Quorum Health CEO gets pay raise amid company's financial struggles

Brentwood, Tenn.-based Quorum Health President and CEO Thomas Miller's total compensation was $3.2 million in 2017. That's 71 times as much as the company's median employee salary, according to a recent Securities and Exchange Commission filing.

The median compensation of Quorum employees was $41,792 in 2017. To calculate the annual total compensation of the median employee, Quorum used the company's employee population on Dec. 31, 2017.

Mr. Miller's base salary climbed 8.5 percent year over year to $900,030 in 2017. However, he did not receive a bonus last year. After accounting for stock awards and other compensation, Mr. Miller's total compensation declined 34 percent year over year.

Quorum, the 28-hospital spinoff of Franklin, Tenn.-based Community Health Systems, is focused on restructuring its portfolio to improve financial performance. The company began a divestiture spree in 2016 and is targeting $203 million to $253 million in asset sales over the next one to two years, including hospitals and other facilities that are already under definitive purchase agreements. Quorum ended the fourth quarter of 2017 with a net loss of $27 million, compared to a net loss of $91 million in the same period of the year prior.

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