Health Management Associates experienced a 22 percent increase in profits for the second quarter of 2010, compared to the same quarter a year ago, due largely to growth in admissions, according to an HMA news release.
HMA reported a profit of $39.7 million for the quarter, up from $32.6 billion for the second quarter of 2009. Net revenue reached $1.25 billion, up ten percent from $1.13 billion for the year prior.
The growth in both revenue and profits can be attributed largely to growth in admissions at HMA's facilities. On a same-facility basis, admissions grew 5 percent compared to a year ago.
Read the release on HMA's second quarter financial results.
Read more coverage on HMA:
- HMA Acquires Majority Stake in Three Shands Hospitals
- Health Management Associates Names Ann Barnhart Division President
- Health Management Associates Names New CFO
HMA reported a profit of $39.7 million for the quarter, up from $32.6 billion for the second quarter of 2009. Net revenue reached $1.25 billion, up ten percent from $1.13 billion for the year prior.
The growth in both revenue and profits can be attributed largely to growth in admissions at HMA's facilities. On a same-facility basis, admissions grew 5 percent compared to a year ago.
Read the release on HMA's second quarter financial results.
Read more coverage on HMA:
- HMA Acquires Majority Stake in Three Shands Hospitals
- Health Management Associates Names Ann Barnhart Division President
- Health Management Associates Names New CFO