LifePoint Hospitals Reports 1.9% Drop in Q4 Profit

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.

Advertisement

For the three months ended Dec. 31, LifePoint’s revenue increased 6.6 percent year-over-year to $952.6 million, while adjusted EBITDA rose 10.1 percent to $148.5 million. However, admissions declined 7.6 percent in the fourth quarter. Inpatient surgeries decreased by 6.4 percent, although outpatient surgeries were up by 4.3 percent.

For the year ended Dec. 31, LifePoint posted $128.2 million of profit, a 23.7 percent drop from $151.9 million in 2012. Revenue, however, increased 8.4 percent to nearly $3.68 billion. Admissions fell 5.3 percent in 2013, and inpatient surgeries dropped 7.2 percent. Outpatient surgeries also fell by 0.4 percent.

More Articles on LifePoint Hospitals:
For-Profit Hospital Stock Report: Week of Feb. 3-7, 2014  
LifePoint Names Jennifer Peters Chief Operations Counsel
LifePoint Hospitals Appoints Two CEOs 

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.