West Reading, Pa.-based Tower Health reported an operating loss of $14.2 million (-3% operating margin) in the first quarter of 2025, ended Sept. 30, 2024, an improvement from a $19.1 million operating loss (-4.2% operating margin) during the same period last year, according to its most recent financial report. 

St. Louis-based SSM Health saw an operating loss of $21.8 million (-0.8% margin) in the third quarter of 2024, ended Sept. 30, up from a $35.1 million operating loss (-1.4% margin) during the same time period in 2023, according to its most recent financial report. 

Toledo, Ohio-based ProMedica reported operating income of $32.4 million (4% margin) in the third quarter, up from a $31 million loss (-4.2% margin) in the third quarter of 2023 as operating results for all lines of business continued to improve over the prior year.

Bryan, Texas-based CapRock Health System is closing its Bryan-based CapRock Hospital and freestanding CapRock 24-Hour Emergency Care center in College Station, Texas, on Dec. 13, KBTX reported Nov. 19. 

Valhalla, N.Y.-based Westchester Medical Center Health Network is eliminating two regional CEO positions amid changes to its operating model, a spokesperson for the health system confirmed to Becker's.

Joe Flanagan has returned as CEO of R1 RCM following the completion of TowerBrook Capital Partners and Clayton, Dubilier & Rice's $8.9 billion deal to take the company private. 

When Amy Crouch, CFO of Noblesville, Ind.-based Riverview Health connected with Becker's on Nov. 19, she had just hit the 90 day mark in her new role. With a background in healthcare finance, and even starting her own CPA firm during the COVID-19 pandemic, her immediate focus at Riverview Health is clear: strategic growth and revenue cycle improvement. 

St. Joseph's Children’s Hospital, part of BayCare Health System in Tampa, Fla., has received a $5 million donation to support the construction of a new, dedicated children's hospital facility.

Pontiac (Mich.) General Hospital filed a WARN notice Nov. 15 to lay off 248 employees after the hospital unexpectedly learned that it was excluded from receiving Medicare funds. 

Ensemble Health Partners has struck an agreement to provide end-to-end revenue cycle services for two of Greensburg, Pa.-based Independence Health System's hospitals.

Marc Miller, CEO of King of Prussia, Pa.-based Universal Health Services, shared during a Nov. 18 CNBC interview that he is not concerned about changes to HHS after President-elect Donald Trump named Robert F. Kennedy Jr. secretary on Nov. 14.

Rochester, Minn.-based Mayo Clinic reported $55 million in operating income (1.1% margin) in the third quarter, down from $90 million in the same quarter in 2023. 

The upcoming closure of Bay City, Mich.-based McLaren Bay Special Care, a long-term acute care hospital part of Grand Blanc, Mich.-based McLaren Health Care, will result in 43 layoffs, according to a WARN notice filed Oct. 24. 

Sioux Falls, S.D.-based Sanford Health saw an operating income of $195 million (3.5% margin) in the nine months ended Sept. 30, 2024, a 56% increase from $124.5 million (2.4% margin) during the same time period in 2023, according to its most recent financial report. 

Labcorp Executive Vice President and CFO Glenn Eisenberg is retiring and will be succeeded by Julia Wang. 

Many health systems continue to grapple with financial headwinds, leading to significant restructuring of their leadership teams. From consolidations to layoffs, these changes reflect broader challenges facing the hospital industry as organizations aim to align their operating models with financial and operational realities.

Private equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice have completed their $8.9 billion acquisition of R1 RCM. 

Baptist Health Boca Raton Regional Hospital, part of Coral Gables, Fla.-based Baptist Health, has received a $32 million grant — the largest in the hospital's history.

Voters in San Benito (Calif.) County have approved Measure X, which authorizes the San Benito Health Care District to negotiate a lease-to-own agreement with Flint, Mich.-based Insight Foundation of America, a nonprofit corporation, for financially troubled Hollister, Calif.-based Hazel Hawkins Hospital.

Chicago-based CommonSpirit reported an operating loss of $331 million (-3.5% operating margin) in the first quarter of fiscal 2025, an improvement from a $402 million operating loss (-4.7% margin) reported over the same period last year, according to its Nov. 18 financial report.