Butler Health System Financial Problems

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CFO breaks down debt issues at Butler Health System

(4 days ago) WebButler Health System’s $150 million debt was refinanced in 2015, years before COVID-19 brought long-lasting problems to the industry — inflation, stagnant insurance reimbursements, and labor and supply shortages. A top hospital official recently outlined …

https://www.cranberryeagle.com/2024/05/17/cfo-breaks-down-debt-issues-at-butler-health-system/

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CFO breaks down debt issues at Butler Health System

(9 days ago) WebButler Memorial Hospital as seen on Wednesday, May 15. Morgan Phillips/Butler Eagle. Butler Health System’s $150 million debt was refinanced in 2015, …

https://www.butlereagle.com/20240517/cfo-breaks-down-debt-issues-at-butler-health-system/

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Merged Excela, Butler health system is struggling …

(Just Now) WebFitch’s analysis noted that financial results for Butler Health System through Dec. 31 suggest it has persisting operating challenges, “exacerbated by inflationary pressures on labor and

https://triblive.com/local/westmoreland/merged-excela-butler-health-system-is-struggling-financially-ceo-says/

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Butler Health System losses nearly doubled in 2023, …

(5 days ago) WebButler Health System’s losses almost doubled in the fiscal year ending June 30, according to newly released financial documents. The system, which in January …

https://triblive.com/local/westmoreland/butler-health-system-losses-nearly-doubled-in-2023-according-to-financial-statements/

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Fitch Downgrades Butler Health (PA) to 'BBB'; Maintains …

(9 days ago) WebButler Health System had experienced operating margin compression and balance-sheet deterioration in recent years, including before the COVID-19 pandemic.

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-butler-health-pa-to-bbb-maintains-rating-watch-negative-26-06-2023

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Fitch Downgrades Butler Health (PA) to 'BBB-'; Outlook …

(4 days ago) WebMon 11 Dec, 2023 - 2:18 PM ET. Fitch Ratings - Austin - 11 Dec 2023: Fitch Ratings has downgraded Butler Health System's (BHS) Issuer Default Rating (IDR) and the rating on …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-butler-health-pa-to-bbb-outlook-negative-11-12-2023

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Losses continue for recently-merged Butler Health System

(4 days ago) WebThe Butler Health System’s continuing disclosure report for the third quarter of 2023 showed the system sustained an operating loss of $12.97 million. Over the …

https://www.butlereagle.com/20231129/losses-continue-for-recently-merged-butler-health-system/

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Excela-Butler health system sees further financial losses

(8 days ago) WebThe merged Butler and Excela health systems reported losses of more than $62 million over the nine-month period ending March 31, according to disclosure reports …

https://triblive.com/local/westmoreland/excela-butler-health-system-sees-further-financial-losses/

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Newly merged Butler Health reports operating, net losses in recent …

(4 days ago) WebButler Health reported annual revenues of $472.4 million based on fiscal 2022, which ended June 30. Days of cash on hand fell from 170.3 as of June 30 to 119 …

https://www.beckershospitalreview.com/finance/newly-merged-butler-health-reports-operating-net-losses-in-recent-quarter.html

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Butler Health revised to negative rating following debt coverage …

(2 days ago) WebButler Health reported an operating loss of $16.6 million in its final quarter as a separate system. The merger with Excela created a five-hospital system serving …

https://www.beckershospitalreview.com/finance/butler-health-revised-to-negative-rating-following-debt-coverage-breach.html

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Butler Health System losses widen to $43.2 million as of June 30

(1 days ago) WebFor the second year in a row, Independence Health System has lost more money than the previous year. The Butler portion of the health system on Tuesday, …

https://www.butlereagle.com/20231108/butler-health-system-losses-widen-to-43-2-million-as-of-june-30/

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Merged Butler/Excela system facing significant cuts, CEO warns

(2 days ago) WebThe newly merged entity created out of the deal between Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health is in financial difficulty and must cut …

https://www.beckershospitalreview.com/finance/merged-butler-excela-system-facing-significant-cuts-ceo-warns.html

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Fitch Places Butler Health System (PA) Revs on Rating Watch …

(3 days ago) WebButler Health System (PA) - ESG Navigator. Fitch Ratings - Austin - 08 Sep 2022: Fitch Ratings has placed on Rating Watch Evolving the 'A' Issuer Default Rating …

https://www.fitchratings.com/research/us-public-finance/fitch-places-butler-health-system-pa-revs-on-rating-watch-evolving-08-09-2022

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Butler Health System assures patient care won’t change despite

(6 days ago) Web“Many synergies were identified that led both predecessor health systems to approve the merger. In the health care industry, being larger creates scale, which can …

https://www.butlereagle.com/20231111/butler-health-system-assures-patient-care-wont-change-despite-financial-losses/

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Butler Health System credit rating continues to slip downward

(2 days ago) WebIndependence Health System has faced a slew of financial issues since its founding in January. Butler Health lost $43.3 million and Excela lost $36.2 million , for a …

https://triblive.com/local/westmoreland/butler-health-system-credit-rating-continues-to-slip-downward/

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NJ nursing home company in Wood-Ridge faces financial trouble

(Just Now) Web0:05. 0:25. A Wood-Ridge-based company that owns or operates more than 100 nursing homes around the country has failed to make payroll in Nebraska and …

https://www.northjersey.com/story/news/watchdog/2018/04/16/thousands-nursing-home-patients-could-affected-fast-growing-nj-nursing-home-company-trouble-nebraska/493643002/

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Best Hospitals in New Jersey Rankings & Ratings - US News Health

(8 days ago) WebRankings. Best Hospitals. Home. Best Hospitals in New Jersey. U.S. News evaluated 98 hospitals in New Jersey. Ten meet high U.S. News standards and are ranked in the …

https://health.usnews.com/best-hospitals/area/nj

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Butler Health System tells workers of money woes

(6 days ago) WebCEO Ken DeFurio, who recently led a merger with Excela Health System of Greensburg, sent a letter to all health system employees and medical staff regarding …

https://www.butlereagle.com/20230228/butler-health-system-tells-workers-of-money-woes/

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Counseling in Butler, NJ. Find the Right Therapist.

(8 days ago) WebCounseling in Butler, NJ. Find the Right Therapist. Safe, effective, and caring. Affordable therapists near you in Butler, New Jersey will help you make the changes you want. …

https://www.theravive.com/cities/nj/counseling-butler.aspx

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Butler Health System (PA) Credit Ratings :: Fitch Ratings

(3 days ago) WebFinancial Profile: bbb: Ratings Key Outlook Watch; Positive: Negative: Bond: (Butler Health System Project) hosp rev bonds ser 2015A Series: 2015A. 11-Dec …

https://www.fitchratings.com/entity/butler-health-system-pa-credit-summary-96247676

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Editorial: What do financial problems mean for future of …

(8 days ago) WebThe merger of Butler Health System with Excela Health was supposed to take the local medical groups and forge them into a larger, stronger entity that would survive …

https://triblive.com/opinion/editorial-what-do-financial-problems-mean-for-future-of-independence/

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