Healthcare Distress Heats Up $QHC

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Like a deluge, the (albeit small) healthcare bankruptcy filings seem to be pouring in after we clowned on the industry's charged focus on healthcare. Morehead Memorial in Eden North Carolina is the latest victim. It was operated by Quorum Health Resources ($QHC). Nice zinger by the company spokeswoman against QHC, which has been replaced as operator: "The board's goal has been to find a partner that shares Morehead's dedication to quality care and patient safety...." That can't help QHC's business development efforts.