Allegheny will reduce earnings by millions

Article Abstract:

Allegheny Health System may cut its 1997 financial results by $100 million or higher, according to sources close to Allegheny's finances. Officials of Allegheny confirmed that their financial statements for 1997 are not accurate and will have to be drastically altered downward, but that they cannot speculate by how much because of an on-going review. Meanwhile, Allegheny requested the judge hearing its bankruptcy filing to appoint a new accounting firm in place of Coopers & Lybrand, which is now part of Pricewater-houseCoopers.

Comment:

May cut its 1997 financial results by $100 million or higher, according to sources close to its finances

Production management, Allegheny Health Systems, Article

Bond rating reduced at L. Bucks Hospital

Article Abstract:

Moody's Investors Service has given Lower Bucks Hospital a lower bond rating, dropping it from B1 to B3 due to financial losses. The 183-bed Lower Bucks Hospital, which is owned by the troubled Temple University Health System, is located in Bristol Township.

Financial analysis, Investment Advisory Services, Investment Advice, Investment advisers, Moody's Investors Service

Remarkable success for breakaway hospital

Article Abstract:

Lower Bucks Hospital left the Temple University Health System in 2001 and has remained financially sound.

Management dynamics, Management services, Office Administrative Services, Hospital Management, Management, Economic aspects, Health care industry, Company business management, Hospital administration, Philadelphia, Pennsylvania, Hospital/clinic administration software