYSTEM OBLIGATED GROUP CONTINUING DISCLOSURE FOR THE THREE MONTHS ENDED MARCH 31, 2012

SUMMA HEALTH SYSTEM OBLIGATED GROUP CONTINUING DISCLOSURE FOR THE THREE MONTHS ENDED MARCH 31, 2012 SUMMA HEALTH SYSTEM OBLIGATED GROUP CONTINUING DISCLOSURE FOR THE THREE MONTHS ENDED MARCH 31, 2012 MANAGEMENT S DISCUSSION AND ANALYSIS OF THE RESULTS OF OPERATIONS AND FINANCIAL POSITION SUMMA HEALTH

More information

Aurora Health Care, Inc. and Affiliates. Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2017

Aurora Health Care, Inc. and Affiliates. Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2017 Aurora Health Care, Inc. and Affiliates Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2017 Document Dated as of May 25, 2017 AURORA HEALTH CARE, INC.

More information

For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure. For the Period Ended June 30, 2018 Unaudited Quarterly Disclosure

For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure. For the Period Ended June 30, 2018 Unaudited Quarterly Disclosure For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure For the Period Ended June 30, 2018 Unaudited Quarterly Disclosure Quarterly Disclosure Report for June 30, 2018 The following discussion

More information

Northwell Health, Inc. Consolidated Financial Statements and Supplementary Information For the Six Months Ended June 30, 2016 and 2015

Northwell Health, Inc. Consolidated Financial Statements and Supplementary Information For the Six Months Ended June 30, 2016 and 2015 Consolidated Financial Statements and Supplementary Information For the Six Months Ended June 30, 2016 and 2015 Contents Page Consolidated Financial Statements: Consolidated Statements of Financial Position

More information

Conway Hospital, Inc., SC

Conway Hospital, Inc., SC Conway Hospital, Inc., SC 1 South Carolina Jobs Economic Development Authority, Hospital Revenue Bonds (Conway Hospital, Inc.), Series 2016, $48,405,000, Dated: December 20, 2016 2 South Carolina Jobs

More information

Combining Statement of Financial Position - Obligated Group Only 6. Combining Statement of Operations - Obligated Group Only 8

Combining Statement of Financial Position - Obligated Group Only 6. Combining Statement of Operations - Obligated Group Only 8 Consolidated Financial Statements and Supplementary Information For the Six Months Ended June 30, 2015 and 2014 Contents Page Consolidated Statements of Financial Position 1 Consolidated Statements of

More information

The Guthrie Clinic Financial Highlights for the Three and Six Months Ended December 31, 2017

The Guthrie Clinic Financial Highlights for the Three and Six Months Ended December 31, 2017 Financial Highlights for the Three and Six Months Ended December 31, 2017 I. Introduction In accordance with the provisions of the Master Indenture relating to the 2011 and 2007 Guthrie Health Bonds, enclosed

More information

I N T E R I M U N A U D I T E D F I N A N C I A L S T A T E M E N T S F OR T HE P E R I O D E N D E D D E C E M B E R 3 1, 2014

I N T E R I M U N A U D I T E D F I N A N C I A L S T A T E M E N T S F OR T HE P E R I O D E N D E D D E C E M B E R 3 1, 2014 I N T E R I M U N A U D I T E D F I N A N C I A L S T A T E M E N T S A N D O T H E R I N F O R M A T I O N F OR T HE P E R I O D E N D E D D E C E M B E R 3 1, 2014 Southwest General Health Center Table

More information

DEBT SERVICE COVERAGE (1) (dollars in thousands)

DEBT SERVICE COVERAGE (1) (dollars in thousands) HISTORICAL COVERAGE OF PRO FORMA DEBT SERVICE The following table presents, for the fiscal years ended September 30, 2012, 2013 and 2014, the System s income available to pay debt service on the indebtedness

More information

Corrective June 30, 2017 Audited Financial Statements Filing

Corrective June 30, 2017 Audited Financial Statements Filing Corrective June 30, 2017 Audited Financial Statements Filing This filing is being made to correct a typographical error in the audited Consolidated Financial Statements and Supplementary Information for

More information

For The Period. The Cleveland

For The Period. The Cleveland Interim Unaudited Consolidated Financial Statements and Other Information For The Period Ended June 30, 2013 The Cleveland Clinic Foundation d.b. a. Cleveland Clinic Health System INTERIM UNAUDITED CONSOLIDATED

More information

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2016

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2016 Financial Report September 30, 2016 Contents Independent Auditor s Report 1 2 Management s Discussion and Analysis (Unaudited) 3 10 Financial Statements: Statement of Net Position 11 12 Statement of Revenues,

More information

Quarterly Report As of December 31, 2018 and for the three and six months ended December 31, 2018

Quarterly Report As of December 31, 2018 and for the three and six months ended December 31, 2018 Quarterly Report As of December 31, 2018 and for the three and six months ended December 31, 2018 Table of Contents Part I: Overview... 1 Part II: Leadership Changes... 1 Part III: Strategic Acquisitions...

