Eight of the largest for-profit hospital operators reported quarterly earnings over the past month. Six of the eight companies recorded first quarter earnings for fiscal year 2012. Vanguard Health Systems posted third quarter results for FY 2012, and IASIS Healthcare reported second quarter results for FY 2012. Here are the quarterly financials of all eight hospital companies, starting with the most recent.
1. Net income at Franklin, Tenn.-based IASIS Healthcare fell 34 percent to $11.2 million in the second quarter of its 2012 fiscal year, which came on the heels of an 88 percent drop in profit in IASIS's first quarter.
2. First quarter net income at Dallas-based Tenet Healthcare totaled $58 million, a 20.5 percent decrease from the $73 million profit it recorded in the first quarter of 2011.
3. Hospital Corporation of America, based in Nashville, Tenn., reported profit of $540 million for the first quarter of fiscal year 2012 — more than double the $240 million from the first quarter of 2011 thanks to a previously announced settlement with CMS and increased patient volumes.
4. Nashville, Tenn.-based Vanguard Health Systems witnessed a boost in its quarterly earnings report thanks to the recent industry-wide settlement with HHS and CMS. Vanguard's net income in the third quarter ended March 31, 2012, was $44 million, a significant increase over the $2.8 million of profit it recorded in the third quarter of last year.
5. Profit at Franklin, Tenn.-based Community Health Systems in the first quarter jumped 23 percent — from $61.3 million in 2011 to $75.5 million this year — thanks in part to higher admissions and $102 million of net operating revenue from the industry-wide settlement with HHS.
6. Brentwood, Tenn.-based LifePoint Hospitals recorded profit of $56.1 million in the first quarter of 2012, a 22 percent upsurge from the $46.1 million profit recorded in the first quarter of 2011.
7. Universal Health Services, based in King of Prussia, Pa., continued its positive quarterly earnings reports as it recorded $128.6 million in net income in the three months ended March 31, 2012 — an increase of 12.6 percent from the $114.2 million profit in 2011.
8. After four straight quarters of year-over-year profit increases, Naples, Fla.-based Health Management Associates posted a 32 percent drop in net income in the first quarter ended March 31, 2012. It recorded $37.7 million in profit, down from $55.5 million in the first quarter of fiscal year 2011, and the decrease resulted from higher expenses and some investment losses.
1. Net income at Franklin, Tenn.-based IASIS Healthcare fell 34 percent to $11.2 million in the second quarter of its 2012 fiscal year, which came on the heels of an 88 percent drop in profit in IASIS's first quarter.
2. First quarter net income at Dallas-based Tenet Healthcare totaled $58 million, a 20.5 percent decrease from the $73 million profit it recorded in the first quarter of 2011.
3. Hospital Corporation of America, based in Nashville, Tenn., reported profit of $540 million for the first quarter of fiscal year 2012 — more than double the $240 million from the first quarter of 2011 thanks to a previously announced settlement with CMS and increased patient volumes.
4. Nashville, Tenn.-based Vanguard Health Systems witnessed a boost in its quarterly earnings report thanks to the recent industry-wide settlement with HHS and CMS. Vanguard's net income in the third quarter ended March 31, 2012, was $44 million, a significant increase over the $2.8 million of profit it recorded in the third quarter of last year.
5. Profit at Franklin, Tenn.-based Community Health Systems in the first quarter jumped 23 percent — from $61.3 million in 2011 to $75.5 million this year — thanks in part to higher admissions and $102 million of net operating revenue from the industry-wide settlement with HHS.
6. Brentwood, Tenn.-based LifePoint Hospitals recorded profit of $56.1 million in the first quarter of 2012, a 22 percent upsurge from the $46.1 million profit recorded in the first quarter of 2011.
7. Universal Health Services, based in King of Prussia, Pa., continued its positive quarterly earnings reports as it recorded $128.6 million in net income in the three months ended March 31, 2012 — an increase of 12.6 percent from the $114.2 million profit in 2011.
8. After four straight quarters of year-over-year profit increases, Naples, Fla.-based Health Management Associates posted a 32 percent drop in net income in the first quarter ended March 31, 2012. It recorded $37.7 million in profit, down from $55.5 million in the first quarter of fiscal year 2011, and the decrease resulted from higher expenses and some investment losses.
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