Earnings Results, Upcoming Conferences, and Strategic Partnerships - Analyst Notes on LifePoint, HCA, Community Health Systems, Tenet and UHS
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NEW YORK, May 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding LifePoint Hospitals Inc. (NASDAQ: LPNT), HCA Holdings, Inc. (NYSE: HCA), Community Health Systems, Inc. (NYSE: CYH), Tenet Healthcare Corp. (NYSE: THC) and Universal Health Services Inc. (NYSE: UHS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2351-100free.
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LifePoint Hospitals Inc. Analyst Notes
On April 25, 2014, LifePoint Hospitals Inc. (LifePoint) reported its Q1 2014 financial results with revenues from continuing operations of $1.0 billion, up 8.2% YoY. Income from continuing operations attributable to LifePoint's stockholders totaled $37.1 million, or $0.78 per diluted share, compared with $32.3 million, or $0.69 per diluted share in Q1 2013. Commenting on the results, William F. Carpenter III, Chairman and CEO of LifePoint, said, "We had a good start to 2014, with over $1 billion in revenues driven by our disciplined growth strategy. Medicaid expansion and insurance exchange enrollment are each yielding participation rates at the high end of our reform estimates, and we are well positioned to capitalize on these trends moving forward." The full analyst notes on LifePoint are available to download free of charge at:
http://www.analystsreview.com/2351-LPNT-13May2014.pdf
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HCA Holdings, Inc. Analyst Notes
On May 2, 2014, HCA Holdings, Inc. (HCA) announced that it will be presenting at the Bank of America Merrill Lynch Healthcare Conference on May 14, 2014. The presentation has been scheduled at 3:40 p.m. PDT at the Wynn in Las Vegas, NV. The Company will also be presenting at the UBS Healthcare Conference on May 20, 2014 at 2:30 p.m. EST which will be held at the Sheraton New York Hotel in New York, NY. A live audio webcast and copies related presentation materials will be made available at the Investor Relations section of the Company's website. The full analyst notes on HCA are available to download free of charge at:
http://www.analystsreview.com/2351-HCA-13May2014.pdf
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Community Health Systems, Inc. Analyst Notes
On May 6, 2014, Community Health Systems, Inc. (Community Health Systems) reported its Q1 2014 financial results. Net operating revenues for the quarter totaled $4.2 billion, a rise of 28.1% YoY. However, the Company witnessed its income from continuing operations of $98 million, or $0.88 per diluted share in Q1 2013 to fall to a loss of $78 million, or $0.86 per diluted share in Q1 2014. Adjusted EBITDA came in at $485 million compared to $495 million in Q1 2013. Wayne T. Smith, Chairman and CEO of Community Health Systems said, "We are pleased with our accomplishments for the first quarter of 2014 during what has been a challenging, yet significant period for Community Health Systems." He further continued, "We continue to focus on our volume trends and expense management in this evolving healthcare environment." The full analyst notes on Community Health Systems are available to download free of charge at:
http://www.analystsreview.com/2351-CYH-13May2014.pdf
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Tenet Healthcare Corp. Analyst Notes
On May 6, 2014, Tenet Healthcare Corp. (Tenet) announced that it has partnered with Texas Tech University Health Sciences Center at El Paso (TTUHSC) in developing a new teaching hospital and an 110,000 square foot medical office building in west El Paso. "We are proud to expand our El Paso network to include educating the next generation of healthcare professionals, many of whom we hope will choose to remain in the region after their training," said Trevor Fetter, President and CEO of Tenet Healthcare. "With today's announcement, Tenet's recently completed and planned investments in the community will exceed $550 million over a 10 year period, and we are pleased to continue our commitment to the health and wellbeing of this important region." The Company informed that the construction on the new teaching hospital is scheduled to begin in 2014 and be completed in the fall of 2016. The full analyst notes on Tenet are available to download free of charge at:
http://www.analystsreview.com/2351-THC-13May2014.pdf
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Universal Health Services Inc. Analyst Notes
On April 24, 2014, Universal Health Services, Inc. (UHS) reported its Q1 2014 financial results with net income attributable to UHS of $138.1 million, or $1.38 per diluted share. This compares to net income attributable to UHS of $119.8 million, or $1.21 per diluted share in Q1 2013. Net revenues totaled $1.9 billion, up 4.8% YoY. The Company also announced that it has completed the acquisition of the Psychiatric Institute of Washington (PIW) - a behavioral health care facility and outpatient treatment center located in the District of Columbia. Also, as a part of this transaction, the Company has acquired Arbor Group, L.L.C., which operates three management contracts covering 66 beds in the Washington, D.C. and Maryland market. "The acquisition of PIW complements our 371-bed George Washington University Hospital and further strengthens our presence and commitment to this very important market," said Alan B. Miller, CEO of UHS. The full analyst notes on UHS are available to download free of charge at:
http://www.analystsreview.com/2351-UHS-13May2014.pdf
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