How CHS, Tenet, UHS, LifePoint and HCA fared in Q3

For-profit hospital operators struggled in the third quarter of fiscal year 2015, with three of the major operators seeing their profits fall compared to the same period a year ago.

1. King of Prussia, Pa.-based Universal Health Services reported revenues of $2.2 billion in the third quarter of fiscal year 2015, up 9.3 percent from a year earlier. UHS saw its net income jump 81.5 percent year over year, increasing to $150.2 million in the third quarter of FY 2015.

2. Franklin, Tenn.-based Community Health Systems reported revenues of $4.8 billion in the third quarter of fiscal year 2015, an increase of 1.4 percent over the same period the year prior. CHS posted net income of $52 million in the third quarter of FY 2015, down 16.1 percent from a year ago.

3. Dallas-based Tenet Healthcare saw its revenue increase 12.4 percent in the third quarter of fiscal year 2015 to $4.7 billion. Tenet reported a net loss of $29 million for the third quarter of FY 2015, compared to net income of $9 million in the same period a year ago.

4. Nashville, Tenn.-based Hospital Corporation of America reported revenues of $9.9 billion for the third quarter of fiscal year 2015, up 6.9 percent from the same period last year. HCA posted net income of $449 million, down from $518 million in the third quarter of FY 2014.

5. Brentwood, Tenn.-based LifePoint Health reported revenues of $1.3 billion in the third quarter of fiscal year 2015, up 12.3 percent from the same period a year ago. LifePoint ended the third quarter with net income of $43.6 million, up 58.5 percent from the same period of last year.

More articles on healthcare finance:

Kaiser sees revenue increase but ends Q3 with $115M net loss
Financial troubles surface at another Forest Park hospital after flagship facility closes
Geisinger to begin offering refunds to unsatisfied patients

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