Shares of Brentwood, Tenn.-based Quorum Health closed Feb. 20 at $2.52, their lowest closing price ever, and traded as low as $2.50 throughout the day.
Quorum has struggled with plunging share prices for months. The 27-hospital chain's stock price traded down about 3 percent Feb. 20 after closing Feb. 19 at $2.58.
Quorum ended the first nine months of 2018 with a net loss of $179.5 million, compared to a net loss of $87.4 million in the same period a year earlier. The company, a spinoff of Franklin, Tenn.-based Community Health Systems, aims to improve its financial positions by restructuring its portfolio.
More articles on healthcare finance:
Washington hospital will lay off staff, freeze wages to stay afloat
Mayo's annual revenue climbs to $12.6B amid move to Epic EHR
Missouri, Tennessee hospitals suspend services: 5 things to know