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Financial Results

Centegra unexpectedly loses money after opening its latest hospital

Centegra unexpectedly loses money after opening its latest hospital

Centegra Health System made a risky bet last August that most systems in Illinois have avoided, considering the glut of empty hospital beds. It opened its third hospital, in northwest suburban Huntley, wagering that a population boom in McHenry and Kane counties would fill the new facility's 128...

Fast cash handy for those hospital fixer-upper projects

Fast cash handy for those hospital fixer-upper projects

Hospitals getting to long-overdue tower replacement projects and other capital needs are finding attractive interest rates on borrowings in the bond markets. Even systems with dinged finances or poor patient mixes are completing $1 billion bond offerings.

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