King of Prussia, Pa.-based Universal Health Services reported a positive second quarter, as net income rose 3.8 percent year-over-year from $103.6 million in 2011 to $107.6 million this year.
Net revenue in the second quarter of 2012 grew slightly at 1 percent, totaling $1.73 billion. EBITDA in the second quarter totaled $293.5 million, up from $291.1 million last year.
For the first six months ended June 30, 2012, UHS' net income totaled $236.2 million — an 8.4 percent increase from $217.8 million recorded in the first six months of 2011. Net revenue over the first six months has also held steady. It grew 2.5 percent from $3.44 billion last year to $3.53 billion this year.
UHS owns or operates 193 hospitals and behavioral health facilities across the United States, with behavioral health comprising most of its business.
Of the 20 acute-care hospitals it owns, adjusted admissions fell 1.3 percent in the second quarter ended June 30. Revenue per adjusted admission dropped 0.9 percent, while total admissions fell 4.3 percent.
Net revenue in the second quarter of 2012 grew slightly at 1 percent, totaling $1.73 billion. EBITDA in the second quarter totaled $293.5 million, up from $291.1 million last year.
For the first six months ended June 30, 2012, UHS' net income totaled $236.2 million — an 8.4 percent increase from $217.8 million recorded in the first six months of 2011. Net revenue over the first six months has also held steady. It grew 2.5 percent from $3.44 billion last year to $3.53 billion this year.
UHS owns or operates 193 hospitals and behavioral health facilities across the United States, with behavioral health comprising most of its business.
Of the 20 acute-care hospitals it owns, adjusted admissions fell 1.3 percent in the second quarter ended June 30. Revenue per adjusted admission dropped 0.9 percent, while total admissions fell 4.3 percent.
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