Community Health 4Q Profits Higher than Expected

Community Health Systems, a leading operator of acute care hospitals, announced a fourth-quarter profit, according to a Community Health news release.

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The company’s net income increased to $59.9 million during the fourth quarter. Comparatively, the company lost $88.3 million in the fourth quarter of 2007.

In 2008, the company earned $218.3 million compared with a profit of $30.3 million in 2007. Revenue increased by 53 percent to $10.84 billion from $7.06 billion in 2007.

Read about Community Health’s earnings.

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