Here are 49 financial statistics of seven of those for-profit hospital chains from the Fitch Ratings report (pdf). Note: All statistics are as of June 30, 2012.
Hospital Corporation of America (Nashville, Tenn.) — 163 hospitals
Issuer default rating: B+
Total debt: $25.59 billion
Total liquidity: $3.62 billion
EBITDA in the past 12 months: $6.48 billion
Net revenue in the past 12 months: $32.94 billion
Same-hospital net revenue in the second quarter of 2012: 3.8 percent increase
Same-hospital admissions in the second quarter of 2012: 2.5 percent increase
Community Health Systems (Franklin, Tenn.) — 134 hospitals
Issuer default rating: B+
Total debt: $9.31 billion
Total liquidity: $822.4 million
EBITDA in the past 12 months: $1.93 billion
Net revenue in the past 12 months: $13.3 billion
Same-hospital net revenue in the second quarter of 2012: 4.5 percent increase
Same-hospital admissions in the second quarter of 2012: 2 percent decrease
Health Management Associates (Naples, Fla.) — 70 hospitals
Issuer default rating: BB-
Total debt: $3.59 billion
Total liquidity: $605.8 million
EBITDA in the past 12 months: $915.5 million
Net revenue in the past 12 months: $5.93 billion
Same-hospital net revenue in the second quarter of 2012: 6.1 percent increase
Same-hospital admissions in the second quarter of 2012: 4 percent decrease
LifePoint Hospitals (Brentwood, Tenn.) — 55 hospitals
Issuer default rating: BB
Total debt: $1.66 billion
Total liquidity: $492.3 million
EBITDA in the past 12 months: $557.4 million
Net revenue in the past 12 months: $3.46 billion
Same-hospital net revenue in the second quarter of 2012: 3.56 percent increase
Same-hospital admissions in the second quarter of 2012: 6.4 percent decrease
Tenet Healthcare (Dallas) — 49 hospitals
Issuer default rating: B
Total debt: $4.87 billion
Total liquidity: $527 million
EBITDA in the past 12 months: $1.12 billion
Net revenue in the past 12 months: $9.37 billion
Same-hospital net revenue in the second quarter of 2012: 6.24 percent increase
Same-hospital admissions in the second quarter of 2012: 0.4 percent decrease
Vanguard Health Systems (Nashville, Tenn.) — 28 hospitals
Issuer default rating: N/A
Total debt: $2.7 billion
Total liquidity: $788.5 million
EBITDA in the past 12 months: $547.5 million
Net revenue in the past 12 months: $5.95 billion
Same-hospital net revenue in the second quarter of 2012: 0.1 percent increase
Same-hospital discharges in the second quarter of 2012: 1.5 percent decrease
Note: Same-hospital admissions not included.
Universal Health Services (King of Prussia, Pa.) — 25 hospitals
Note: UHS has 194 behavioral hospitals in addition to the 25 acute-care hospitals
Issuer default rating: BB
Total debt: $3.25 billion
Total liquidity: $700.9 million
EBITDA in the past 12 months: $1.22 billion
Net revenue in the past 12 months: $7.24 billion
Same-hospital net revenue in the second quarter of 2012: 2.24 percent decrease
Same-hospital admissions in the second quarter of 2012: 4.3 percent decrease
More Articles on For-Profit Hospital Operators:
Fitch: Drop in 2Q Admissions Didn’t Hinder For-Profit Hospital Revenue
Report: For-Profit Hospital EBITDA Will Climb 2% if Obama Wins Re-Election
HCA Shareholders Allege Bain Capital, Other Private Equity Firms Colluded in Buyout
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