How CHS, Tenet, UHS, LifePoint and HCA fared in Q1

Major for-profit hospital operators produced mixed financial results in the first quarter of 2017.

1. HCA Healthcare, which changed its name from HCA Holdings earlier this month, recorded revenues of $10.62 billion in the first quarter of 2017, up 3.5 percent from revenues of $10.26 billion in the first quarter of the year prior. The Nashville, Tenn.-based company ended the first quarter of this year with net income of $659 million, down from $694 million in the same period of 2016.

2. Tenet Healthcare recorded revenues of $4.8 billion in the first quarter of 2017, a 4.6 percent year-over-year decrease. The Dallas-based company's ambulatory care segment and revenue cycle management subsidiary had strong performance in the first quarter, but revenue from its hospital operations was down. Tenet ended the first quarter of 2017 with a net loss of $53 million, which was an improvement from the $59 million net loss it recorded in the same period of 2016.

3. Franklin, Tenn.-based Community Health Systems recorded revenues of $4.49 billion in the first quarter of 2017, down 10.3 percent from $4.99 billion in the same period of 2016. The company reported a net loss of $199 million in the first quarter of this year after posting a net income of $11 million in the first quarter of 2016. CHS said its financial results for the first quarter of this year included $250 million in impairment charges and losses related to the sale of some of its hospitals.

4. Universal Health Services reported revenues of $2.6 billion in the first quarter of 2017, up 6.7 percent from revenues of nearly $2.5 billion in the first quarter of 2016. The King of Prussia, Pa.-based company said the financial boost was attributable, in part, to an increase in patient volume. UHS said admissions at its acute care facilities, when adjusted for outpatient activity, were up 5.1 percent in the first quarter of 2017, as compared to the same period of 2016. UHS ended the first quarter of this year with a net income of $206.1 million, up about 8 percent from $190.8 million in the same period of the year prior.

5. Brentwood, Tenn.-based LifePoint Health recorded revenues of $1.63 billion in the first quarter of this year, up from revenues of $1.58 billion in the same period of 2016. The company reported net income of $64 million in the first quarter of 2017, up from a net income of $23.9 million in the same period of 2016. The financial boost was attributable to several factors, including an increase in equivalent admission volumes and higher reimbursement rates from commercial payers, said LifePoint Executive Vice President and CFO Mike Coggin during an earnings call earlier this month.

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