The poor first quarter resulted from a pre-tax impairment charge of $789,000 associated with SunLink’s Dexter (Mo.) Hospital LLC, which operates Missouri Southern Healthcare. Last month, SunLink announced SoutheastHEALTH, based in Cape Girardeau, Mo., acquired the leasehold interest in Missouri Southern Healthcare.
SunLink also did not record any electronic health record incentive payments from the federal government in the first quarter of 2013. In the first quarter last year, SunLink tallied $659,000 in EHR incentives.
The down quarter also stands in contrast from SunLink’s most recent quarter. In the fourth quarter of FY 2012, the for-profit hospital operator posted a profit of $5.11 million. SunLink, which had $1.35 million in cash and cash equivalents at the end of the quarter ended Sept. 30, currently owns and operates four community hospitals.
More Articles on SunLink Health Systems:
SunLink CEO Robert Thornton Jr.’s Compensation Doubles in 2012
SoutheastHEALTH in Missouri Acquires SunLink’s Missouri Southern Healthcare
SunLink Health Systems’ FY 2012 Ends on Positive Note
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