More information

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2018

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2018 Financial Report September 30, 2018 Contents Independent Auditor s Report 1 2 Management s Discussion and Analysis (Unaudited) 3 10 Financial Statements: Statement of Net Position 11 12 Statement of Revenues,

More information

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2017

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2017 Financial Report September 30, 2017 Contents Independent Auditor s Report 1 2 Management s Discussion and Analysis (Unaudited) 3 10 Financial Statements: Statement of Net Position 11 12 Statement of Revenues,

More information

Atrium Health System and Subsidiaries. Consolidated Balance Sheet (Unaudited)

Atrium Health System and Subsidiaries. Consolidated Balance Sheet (Unaudited) Consolidated Balance Sheet At June 30, At December 31, Assets Current assets: Cash and short-term investments $ 12,364 $ 11,242 Accounts receivable, net of allowances 33,702 30,213 Inventories 2,231 1,991

More information

Quarterly Report. Information Concerning Catholic Health Initiatives and. Reporting Group

Quarterly Report. Information Concerning Catholic Health Initiatives and. Reporting Group Quarterly Report As of December 31, 2014 and for the three and six month periods ended December 31, 2014 and 2013 Information Concerning Catholic Health Initiatives and the CHI Reporting Group This document

More information

OhioHealth Corporation

OhioHealth Corporation OhioHealth Corporation Financial Results for the Quarter Ended March 31, 2015 Unaudited Management's Discussion and Analysis of Financial Condition and Recent Financial Performance For the quarter ended

More information

CAMC Health System, Inc. and Subsidiaries

CAMC Health System, Inc. and Subsidiaries CAMC Health System, Inc. and Subsidiaries Consolidated Financial Statements and Other Financial Information as of and for the Years Ended December 31, 2016 and 2015, and Independent Auditors Report CAMC

More information

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES FOR THE YEARS ENDED DECEMBER 31, 2017 AND

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES FOR THE YEARS ENDED DECEMBER 31, 2017 AND CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 TABLE OF CONTENTS Management s Discussion of Financial

More information

FINANCIAL AND STATISTICAL REPORT June 30, 2017 (UNAUDITED)

FINANCIAL AND STATISTICAL REPORT June 30, 2017 (UNAUDITED) FINANCIAL AND STATISTICAL REPORT June 30, 2017 (UNAUDITED) PAGE 1. Combined Statements of Revenues and Expenses for the three months ended June 30, 2017 and 2016 2. Combined Statements of Revenues and

More information

DUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES

DUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES Consolidated Financial Statements December 31, 2017 and 2016 (Unaudited) Prepared by: Duke University Health System Finance Print Date: January 17, 2018 Consolidated Balance Sheets (Unaudited) December

More information

SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT

SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT FINANCIAL STATEMENTS (UNAUDITED) AS OF, AND FOR THE THREE MONTHS ENDED DECEMBER 31, 2008 MANAGEMENT S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED DECEMBER 31, 2008 For the three months ended December

More information

For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure. For the Period Ended March 31, 2016 Unaudited Quarterly Disclosure

For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure. For the Period Ended March 31, 2016 Unaudited Quarterly Disclosure For the Period Ended December 31, 2015 Unaudited Quarterly Disclosure For the Period Ended March 31, 2016 Unaudited Quarterly Disclosure Quarterly Disclosure Report for March 31, 2016 Bond Cusips The following

More information

MAIN LINE HEALTH SYSTEM CONTINUING DISCLOSURE DOCUMENT APPENDIX A 9/29/16

MAIN LINE HEALTH SYSTEM CONTINUING DISCLOSURE DOCUMENT APPENDIX A 9/29/16 MAIN LINE HEALTH SYSTEM CONTINUING DISCLOSURE DOCUMENT APPENDIX A Medical Staff As of June 30, 2016, the Main Line Health System s ( MLHS ) active medical staff for Main Line Health ( MLH ) hospitals consisted

