HealthSouth reports strong growth in Q2

HealthSouth Corp. in Birmingham, Ala., has reported operating revenues of $604.4 million for the second quarter of 2014 — a 7.1 percent increase over the $564.5 in operating revenues it reported for the same quarter in 2013.

The increase was attributable to a 3 percent increase in patient discharges and a 4.9 percent increase in net patient revenue per discharge.

HealthSouth's adjusted free cash flow for the second quarter grew to $97.9 million from $72.5 million for the second quarter of 2013.

Based on HealthSouth's results for the first half of 2014, the company raised its 2014 adjusted EBITDA guidance to a range of $570 million to $580 million from a range of $555 million to $565 million.

More articles on Q2 reports:

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Sovaldi generates $3.48B in Q2 sales