CHS reported a third-quarter income of $59.7 million, up from $50.4 million reported for the same period last year. Revenue was $3.1 billion, up $2.75 billion reported last year, according to the release.
CHS also reported a 3.5 percent increase in total admissions compared with the nine months ending Sept. 30, 2008, due primarily to acquisitions during the past twelve months. On a same-store basis, admissions decreased 1.9 percent, and adjusted admissions increased 0.4 percent, compared with the same period in 2008, and net operating revenues increased 5.4 percent, compared with the same period in 2008.
“We are pleased with our solid financial and operating performance in the third quarter of 2009, as we again exceeded expectations. We continued to benefit from a consistent performance at the hospital level, as evidenced by favorable revenue trends and same-store margin expansion. These results confirm that the fundamentals of our business are strong and our centralized operating strategy is working across all of our markets,” Wayne T. Smith, chairman, president and CEO of CHS, said in the release.
Read the release on CHS’s third-quarter earnings.
