Major for-profit hospital operators produced mixed financial results in the second quarter of 2019.
1. Franklin, Tenn.-based Community Health Systems reported revenues of $3.3 billion in the second quarter of 2019, down from $3.6 billion in the same period a year earlier. The company ended the second quarter of 2019 with a net loss of $167 million. That's compared to the second quarter of 2018, when CHS recorded a net loss of $110 million.
2. Nashville, Tenn.-based HCA Healthcare saw revenues increase 9.3 percent year over year to $12.6 billion in the second quarter of 2019. The company ended the second quarter of 2019 with net income of $783 million, down from $820 million in the same period a year earlier.
3. Dallas-based Tenet Healthcare reported revenues of $4.56 billion in the second quarter of this year, up slightly from $4.51 billion in the same period a year earlier. The company reported net income of $15 million in the second quarter of this year. In the second quarter of 2018, Tenet posted net income of $24 million.
4. King of Prussia, Pa.-based Universal Health Services saw revenues increase 6.5 percent year over year to $2.9 billion in the second quarter of 2019. UHS ended the second quarter of 2019 with net income of $238.3 million, compared to $226.1 million in the same period a year earlier.
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