A prepared statement gives this explanation, reported by Arkansas Business:
In a difficult and challenging environment of substantially less government reimbursement, burdensome government regulations, rapidly rising costs of supplies, increasing charity care and bad debt, and the need for technology and medical innovations, we believe these efforts will serve to make Baptist Health more effective.
Republicans, normally all about efficiency, are chortling that cuts in Medicare reimbursements are being cited by hospitals nationwide as a reason for cutbacks. They don't mention the huge flow of new dollars for Medicaid expansion for many people who once couldn't pay hospital bills or discharged them through bankruptcy. That money hasn't started rolling in just yet, of course. And it won't if the Republican critics have their way. Republican mouthpieces are also silent in their chortling on the impact of sequestration, or the automatic budget cuts, triggered by Republicans recently.
UPDATE: Doyle Webb, GOP party chair, now says in a statement that Sen. Mark Pryor alone is essentially responsible for job losses because his vote could have stopped Obamacare.