HMA Profits Up 22% Due to Increased Volumes

Health Management Associates experienced a 22 percent increase in profits for the second quarter of 2010, compared to the same quarter a year ago, due largely to growth in admissions, according to an HMA news release.
HMA reported a profit of $39.7 million for the quarter, up from $32.6 billion for the second quarter of 2009. Net revenue reached $1.25 billion, up ten percent from $1.13 billion for the year prior.

The growth in both revenue and profits can be attributed largely to growth in admissions at HMA's facilities. On a same-facility basis, admissions grew 5 percent compared to a year ago.

Read the release on HMA's second quarter financial results.

Read more coverage on HMA:

- HMA Acquires Majority Stake in Three Shands Hospitals
-
Health Management Associates Names Ann Barnhart Division President
-
Health Management Associates Names New CFO

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