The five major for-profit hospital operators have released their financial results for the first quarter of fiscal 2015.
1. Community Health Systems continues to benefit from HMA acquisition, posts Q1 profit
Franklin, Tenn.-based Community Health Systems reported a profit of $79 million on $4.9 billion in revenue for the first quarter of fiscal 2015, up from a $112 million net loss on $4.2 billion in revenue for the same period of fiscal 2014.
2. Tenet swings to profit; Conifer revenues up
Dallas-based Tenet Healthcare posted a profit of $47 million on $4.4 billion in revenue for the first quarter of fiscal 2015, compared with a $32 million loss on $3.9 billion in revenue for the same period of the year prior.
3. UHS net income jumps 26.2% in Q1
King of Prussia, Pa.-based Universal Health Services reported a profit of $174.3 million on $2.2 billion in revenue for the first quarter of fiscal 2015, up from a profit of $138.1 million on $1.9 billion in revenue for the comparable period of fiscal 2014.
4. LifePoint profit increases on higher admissions
Brentwood, Tenn.-based LifePoint Hospitals posted a profit of $38.9 million on $1.3 billion in revenue for the first quarter of fiscal 2015, compared to a profit of $37.1 million on $1 billion in revenue for the same period of the previous year.
5. HCA profit jumps 70% in Q1
Nashville, Tenn.-based HCA Holdings posted a profit of $591 million on $9.7 billion in revenue for the first quarter of fiscal 2015, up from a profit of $347 million on $8.8 billion in revenue for the comparable period of fiscal 2014.
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