LifePoint’s net income in the fourth quarter fell to $36.3 million compared with $37.7 million in the same period of 2011. However, fourth-quarter revenue soared 14.3 percent to $893.3 million.
In fiscal year 2012, LifePoint’s profit totaled $151.9 million, down from $162.9 million in 2011. Total revenue rose 12.1 percent, from $3.03 billion in 2011 to $3.39 billion this past year, and LifePoint expects next year’s revenue figures to land between $3.65 billion and $3.75 billion.
As of Dec. 31, 2012, LifePoint also had $85 million of cash and cash equivalents on hand, and its adjusted EBITDA stood at $545.6 million, up from $536.2 million from the same period a year ago.
LifePoint’s same-hospital operating statistics showed growth in the outpatient setting, as outpatient surgeries grew 1.1 percent. However, admissions, equivalent admissions and inpatient surgeries all fell in 2012 — 4.2 percent, 1.1 percent and 6 percent, respectively.
More Articles on LifePoint Hospitals:
For-Profit Hospital Stock Report: Week of Feb. 4-8, 2013
Two LifePoint Hospitals in Texas to Share CEO, CFO
LifePoint-Norton Healthcare Joint Venture Finalizes Scott Memorial Acquisition
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
