Ronald Blue Co. holds 17,465 shares of LifePoint Health after reducing its stake in the Brentwood, Tenn.-based hospital operator by 3.29 percent in the most recent quarter, according to a Securities and Exchange Commission filing.
The hedge fund's shares of LifePoint are valued at $1.06 million. LifePoint makes up about 0.04 percent of Ronald Blue's portfolio, according to Market Digest.
LifePoint reported revenue of $1.6 billion in the second quarter, up 25.3 percent from $1.3 billion in the same period of the year prior. After accounting for a sharp increase in expenses, LifePoint ended the second quarter with net income of $20.1 million, down 59.6 percent from $49.8 million in the same quarter of the year prior.
More articles on healthcare finance:
AHA asks judge to require HHS to resolve Medicare appeals backlog
This week's 5 must-reads for hospital CFOs
CFO roundtable: 3 finance leaders on clinical staffing, retention issues