Kootenai Health increases transparency amid covenant violation

Publicly owned Coeur d’Alene, Idaho-based Kootenai Health said it will be holding investor calls more frequently after violating a covenant agreement.

Advertisement

The health system, whose main campus has 330 beds in Coeur d’Alene, wants to transition to a nonprofit system. It reported $45 million in losses in 2022 but is targeting $25 million in net income by 2027.

The calls with bondholders will occur within 45 days of the end of every quarter until the covenant is complied with.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.