Layoffs Pending for LifePoint Hospitals
Fifty-seven-hospital LifePoint employs approximately 400 people at its hospital support center in Brentwood and more than 29,000 across 20 states.
Spokesperson Diane Huggins said the company is continually looking for ways to operate more efficiently, and, "as with all organizations, from time to time, we make staffing adjustments as needed," according to the report. Departments or positions expected to be affected by the workforce reduction were not specified in the report, nor was a timeline for the layoffs.
On average, analysts forecasted earnings of $3.31 a share on revenues of $4.25 billion. But LifePoint expects 2013 earnings per share of $2.73 to $3.11 on revenues of $3.65 billion to $3.75 billion, according to the report.
More Articles on Hospital Layoffs:Knapp Medical Center in Texas Cuts 50 Positions
Mendocino Coast Hospital in California Cuts 20 Jobs
Bankrupt California Hospital Lays Off 20 Employees
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review