Franklin, Tenn.-based Community Health Systems has announced its third-quarter 2010 results, with net operating revenues of $3.3 billion — a 5.4 percent increase over revenues of $3.1 billion for the third quarter of 2009, according to a CHS news release.
Net income attributable to CHS common stockholders increased 17.9 percent to $70.4 million for the three months ended Sept. 30, compared with $59.7 million for the same period in 2009.
The consolidated financial results reflect a 3 percent decrease in total admissions and a 0.2 percent decrease in total adjusted admissions compared with the same period in 2009. On a same-store basis, admissions decreased 3.6 percent and adjusted admissions decreased 1.3 percent, compared with the same period in 2009. The company attributed these declines to a challenging economic environment. However, on a same-store basis, net operating revenues increased 3.8 percent, compared with the same period in 2009.
Read the release on CHS earnings.
Read more coverage on CHS:
- CHS Submits Bid for Ohio's Forum Health
- CHS Withdraws Offer for North Carolina's Beaufort Regional
- Community Health Systems Offers $5M Bid for West Virginia's Bluefield Regional
Net income attributable to CHS common stockholders increased 17.9 percent to $70.4 million for the three months ended Sept. 30, compared with $59.7 million for the same period in 2009.
The consolidated financial results reflect a 3 percent decrease in total admissions and a 0.2 percent decrease in total adjusted admissions compared with the same period in 2009. On a same-store basis, admissions decreased 3.6 percent and adjusted admissions decreased 1.3 percent, compared with the same period in 2009. The company attributed these declines to a challenging economic environment. However, on a same-store basis, net operating revenues increased 3.8 percent, compared with the same period in 2009.
Read the release on CHS earnings.
Read more coverage on CHS:
- CHS Submits Bid for Ohio's Forum Health
- CHS Withdraws Offer for North Carolina's Beaufort Regional
- Community Health Systems Offers $5M Bid for West Virginia's Bluefield Regional