Net operating revenues totaled $$3.666 billion, compared with $4.38 billion a year earlier, a 16.3 percent decrease. Cash flow from operations was $114 million, compared with $178 million for the same period in 2016, representing a 36-percent decrease.
On a same-location basis, both admissions and adjusted admissions decreased 2.3 percent, compared with the same period in 2016, the company said in a Nov. 1 earnings report.
Hurricanes Harvey in Texas and Irma in Florida and Georgia significantly impacted the results of operations for the quarter, resulting in a loss of net operating revenues combined with incremental expenses estimated at $40 million. The figure does not include any insurance recoveries that the company may receive.
CHS continued to sell off various hospital properties as it raised capital to pay off debt. Two hospitals were sold effective Sept. 1, six hospitals were sold effective Oct. 1, and two hospitals were sold effective Nov. 1.
Although a group of local doctors and other investors made an offer to acquire Lutheran Health earlier this year, CHS declined to sell the network it has called one of its most successful.