Franklin, Tenn.-based IASIS Healthcare has announced financial results for its second quarter ended March 31, reporting an 8.6 percent increase in net revenue, according to an IASIS news release.
Net revenue for the second quarter totaled $678.4 million, up from $624.5 million in the prior year quarter.
Net earnings attributable to IASIS totaled $17.03 million, down 15.2 percent from $20.08 million in the prior year quarter.
In the second quarter, admissions and adjusted admissions increased 7 percent percent and 10.8 percent, respectively, compared to the prior year quarter, while net patient revenue per adjusted admission increased 0.5 percent.
However, on a same-facility basis, excluding the impact of the Brim Holdings acquisition, admissions declined 0.9 percent, while adjusted admissions increased 2.0 percent, each compared to the prior year quarter.
Read the release on IASIS.
Related articles on IASIS:
IASIS Acquires 79% Ownership Interest in Houston's St. Joseph Medical Center
IASIS Issues $2.17B in New Debt
Net revenue for the second quarter totaled $678.4 million, up from $624.5 million in the prior year quarter.
Net earnings attributable to IASIS totaled $17.03 million, down 15.2 percent from $20.08 million in the prior year quarter.
In the second quarter, admissions and adjusted admissions increased 7 percent percent and 10.8 percent, respectively, compared to the prior year quarter, while net patient revenue per adjusted admission increased 0.5 percent.
However, on a same-facility basis, excluding the impact of the Brim Holdings acquisition, admissions declined 0.9 percent, while adjusted admissions increased 2.0 percent, each compared to the prior year quarter.
Read the release on IASIS.
Related articles on IASIS:
IASIS Acquires 79% Ownership Interest in Houston's St. Joseph Medical Center
IASIS Issues $2.17B in New Debt