More information

Robinson Memorial Portage County Hospital and Affiliates. Financial Report December 31, 2012

Robinson Memorial Portage County Hospital and Affiliates. Financial Report December 31, 2012 Robinson Memorial Portage County Hospital Financial Report December 31, 2012 Contents Report Letter 1-3 Management s Discussion and Analysis 4-15 Financial Statements Statement of Financial Position 16

More information

cfp Premier Health May 14,2015

cfp Premier Health May 14,2015 cfp Premier Health Prem ier Health Center 110 N. Main St. Dayton, Oh io 45402 prem ierhealt h.co m May 14,2015 Enclosed are the unaudited Consolidated Financial Statements for MedAmerica Health Systems

More information

Aurora Health Care, Inc. and Affiliates. Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2018

Aurora Health Care, Inc. and Affiliates. Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2018 Aurora Health Care, Inc. and Affiliates Unaudited Consolidated Financial Statements and Other Information For the Period Ended March 31, 2018 Document Dated as of May 30, 2018 AURORA HEALTH CARE, INC.

More information

Balance Sheet Benefis Health System For month Ended September

Balance Sheet Benefis Health System For month Ended September Montana Facility Finance Authority Hospital Revenue Series 2007 Bonds - $125 Million Benefis Health System Continuing Disclosure Quarterly Report (Quarter ended 9/30/2009) The accompanying unaudited balance

More information

DUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES

DUKE UNIVERSITY HEALTH SYSTEM, INC. AND AFFILIATES Consolidated Financial Statements March 31, 2018 and 2017 (Unaudited) Prepared by: Duke University Health System Finance Print Date: April 24, 2018 Consolidated Balance Sheets (Unaudited) March 31, 2018

More information

G Prime Healthcare Foundation

G Prime Healthcare Foundation G Prime Healthcare Foundation Date: February 14, 2018 RE : Officers Certificate for Prime Healthcare Foundation, Inc., Relating to the 2017 4th Quarter Report Issues Including: Public Finance Authority,

More information

I LJ~LEY MEDICAL CENTER

I LJ~LEY MEDICAL CENTER I LJ~LEY MEDICAL CENTER Consolidated Financial Statement For the Nine Months Ended March 31, 2017 Hurley Medical Center Nine Month Period Ended March 31, 2017 Management Discussion and Analysis For the

More information

NORTHWESTERN MEMORIAL HOSPITAL AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORT CERTIFICATION

NORTHWESTERN MEMORIAL HOSPITAL AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORT CERTIFICATION NORTHWESTERN MEMORIAL HOSPITAL AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORT CERTIFICATION Pursuant to Section 3 of the Disclosure Dissemination Agreement dated as of March 1, 2009, between Northwestern

More information

Banner Health Management s Discussion and Analysis of Results of Operations and Financial Position

Banner Health Management s Discussion and Analysis of Results of Operations and Financial Position Banner Health Management s Discussion and Analysis of Results of Operations and Financial Position The preparation of financial statements in conformity with accounting principles generally accepted in

More information

Annual Report For the Fiscal Year Ended June 30, Concerning. WellSpan Health

Annual Report For the Fiscal Year Ended June 30, Concerning. WellSpan Health Document dated November 22, 2016 The following represents Management s discussion of financial and statistical information. It is intended to support certain other reports, included here, or available

More information

GREAT RIVER MEDICAL CENTER, GRMC FOUNDATION AND GREAT RIVER FOUNDATION, INC. COMBINED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2011 AND 2010

GREAT RIVER MEDICAL CENTER, GRMC FOUNDATION AND GREAT RIVER FOUNDATION, INC. COMBINED FINANCIAL STATEMENTS YEARS ENDED JUNE 30, 2011 AND 2010 GREAT RIVER MEDICAL CENTER, GRMC FOUNDATION AND COMBINED FINANCIAL STATEMENTS YEARS ENDED TABLE OF CONTENTS YEARS ENDED INDEPENDENT AUDITORS' REPORT 1 COMBINED FINANCIAL STATEMENTS COMBINED BALANCE SHEETS

More information

Financial Operating Summary for the Quarter Ending Sept. 30, 2017

Financial Operating Summary for the Quarter Ending Sept. 30, 2017 Financial Operating Summary for the Quarter Ending Sept. 30, 2017 Summary of the financial operations for the quarter ending September 30, 2017 reported an overall operating loss of $3,099,930. This decrease

