9 Big For-Profit Hospital Companies Announce $600M in Quarterly Earnings

Nine of the largest for-profit hospital operators reported quarterly earnings over the past month. Seven of the nine companies recorded second-quarter earnings for fiscal year 2013. Vanguard Health Systems posted fourth-quarter and year-end results for FY 2013, and IASIS Healthcare posted third-quarter financials for FY 2013.

In the quarter ended June 30, the big nine hospital companies recorded a cumulative profit of $600.6 million — a $73 million increase from the quarter ended March 31. They also posted more than $20.6 billion in quarterly revenue in the most recent quarter.

Read the full article on Becker's Hospital Review.

© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New From Becker's ASC Review

Can device company-ASC collaboration help offset the effects of declining reimbursements?

Read Now