A Friday report issued by Butler Health System says it sustained a smaller financial loss as compared to what was recorded over the same period last year by reducing expenses.
According to the number.
For the third time in 2023, credit rating agency Fitch Ratings has downgraded its outlook on Butler Health System.
On Monday, Dec. 11, Fitch Ratings downgraded Butler Health System’s bonds by one notc.
The operating loss of $43.7 million for the 12-month period ending June 30 reported earlier this week by the Butler Health System one portion of the newly merged Independence Health System is bein.
Westmoreland County-based Excela Health, which merged with Butler Health System in January to form Independence Health, lost $36.2 million in the fiscal year ending June 30, according to a new disclosure report. That’s $15 million more than losses reported in the previous fiscal year ending in June 2022, when it
The bad news keeps coming for the recently merged Butler Health System.
Credit agency Fitch Ratings has downgraded the credit rating for the financially troubled hospital network from A to “BBB,” citi.