More information

GENESIS HEALTHCARE SYSTEM

GENESIS HEALTHCARE SYSTEM GENESIS HEALTHCARE SYSTEM Quarterly Financial Disclosure Statement As of and for the Six Months Ended June 30, 2013 PLEASE NOTE THAT THIS DOCUMENT INCLUDES MANAGEMENT S DISCUSSION AND ANALSYIS, AS WELL

More information

Annual Report For the Fiscal Year Ended June 30, Concerning. WellSpan Health

Annual Report For the Fiscal Year Ended June 30, Concerning. WellSpan Health Document dated November 27, 2017 The following represents Management s discussion of financial and statistical information. It is intended to support certain other reports, included here, or available

More information

Northwell Health, Inc.

Northwell Health, Inc. Northwell Health, Inc. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL PERFORMANCE FOR THE THREE MONTHS ENDED MARCH 31, 2016 and 2015 Management s Discussion and Analysis of Recent Financial Performance

More information

Interfaith Medical Center

Interfaith Medical Center Interfaith Medical Center Financial Statements For the Twelve Months Ended December 31, 2011 (DRAFT) TABLE OF CONTENTS Page Statement of Financial Position 1 Statement of Operations 2 Statement of Changes

More information

First Quarter Fiscal Year Financial Report (Unaudited Statements)

First Quarter Fiscal Year Financial Report (Unaudited Statements) Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable First Quarter Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery

More information

September 30, 2018 Fiscal Year Financial Report (Unaudited Statements)

September 30, 2018 Fiscal Year Financial Report (Unaudited Statements) Bond Long Term Rating Standard and Poor s AA-/Stable FITCH Investors Service AA/Stable September 30, 2018 Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery

More information

^asasssss-- MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS. Release Date. H'

^asasssss-- MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS. Release Date. H' MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS Hospital Service District No. 1 of the Parish of Tangipahoa, State of Louisiana Years Ended June 30, 2006 and 2005 ^asasssss-- Release

More information

Quarterly Report As of March 31, 2015 and for the three and nine month periods ended March 31, 2015 and 2014

Quarterly Report As of March 31, 2015 and for the three and nine month periods ended March 31, 2015 and 2014 Quarterly Report As of March 31, 2015 and for the three and nine month periods ended March 31, 2015 and 2014 Information Concerning Catholic Health Initiatives and the CHI Reporting Group Table of Contents

More information

PUBLIC HOSPITAL DISTRICT NO. 1 OF KING COUNTY VALLEY MEDICAL CENTER Management s Discussion and Analysis September 30, 2012 and 2011 (unaudited)

PUBLIC HOSPITAL DISTRICT NO. 1 OF KING COUNTY VALLEY MEDICAL CENTER Management s Discussion and Analysis September 30, 2012 and 2011 (unaudited) PUBLIC HOSPITAL DISTRICT NO. 1 OF KING COUNTY VALLEY MEDICAL CENTER Management s Discussion and Analysis 30, 2012 and 2011 Public Hospital District No. 1 of King County, Washington (the District), doing

More information

GREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2016 and 2015

GREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2016 and 2015 Audited Financial Statements CONTENTS Independent Auditor's Report 1 2 Management's Discussion and Analysis 3 10 Financial Statements Statements of Net Position 11 Statements of Revenues, Expenses and

More information

SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT

SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT Financial Statements December 31, 2017 and 2016 ` Management s Discussion and Analysis December 31, 2017 and 2016 For the three months ended December 31, 2017, Sarasota County Public Hospital District

More information

Third Quarter Fiscal Year Financial Report (Unaudited Statements)

Third Quarter Fiscal Year Financial Report (Unaudited Statements) Bond Long Term Rating Standard and Poor s AA-/Stable FITCH Investors Service AA/Stable Third Quarter Fiscal Year Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery

More information

September 30, 2017 Fiscal Year Financial Report (Audited Statements)

September 30, 2017 Fiscal Year Financial Report (Audited Statements) Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable September 30, 2017 Fiscal Year Financial Report (Audited Statements) Cone Health is an integrated health care delivery

More information

Mercy Health Quarterly Financial Report. As of and for the three months ended December 31, 2018 and 2017

