7 Major For-Profit Hospital Companies Post $562M in Quarterly Earnings

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Seven of the largest for-profit hospital operators reported quarterly earnings over the past several weeks.

In the quarter ended Dec. 31, 2013, the big seven hospital companies recorded a cumulative net profit of $561.7 million. However, that figure is somewhat skewed as HCA and UHS drove a vast majority of the profit. In addition, several companies continued to post lower earnings and net losses due to soft volumes, acquisition-related costs and high regulatory expenses.

Here are the quarterly financials of all seven hospital companies, starting with the most recently released.

1. In fiscal year 2013, Franklin, Tenn.-based hospital operator Capella Healthcare lost $31.8 million, which was more than double its $14.1 million loss in 2012. In the fourth quarter alone, Capella lost $14.6 million.

2. Universal Health Services, based in King of Prussia, Pa., posted $124.5 million of net profit in the fourth quarter — an 8 percent drop from the same period in 2012.

3. Dallas-based Tenet Healthcare Corp. posted a net loss of $24 million in the fourth quarter of fiscal year 2013 — compared with a $49 million profit last year — due mostly to acquisition-related costs and higher operating expenses.

4. Net revenue and profit at Franklin, Tenn.-based Community Health Systems dropped in the fourth quarter and full year as weak inpatient volumes defined 2013. For the three months ended Dec. 31, net revenue fell 1.4 percent to $3.23 billion. Operating income totaled $52.3 million, a 39 percent decline from $85.6 million posted in the same period a year ago. Total profit slipped 55 percent to $28.2 million.

5. Brentwood, Tenn.-based LifePoint Hospitals recorded $35.6 million of profit in the fourth quarter of 2013, a 1.9 percent drop from $36.3 million in 2012.

6. Franklin, Tenn.-based IASIS Healthcare posted $5.2 million in net income in its first quarter ended Dec. 31, but that number would have been in the red if the company hadn't sold its Florida market to a competitor.

7. Despite a 1.8 percent drop in same-hospital admissions in the fourth quarter, Nashville, Tenn.-based Hospital Corporation of America still managed to post a $424 million profit — up 35 percent from the fourth quarter in 2012.

More Articles on For-Profit Hospitals:
For-Profit Hospital Stock Report: Week of March 3-7, 2014
Tenet, Yale New Haven Form Regional Partnership
CHS Approves $2M Bonus for CEO Wayne Smith

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