For-profit hospital operator Health Management Associates reported net income of $46.9 million for the first quarter, up from about $46 million in the year-ago quarter, according to a company news release.
HMA's net revenue for the quarter rose to $1.3 billion, up from $1.16 billion in the 2009 quarter. Admissions from continuing operations grew 4.5 percent.
Prospects for acquisitions look promising, Gary D. Newsome, HMA's president and CEO, said in the release. HMA currently operates 55 U.S. hospitals.
Read the Health Management Associates news release on earnings.