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Financial Results

Chen's 22% stake in CHS carries clout—with or without a board seat

Chen's 22% stake in CHS carries clout—with or without a board seat

Chinese billionaire Tianqiao Chen as recently as February used his 10% stake in Legg Mason to gain two board seats at the asset-management firm, including the vice chairmanship for himself. His designs for CHS haven't been made public but he already carries weight with his holdings.

Summa's financial losses continue to mount

Summa's financial losses continue to mount

A new financial disclosure shows Summa Health lost more than $33 million in the first half of this year, compared with a $14 million profit for the like period last year. Interim CEO Dr. Cliff Deveny previously warned that the system was on track to lose more than $60 million in operating income.

Edward-Elmhurst Health eyes $50 million in cuts

Naperville, Ill.-based Edward-Elmhurst Health is feeling the squeeze of climbing bad debt thanks to high-deductible health plans, soaring pharmaceutical costs and Medicare and Medicaid reimbursements that don't fully cover the price tag of patient care.

Road gets rockier for hospital stocks

Road gets rockier for hospital stocks

Weak admissions and a deteriorating payer mix will mark the rest of 2017 after they conspired to ruin the second-quarter earnings season for hospital stocks.

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