For-profit hospitals recorded weak volumes in the second quarter of fiscal year 2012, but there was a "tepid recovery" of those volumes in the fourth quarter, according to a report from Fitch Ratings.
Despite a boost in the past quarter, same-hospital admissions at for-profit hospitals dropped 1 percent in 2012 compared with 2011. However, adjusted admissions increased 1.5 percent, the strongest gain since 2009, according to Fitch analysts.
Here are 56 financial statistics of eight of the largest for-profit hospital chains from the Fitch Ratings report, updated from six months ago. Note: All statistics are as of Dec. 31, 2012.
Hospital Corporation of America (Nashville, Tenn.) — 162 hospitals
Issuer default rating: B+
Total debt: $26.41 billion
Total liquidity: $3.67 billion
EBITDA in the past 12 months: $6.59 billion
Net revenue in the past 12 months: $33.01 billion
Same-hospital net revenue in the fourth quarter of 2012: 5.6 percent increase
Same-hospital admissions in the fourth quarter of 2012: 4.3 percent increase
Community Health Systems (Franklin, Tenn.) — 135 hospitals
Issuer default rating: B+
Total debt: $9.24 billion
Total liquidity: $1.1 billion
EBITDA in the past 12 months: $1.98 billion
Net revenue in the past 12 months: $13.03 billion
Same-hospital net revenue in the fourth quarter of 2012: 5.5 percent increase
Same-hospital admissions in the fourth quarter of 2012: 1 percent increase
Health Management Associates (Naples, Fla.) — 71 hospitals
Issuer default rating: BB-
Total debt: $3.57 billion
Total liquidity: $505.7 million
EBITDA in the past 12 months: $999.8 million
Net revenue in the past 12 months: $5.88 billion
Same-hospital net revenue in the fourth quarter of 2012: 5.1 percent increase
Same-hospital admissions in the fourth quarter of 2012: 4.7 percent decrease
LifePoint Hospitals (Brentwood, Tenn.) — 52 hospitals
Issuer default rating: BB
Total debt: $1.74 billion
Total liquidity: $320.2 million
EBITDA in the past 12 months: $573 million
Net revenue in the past 12 months: $3.39 billion
Same-hospital net revenue in the fourth quarter of 2012: 0.5 percent increase
Same-hospital admissions in the fourth quarter of 2012: 4 percent decrease
Tenet Healthcare (Dallas) — 49 hospitals
Issuer default rating: B
Total debt: $5.37 billion
Total liquidity: $1.01 billion
EBITDA in the past 12 months: $1.24 billion
Net revenue in the past 12 months: $9.12 billion
Same-hospital net revenue in the fourth quarter of 2012: 7.3 percent increase
Same-hospital admissions in the fourth quarter of 2012: 0 percent increase
Vanguard Health Systems (Nashville, Tenn.) — 28 hospitals
Issuer default rating: B+
Total debt: $2.56 billion
Total liquidity: $685 million
EBITDA in the past 12 months: $585.8 million
Net revenue in the past 12 months: $6.03 billion
Same-hospital net revenue in the fourth quarter of 2012: 2.5 percent increase
Same-hospital discharges in the fourth quarter of 2012: 1.4 percent decrease
Universal Health Services (Nashville, Tenn.) — 23 hospitals
Note: UHS has 197 behavioral hospitals in addition to the 23 acute-care hospitals
Issuer default rating: BB
Total debt: $3.5 billion
Total liquidity: $624 million
EBITDA in the past 12 months: $1.31 billion
Net revenue in the past 12 months: $6.96 billion
Same-hospital net revenue in the fourth quarter of 2012: 3.1 percent increase
Same-hospital admissions in the fourth quarter of 2012: 0.6 percent increase
IASIS Healthcare (Franklin, Tenn.) — 19 hospitals
Issuer default rating: N/A
Total debt: $1.87 billion
Total liquidity: $234.7 million
EBITDA in the past 12 months: $294.2 million
Net revenue in the past 12 months: $2.55 billion
Same-hospital net revenue in the fourth quarter of 2012: N/A
Same-hospital admissions in the fourth quarter of 2012: 0.4 percent decrease
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