Antitrust settlement pushes Sutter Health to quarterly loss

Sutter Health's $575 million antitrust settlement pushed the Sacramento-based health care system to a $651 million loss in the third quarter. The nonprofit hospital system had $49 million in income in the third quarter of last year. In its third-quarter financial statement filed with municipal bond market regulators, Sutter said it agreed to settle the case “to avoid the cost of a protracted trial combined with years of appeals.” The lawsuit by California Attorney General Xavier Becerra and…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news