Leadership & Management

Here are quarterly earnings reports from six notable hospital operators.

Santa Ynez Valley Cottage Hospital in Solvang, Calif., has completed a $12.5 million renovation, according to a Santa Ynez Valley News report.

As Cleveland-based MetroHealth continues to face increased scrutiny over how it spends public funds, an editorial published in the Plain Dealer said the system will no longer be an institution “everyone love[s] unreservedly” and called for it to increase its…

Healthcare Finance Group, a specialty lender that provides secured debt financing to healthcare companies, has provided a $20 million revolving credit facility to Loma Linda University Medical Center-Murrieta (Calif.), according to a company release.

St. Joseph Hospital in Nashua, N.H., announced it will be closing its subsidiaries Rockingham Regional Ambulance and Granite State Mediquip, translating to a 10 percent reduction in the hospital's workforce, according to a Nashua Telegraph report.

Virginia (Minn.) Regional Medical Center is raking in a net profit of approximately $1 million for the first six months of 2011, according to a Northland's NewsCenter report.

Portneuf Medical Center in Pocatello, Idaho, is laying off close to 30 employees as part of a plan to consolidate its east campus, according to a Local News 8 report.

Dallas-based Tenet Healthcare Corp. has announced second quarter 2010 net operating revenue of $2.4 billion, up 3.1 percent from $2.3 billion in 2Q 2010.

King of Prussia, Pa.-based Universal Health Services announced its second quarter 2011 earnings, including net income attributable to UHS of $103.6 million, up nearly 58 percent from $65.6 million in the second quarter of 2010, according to a UHS news…

Franklin, Tenn.-based IASIS Healthcare announced its earnings for its third quarter ended June 30, 2011, announcing net revenues of $718.6 million, up 12.6 percent compared to $638 million the same quarter a year prior.