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Published on 5/21/2020 in the Prospect News Distressed Debt Daily.

Thomas Health System reports negative $6.6 million of April EBITDA

By Caroline Salls

Pittsburgh, May 21 – Thomas Health System, Inc. reported negative $6.6 million of EBITDA for April on $68,133 in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of West Virginia.

In comparison, Thomas Health posted negative $7.41 million of EBITDA for March on negative $223,625 in total revenue.

The company listed $21.33 million in cash and cash equivalents as of April 30, up from $15.82 million at the end of February.

Thomas Health is a South Charleston, W.Va.-based health care provider. It filed bankruptcy on Jan. 10 under Chapter 11 case number 20-20007.


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