Universal Health Services Announces First Quarter Results, 7% Increase in Net Income

King of Prussia, Pa.-based Universal Health Services has announced its first quarter 2010 financial results, including net income of $71.8 million, an increase of 7 percent compared to first quarter 2009, according to a UHS news release.

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Net revenues increased 3 percent to $1.35 billion during the quarter as compared to $1.31 billion during the first quarter of 2009, and UHS’s operating margin increased 0.1 percent.

These increases were attributable in part to a 1.8 percent increase in same-facility admissions as well as a 0.6 percent increase in adjusted patient days for the quarter compared to the same quarter a year prior. Net revenues at these facilities also increased 3.1 percent during the first quarter of 2010 as compared to the comparable quarter of the prior year. At these facilities, net revenue per adjusted admission increased 1.3 percent while net revenue per adjusted patient day increased 2.5 percent during the first quarter of 2010 as compared to the comparable quarter of the prior year.

Read the release on the UHS financial results.

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