King of Prussia, Pa.-based Universal Health Services raised its earnings guidance for 2015 after reporting strong financial and operating results for the second quarter of fiscal year 2015.
Here are five things to know about the for-profit hospital operator's second-quarter finances.
1. UHS reported net revenues of $2.28 billion for the second quarter of FY 2015, up 10.9 percent from revenues of $2.05 billion in the same period of last year.
2. Net income attributable to UHS totaled $182.2 million for the second quarter of this year, up from $151.7 million for the same period of 2014.
3. When adjusted for outpatient activity, admissions at UHS' facilities increased 5.7 percent during the second quarter of FY 2015 as compared to the same period of last year.
4. Net revenue per adjusted admission increased 3.2 percent during the second quarter of this year as compared to the same period of 2014.
5. Based on its operating trends and financial results during the first half of 2015, UHS increased it estimated range of adjusted net income to $6.75 to $7.15 per diluted share for the full year.
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