LifePoint Hospitals 2Q Revenue $877.6M, Up 11%

Brentwood, Tenn.-based LifePoint Hospitals announced its earnings for the second quarter ended June 30, 2011, posting an 11 percent increase in revenue to $877.6 million from $790.6 million over the same quarter last year.

The hospital operator also reported $40.3 million in net income attributable to LifePoint Hospitals for the quarter, indicating a 7.2 percent increase from $37.6 million in 2Q of last year.

William F. Carpenter III, chairman and CEO of LifePoint Hospitals, attributed the company's financial success to efficient operations and a focus on quality. "Our growth in revenue, EPS and EBITDA demonstrates the effectiveness of our strategies," he said. "We remain focused on operating effectively and efficiently through investments that improve the quality of patient care and attract the best physicians, and we are confident that our strategy continues to provide significant opportunity for value creation."

Mr. Carpenter also stated LifePoint Hospitals will continue to focus on acquisitions in faster growing markets, strategic partnerships and market power in smaller communities.

Read the company release about LifePoint Hospitals' earnings.

Related Articles on LifePoint Hospitals:

Dr. Mary Margaret Huizinga Named LifePoint Hospitals' Vice President of Quality
Tennessee's LifePoint to Repurchase Stocks Under Rule 10b5-1
Duke, LifePoint Joint Venture to Acquire North Carolina's Person Memorial Hospital

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