Mercy Health Quarterly Financial Report. As of and for the three months ended December 31, 2018 and 2017 Mercylit Quarterly Financial Report As of and for the three months ended December 31, 2018 and 2017 Contents: - Consolidated Financial Statements (Unaudited) - Management Discussion & Analysis Consolidated

More information

Verity Health System of California, Inc. Unaudited Financial Report and Utilization Statistics For the Twelve Months Ended June 30, 2018

Verity Health System of California, Inc. Unaudited Financial Report and Utilization Statistics For the Twelve Months Ended June 30, 2018 Verity Health System of California, Inc. Unaudited Financial Report and Utilization Statistics For the Twelve Months Ended June 30, 2018 Verity Health System of California, Inc. Page Ref Management's Discussion

More information

Interim Unaudited Consolidated Financial Statements and Other Information

Interim Unaudited Consolidated Financial Statements and Other Information Interim Unaudited Consolidated Financial Statements and Other Information For The Period Ended March 31, 2017 The Cleveland Clinic Foundation d.b.a. Cleveland Clinic Health System INTERIM UNAUDITED CONSOLIDATED

More information

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF MARCH 31, 2017 AND DECEMBER 31, 2016

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF MARCH 31, 2017 AND DECEMBER 31, 2016 CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF MARCH 31, 2017 AND DECEMBER 31, 2016 AND FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016

More information

AHS Hospital Corporation and Subsidiary

AHS Hospital Corporation and Subsidiary AHS Hospital Corporation and Subsidiary UNAUDITED Consolidated Financial Statements As of and for the Years Ended December 31, 2015 and 2014 Consolidated Balance Sheets As of December 31, 2015 and 2014

More information

VERITY HEALTH SYSTEM (FORMERLY DAUGHTERS OF CHARITY HEALTH SYSYTEM) ANNUAL REPORT

VERITY HEALTH SYSTEM (FORMERLY DAUGHTERS OF CHARITY HEALTH SYSYTEM) ANNUAL REPORT VERITY HEALTH SYSTEM (FORMERLY DAUGHTERS OF CHARITY HEALTH SYSYTEM) ANNUAL REPORT FISCAL YEAR ENDED JUNE 30, 2016 1 Contents 1) List of Obligated Group Members 3 2) Sources of Gross Patient Revenue.3 3)

More information

CAMC Health System, Inc. and Subsidiaries

CAMC Health System, Inc. and Subsidiaries CAMC Health System, Inc. and Subsidiaries Consolidated Financial Statements and Other Financial Information as of and for the Years Ended December 31, 2014 and 2013, and Independent Auditors Report CAMC

More information

Discussion of Results (Percentage changes compare Q4 12 to Q4 11, unless otherwise noted.)

Discussion of Results (Percentage changes compare Q4 12 to Q4 11, unless otherwise noted.) Tenet Reports Fourth Quarter Adjusted EBITDA of $336 Million, an Increase of 16.7% 7.3% Growth in Net Operating Revenues 2.9% Increase in Adjusted Admissions 7.5% Growth in Surgeries DALLAS February 26,

More information

Quarterly Report For the Period Ending 9/30/14

Quarterly Report For the Period Ending 9/30/14 This Document is Dated as of November 24, 2014. SPECIAL NOTE CONCERNING FORWARD-LOOKING STATEMENTS: Certain of the discussions included in the Management Discussion and Analysis section of the following

More information

GREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2017 and 2016

GREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2017 and 2016 Audited Financial Statements CONTENTS Independent Auditor's Report 1 2 Management's Discussion and Analysis 3 10 Financial Statements Statements of Net Position 11 Statements of Revenues, Expenses and

More information

North Shore-Long Island Jewish Health System, Inc. (North Shore-LIJ)

North Shore-Long Island Jewish Health System, Inc. (North Shore-LIJ) North Shore-Long Island Jewish Health System, Inc. (North Shore-LIJ) ANNUAL FINANCIAL INFORMATION AND OPERATING DATA FOR THE YEAR ENDED DECEMBER 31, 2013 Contents Management s Discussion and Analysis of

More information

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2014

Halifax Hospital Medical Center d/b/a Halifax Health. Financial Report September 30, 2014 Financial Report September 30, 2014 Contents Independent Auditor s Report 1 3 Management s Discussion and Analysis (Unaudited) 4 12 Financial Statements: Statement of Net Position 13 14 Statement of Revenues,

More information

South Broward Hospital District d/b/a Memorial Healthcare System Year Ended April 30, 2016 With Report of Independent Certified Public Accountants

