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

Major for-profit hospital operators produced mixed financial results in the third quarter of 2018.

1. Nashville, Tenn.-based HCA Healthcare saw revenues increase 7.1 percent year over year to $11.5 billion in the third quarter of this year. The company attributed the revenue growth in part to higher patient volumes. HCA ended the third quarter of 2018 with a $759 million profit. That's compared to the third quarter of 2017, when the company recorded a profit of $426 million.

2. Dallas-based Tenet Healthcare ended the third quarter of 2018 with revenues of $4.49 billion, down slightly from $4.59 billion in the same period a year earlier. Tenet said the lower revenue was largely attributable to hospital divestitures. The company reported a net loss attributable to shareholders of $9 million in the third quarter of this year, compared to the $367 million net loss it recorded in the same period a year earlier.

3. Franklin, Tenn.-based Community Health Systems' revenues dipped to $3.45 billion in the third quarter of 2018, down 6 percent from $3.67 billion in the same period of the year prior. The decline was partially attributable to CHS operating 15 fewer hospitals in the third quarter of 2018 than in the same period of 2017. CHS ended the third quarter of this year with a net loss attributable to stockholders of $325 million. That's compared to the third quarter of 2017, when the company recorded a net loss of $110 million.

4. King of Prussia, Pa.-based Universal Health Services saw revenues increase 4.2 percent year over year to $2.65 billion in the third quarter of 2018. The revenue growth was partially due to increased patient admissions at UHS' acute care hospitals. UHS ended the third quarter of 2018 with a profit of $171.75 million, compared to $141.25 million in the same period of the year prior.

5. Brentwood, Tenn.-based LifePoint Health recorded revenues of $1.56 billion in the third quarter of 2018, down slightly from $1.58 billion in the same period of the year prior. The decline was partially attributable to LifePoint operating fewer hospitals in the third quarter of 2018 than in the same period of 2017. LifePoint ended the third quarter of this year with a profit of $22.3 million, down 18.9 percent from $27.5 million in the third quarter of 2017.

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