Quorum Health Corporation (QHC) CEO Bob Fish on Q3 2019 Results - Earnings Call Transcript

Nov. 10, 2019 3:26 AM ETQuorum Health Corporation (QHCCQ)
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Quorum Health Corporation (QHC) Q1 2020 Earnings Conference Call November 8, 2019 11:00 AM ET

Company Participants

Bob Fish - President and CEO

Alfred Lumsdaine - CFO

Marty Smith - COO

Conference Call Participants

Anton Hie - RBC Capital Markets

Operator

Good morning. And welcome to Quorum Health Corporation's Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session and instructions will be given at that time. As a reminder, today's call is being recorded. Before we begin the call, I'd like to read the following disclosure statement.

This conference call may contain certain forward-looking statements, including all statements that do not relate solely to historical or current facts. These forward-looking statements are subject to a number of known and unknown risks, which are described in headings, such as risk factors in the company's Form 10-K filing and other reports filed with or furnished to the Securities and Exchange Commission.

As a consequence, actual results may differ significantly from those expressed in any forward-looking statement in today's discussion. The company does not intend to update any of these forward-looking statements.

Quorum Health issued a press release last evening with their financial statements and definitions and calculations of adjusted EBITDA and same-facility adjusted EBITDA, including reconciliations to U.S. GAAP measures. A slide presentation is available on the company's Web site to supplement today's call.

Results discussed today consolidate the results of Quorum's 24-owned or leased hospitals and results of Quorum Health Resources. Same-facility information excludes the results of the 14 facilities that have been divested or closed since the spin-off through September 30, 2019.

In addition, the company filed their quarterly report on Form 10-Q last night. All discussions today are supplemented by the press release, the earnings presentation

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