South Broward Hospital District d/b/a Memorial Healthcare System Year Ended April 30, 2016 With Report of Independent Certified Public Accountants F INANCIAL S TATEMENTS, R EQUIRED S UPPLEMENTARY I NFORMATION, AND S UPPLEMENTARY I NFORMATION South Broward Hospital District Year Ended April 30, 2016 With Report of Independent Certified Public Accountants

More information

Continuing Disclosure: Quarterly report for the period ended December 31, Table of Contents

Continuing Disclosure: Quarterly report for the period ended December 31, Table of Contents Continuing Disclosure: Quarterly report for the period ended December 31, 2017 Table of Contents Management s Discussion of Recent Performance Consolidated Financial Statements: Unaudited Balance Sheet

More information

Third Quarter Fiscal Year 2017 Financial Report (Unaudited Statements)

Third Quarter Fiscal Year 2017 Financial Report (Unaudited Statements) Bond Long Term Rating Standard and Poor s AA/Negative FITCH Investors Service AA/Stable Third Quarter Fiscal Year 2017 Financial Report (Unaudited Statements) Cone Health is an integrated health care delivery

More information

GREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2015 and 2014

GREENWOOD LEFLORE HOSPITAL. Audited Financial Statements Years Ended September 30, 2015 and 2014 Audited Financial Statements CONTENTS Independent Auditor's Report 1 2 Management's Discussion and Analysis 3 10 Financial Statements Statements of Net Position 11 Statements of Revenues, Expenses and

More information

Tenet Reports Results for the Second Quarter Ended June 30, 2018

Tenet Reports Results for the Second Quarter Ended June 30, 2018 Tenet Reports Results for the Second Quarter Ended June 30, 2018 Tenet reported net income from continuing operations available to Tenet common shareholders of $24 million or $0.23 per diluted share in

More information

F I N A N C I A L S T A T E M E N T S. Banner Health and Subsidiaries Years Ended December 31, 2018 and 2017 With Report of Independent Auditors

F I N A N C I A L S T A T E M E N T S. Banner Health and Subsidiaries Years Ended December 31, 2018 and 2017 With Report of Independent Auditors C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S Years Ended December 31, 2018 and 2017 With Report of Independent Auditors Ernst & Young LLP Consolidated Financial Statements Years Ended

More information

Quarterly. Paul Masterson at

Quarterly. Paul Masterson at GENESISS HEALTHCARE SYSTEM Quarterly Financial Disclosure Statement As of and for the Three Months Ended March 31, 2016 PLEASE NOTE THAT THIS DOCUMENT INCLUDES MANAGEMENT S DISCUSSION AND ANALYSIS, AS

More information

Report of Independent Auditors and Financial Statements for. Public Hospital District No. 3, Snohomish County, Washington

Report of Independent Auditors and Financial Statements for. Public Hospital District No. 3, Snohomish County, Washington Report of Independent Auditors and Financial Statements for Public Hospital District No. 3, Snohomish County, Washington December 31, 2016 and 2015 CONTENTS REPORT OF INDEPENDENT AUDITORS 1 2 PAGE MANAGEMENT

More information

MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS

MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS MANAGEMENT'S DISCUSSION AND ANALYSIS AND BASIC FINANCIAL STATEMENTS West Jefferson Medical Center Years ended December 31,2004 and 2003 Under provisions of state law. this report is a public document,

More information

Ochsner Health System Annual Financial Information Disclosure

Ochsner Health System Annual Financial Information Disclosure Ochsner Health System Annual Financial Information Disclosure For the Twelve Months Ended December 31, 2011 Forward Looking Information: This Financial Information Disclosure contains disclosures, which

More information

Quarterly Disclosure Report. For Six Months Ended December 31, (Unaudited)

Quarterly Disclosure Report. For Six Months Ended December 31, (Unaudited) Quarterly Disclosure Report For Six Months Ended December 31, 2008 (Unaudited) Contacts: Mark Amiri Frederick Savelsbergh Vice President and Treasurer Senior Vice President of Hospital Finance and 214-820-2538

More information

Shands Teaching Hospital and Clinics, Inc. and Subsidiaries Consolidated Basic Financial Statements, Required Supplementary Information and

Shands Teaching Hospital and Clinics, Inc. and Subsidiaries Consolidated Basic Financial Statements, Required Supplementary Information and Shands Teaching Hospital and Clinics, Inc. and Subsidiaries Consolidated Basic Financial Statements, Required Supplementary Information and Supplemental Consolidating Information Index Page(s) Management's

More information

MCG Health, Inc. d/b/a Georgia Regents Medical Center (a component unit of MCG Health System, Inc.)

