Intelligence Unit
Special Reports
Special Events
Subscribe
Sponsored
Departments
- Leadership
- Finance
- Technology
- Physicians
- Community Hospitals
- Health Plans
- Marketing
- Quality
- Nursing
- HR
Follow Us
LifePoint Hospitals third quarter net tumbles 60% on planned sales
Wall Street Journal (subscription required), November 7, 2008
Brentwood, TN-based LifePoint Hospitals Inc.’s third-quarter net income slid 60% on charges related to the planned sale of two hospitals, though revenue rose and the hospital operator reduced bad-debt levels. President and Chief Executive William F. Carpenter III said LifePoint remains "well positioned with a strong balance sheet, ample liquidity and moderate leverage," as the company expands, improves services, and recruits more physicians. LifePoint reported net income of $11.4 million, or 22 cents a share, down from $28.2 million, or 49 cents a share, a year earlier.
Most Viewed
Most Emailed
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- Don't Let Nurses Sink Your Bottom Line
- Fortunately, Angelina Jolie Isn't On Medicare
- Hospitals Profit On Bloodstream Infections
- Less Blood Testing for Some Surgeries Safe, Cost Effective
- How Chargemaster Data May Affect Hospital Revenue
- Primary Care Docs Average More Hospital Revenue Than Specialists
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Lower ED Margins Demand a Better Strategy
- ED Physicians Key to Half of Hospital Admissions
