How CHS, Tenet, UHS, LifePoint and HCA fared in Q1

Major for-profit hospital operators produced mixed results in the first quarter of 2016.

1. Franklin, Tenn.-based Community Health Systems reported revenues increased 1.8 percent year over year to nearly $5 billion in the first quarter of 2016. CHS ended the quarter with net income of $11 million, down 86 percent from $79 million in the same period of 2015.

2. Tenet Healthcare recorded revenue of $5 billion in the first quarter of 2016, up 14 percent from $4.4 billion in the same period the year prior. The Dallas-based hospital operator reported a net loss of $59 million in the first quarter, down from a net profit of $47 million in the same period of 2015.

3. King of Prussia, Pa.-based Universal Health Services recorded revenue of $2.5 billion in the first quarter 2016, up 10.1 percent from the year prior. UHS reported net income of $190.8 million in the first quarter of 2016, up from $174.3 million in the same quarter of 2015.

4. LifePoint Health saw revenue increase to nearly $1.6 billion in the first quarter of 2016, up 25.1 percent from revenue of $1.3 billion in the same period of 2015. The Brentwood, Tenn.-based hospital operator ended the first quarter with net income of $21.6 million, down 44.5 percent from the same period of the year prior.

5. Nashville, Tenn.-based HCA Holdings saw revenue increase to $10.2 billion in the first quarter of 2016, up 6 percent from $9.7 billion in the same period of 2015. HCA ended the first quarter with net income of $694 million, up 17.4 percent from $591 million in the same period of the year prior.

More articles on healthcare finance:

Weak flu season, lawsuits take toll on LifePoint's bottom line
2 South Dakota hospitals ink agreement with CMS to keep Medicare status
Partners HealthCare's math errors could cause 2,000 hospital layoffs statewide

 

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months