HMA expects $1.35 billion in net revenue in the fourth quarter of 2010, for a total of $5.11 billion for all of 2010.
The Naples, Fla.-based company exceeded expectations in 2010 by staying focused on operating initiatives and applying strong cost management, President and CEO Gary Newsome said. He added that the company has “a very active acquisition pipeline” in the future.
In 2011, HMA expects $5.7 billion to $5.9 billion in net revenue, a 0-2 percent growth in same-hospital admissions, a 12-13 percent provision for doubtful accounts and $780 million to $810 million in adjusted EBITDA.
Through its subsidiaries, HMA owns and operates 59 hospitals with 8,800 licensed beds in non-urban communities throughout the country.
Read the release on Health Management Associates.
Read more coverage of Health Management Associates:
– HMA Completes Sale of Riley Hospital in Mississippi
– Health Management Reports 13.3% Net Revenue Increase in Q3
– Health Management Associates Completes Acquisition of Florida’s Wuesthoff Health
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