West Penn Allegheny Health System sustains $3.6 million quarterly loss
Financially strapped West Penn Allegheny Health System on Tuesday reported a $3.6 million operating loss for the first three months of this fiscal year.
Results of the first quarter, which ended Sept. 30, included $3 million in restructuring costs associated with the consolidation of flagships West Penn Hospital in Bloomfield and Allegheny General Hospital in the North Side.
Officials said losses were offset by a $9.5 million gain from the sale of four outpatient dialysis clinics to DaVita Inc. The clinics are in the North Side, Moon, New Kensington and Somerset. They will continue to operate in affiliation with the system.
- NFP Hospitals' Revenue Growth at 'All-Time Low'
- CNO Leads $1M Charge for New Scrubs, Uniforms
- Transforming Cancer Care
- Acute Kidney Injury Gets New Focus
- Interventional Radiology No Longer a Sub-Specialty
- Sharp HealthCare Leaves Pioneer ACO Program
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- mHealth Tackles Readmissions
- Proton Beam Therapy Poised for Growth in US
- MA an Insurance Proving Ground for Providers