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US Community Health reports USD62.6m profit in Q4  Join our daily free Newsletter

MENAFN - 23/02/2013

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(MENAFN) Tennessee-based Community Health Systems Inc. said its fourth quarter earnings doubled from a year earlier, when the hospital operator was hurt by the early retirement of some debt, AP reported.

The company said it made USD62.6 million net profit during the last quarter of 2012, up from USD30.9 million a year earlier, when one-time items, including the USD66 million loss in 2011 from retiring debt early, were excluded.

The company also reported a 9 percent increase in quarterly revenue to USD3.76 billion from a year ago.

For full-2012, the company reported USD265.6 million profits on the back of nearly USD15 billion revenue.

The company owns, leases or operates 135 hospitals in 29 states, or four more hospitals than it had at the end of 2011. Admissions at hospitals open at least a year rose 1 percent.

 






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