Atlanta-based SunLink Health Systems (pdf) reported a net loss of $1.42 million in the first quarter of fiscal year 2013, which was slightly less than its loss of $1.56 million in the first quarter last year.
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.
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.
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