Brentwood, Tenn.-based LifePoint Health saw revenues decline in the fourth quarter of 2017, and the company ended the period with a net loss.
LifePoint recorded revenues of $1.5 billion in the fourth quarter of 2017, down slightly from $1.6 billion in the same period of the year prior.
LifePoint's financials were affected by lower patient volume. The company said admissions, inpatient surgeries, outpatient surgeries and emergency room visits all declined year over year in the fourth quarter of 2017.
After factoring in expenses, LifePoint ended the fourth quarter of 2017 with a net loss of $27.5 million. That's compared to the fourth quarter of 2016, when the company posted net income of $43.9 million.
The company's fourth-quarter financials included aggregate impairment charges of $43.2 million, $4.8 million in severance costs, and other nonoperational adjustments.
"Our fourth quarter financial performance, on a normalized basis, was in line with our expectations," said LifePoint Chairman and CEO William F. Carpenter III. "Looking ahead to 2018, we are focused on driving margin improvement across all hospitals, particularly in those recently acquired where we have significant opportunity, maintaining our operating discipline and effectively managing costs and utilizing our financial strength to return capital to shareholders."
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