Major for-profit hospital operators produced mixed results in the first quarter of 2016.
1. Franklin, Tenn.-based Community Health Systems reported revenues increased 1.8 percent year over year to nearly $5 billion in the first quarter of 2016. CHS ended the quarter with net income of $11 million, down 86 percent from $79 million in the same period of 2015.
2. Tenet Healthcare recorded revenue of $5 billion in the first quarter of 2016, up 14 percent from $4.4 billion in the same period the year prior. The Dallas-based hospital operator reported a net loss of $59 million in the first quarter, down from a net profit of $47 million in the same period of 2015.
3. King of Prussia, Pa.-based Universal Health Services recorded revenue of $2.5 billion in the first quarter 2016, up 10.1 percent from the year prior. UHS reported net income of $190.8 million in the first quarter of 2016, up from $174.3 million in the same quarter of 2015.
4. LifePoint Health saw revenue increase to nearly $1.6 billion in the first quarter of 2016, up 25.1 percent from revenue of $1.3 billion in the same period of 2015. The Brentwood, Tenn.-based hospital operator ended the first quarter with net income of $21.6 million, down 44.5 percent from the same period of the year prior.
5. Nashville, Tenn.-based HCA Holdings saw revenue increase to $10.2 billion in the first quarter of 2016, up 6 percent from $9.7 billion in the same period of 2015. HCA ended the first quarter with net income of $694 million, up 17.4 percent from $591 million in the same period of the year prior.
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