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More in Financial Management

Renton, Wash.-based Providence closed all 27 of its ExpressCare retail clinics in Southern California on Nov. 17, three days after it reported a $1.1 billion operating loss for the first nine months of 2022. 

Phoenix-based Banner Health reported a $26 million operating loss for the third quarter ending Sept. 30, bringing the health system's total loss to $113 million.

Salt Lake City-based Intermountain Healthcare reported higher year-over-year net income for the nine months ending Sept. 30 after completing the acquisition of Broomfield, Colo.-based SCL Health on March 31.

Moody's Investors Service has downgraded the ratings on Prime Healthcare's probability of default rating to "B2-PD" from "B1-PD" as well as its ratings of the system's senior secured notes to "B3" from "B2."

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