MCG Health, Inc. d/b/a Georgia Regents Medical Center (a component unit of MCG Health System, Inc.) Financial Statements and Report of Independent Certified Public Accountants MCG Health, Inc. d/b/a Georgia Regents Medical Center June 30, 2015 and 2014 MCG Health, Inc. Table of contents Management s

More information

Interfaith Medical Center

Interfaith Medical Center Interfaith Medical Center Financial Statements For the Twelve Months Ended December 31, 2012 (UNAUDITED) TABLE OF CONTENTS Page Statement of Financial Position 1 Statement of Operations 2 Statement of

More information

Disclosure Report. For the Three Months Ended September 30, 2018

Disclosure Report. For the Three Months Ended September 30, 2018 Disclosure Report for September 30, 2018 Disclosure Report For the Three Months Ended September 30, 2018 Contacts: Cecelia B. Moore, MHA, CPA, CHFP Chief Financial Officer & Treasurer Vanderbilt University

More information

Banner Health Management s Discussion and Analysis of Results of Operations and Financial Position

Banner Health Management s Discussion and Analysis of Results of Operations and Financial Position Banner Health Management s Discussion and Analysis of Results of Operations and Financial Position The preparation of financial statements in conformity with accounting principles generally accepted in

More information

UNIVERSITY OF COLORADO HOSPITAL AUTHORITY

UNIVERSITY OF COLORADO HOSPITAL AUTHORITY Basic Financial Statements For the Years Ended (With Independent Auditors' Report Thereon) AUDIT TAX CONSULTING Table of Contents Page Management's Discussion and Analysis, Years Ended... 1 Independent

More information

(?~~ Cass Wisniewski, CPA Senior VP & Chief Financial Officer Hurley Medical Center. November 29, 2017 RE:

(?~~ Cass Wisniewski, CPA Senior VP & Chief Financial Officer Hurley Medical Center. November 29, 2017 RE: One Hurley Plaza Flint, Michigan 48503 November 29, RE: Officers Certificate for Hurley Medical Center Relating to the Annual Filing Issues Including: 1. City of Flint Hospital Building Authority, Building

More information

Tenet Reports Results for the Third Quarter Ended September 30, 2018

Tenet Reports Results for the Third Quarter Ended September 30, 2018 Tenet Reports Results for the Third Quarter Ended September 30, 2018 Tenet reported a net loss from continuing operations attributable to Tenet common shareholders of $9 million or $0.09 per diluted share

More information

Frederick Regional Health System Financial Report and Management Discussion For the Six Months ended December 31, 2011

Frederick Regional Health System Financial Report and Management Discussion For the Six Months ended December 31, 2011 Frederick Regional Health System Financial Report and Management Discussion For the Six Months ended December 31, 2011 This report is presented in accordance with the continuing disclosure requirements

More information

Deferred inflows of resources Deferred gain on debt refunding 11,668 12,578

Deferred inflows of resources Deferred gain on debt refunding 11,668 12,578 Shands Teaching Hospital and Clinics, Inc. and Subsidiaries Consolidated Basic Statements of Net Position (Unaudited) As of June 30, 2014 and 2013 (Amounts in Thousands) 2014 2013 Assets Current assets

More information

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF SEPTEMBER 30, 2017 AND DECEMBER 31,

CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF SEPTEMBER 30, 2017 AND DECEMBER 31, CONSOLIDATED FINANCIAL STATEMENTS AND OTHER INFORMATION INDIANA UNIVERSITY HEALTH, INC. AND SUBSIDIARIES AS OF SEPTEMBER 30, 2017 AND DECEMBER 31, 2016 AND FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017

More information

November 10 1 h, Re: Dartmouth-Hitchcock Obligated Group - Report for the Quarter Ended September 30, 2017

November 10 1 h, Re: Dartmouth-Hitchcock Obligated Group - Report for the Quarter Ended September 30, 2017 Dartmouth-Hitchcock Dartmouth-Hitchcock l Medical Center Drive Lebanon, NH 03756-0001 Phone (603) 650-5634 Fox [603) 650-7440 Dortmouth h i tchcock. org November 10 1 h, 2017 Re: Dartmouth-Hitchcock Obligated

More information