Com­mu­nity Health Sys­tems an­nounced that its spinoff of 38 small-mar­ket hospi­tals into a new com­pany called Quo­rum Health Corp. will likely take place be­fore the end of June

Modern Healthcare - - LATE NEWS -

rather than in March, as orig­i­nally planned. The Franklin, Tenn.-based health sys­tem said mar­ket con­di­tions con­trib­uted to the de­lay of the deal, which was an­nounced in Au­gust. CHS spokes­woman Tomi Galen de­clined to com­ment. Neg­a­tive health­care news may have con­trib­uted to CHS’ de­ci­sion to wait on the spinoff, said Megan Neuburger, a man­ag­ing di­rec­tor at Fitch Rat­ings.

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