LifePoint slips to $8.8M net loss as admissions decline

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Brentwood, Tenn.-based LifePoint Health saw revenues decline in the first quarter of 2018, and the for-profit hospital operator ended the period with a net loss.

LifePoint recorded revenues of $1.6 billion in the first quarter of 2018, down slightly from $1.63 billion in the same period a year earlier. The decline was due in part to LifePoint operating one less hospital in the first quarter of 2018 than in the same period of 2017. On a same-hospital basis, revenues climbed 0.4 percent year over year.

LifePoint's financials were affected by lower patient volume. The company said admissions, inpatient surgeries, outpatient surgeries and emergency room visits all declined year over year in the first quarter of 2018.

After factoring in operating expenses and one-time charges, LifePoint ended the first quarter of this year with a net loss attributable to the company of $8.8 million. That's compared to the first quarter of 2017, when the company posted net income of $59.9 million.  

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