Midstate hospital owner Health Management previews Q4 results
Health Management Associates Inc., the Florida-based owner of hospitals in Cumberland and Lancaster counties, said it expects to post fourth-quarter net revenue of nearly $1.5 billion, and adjusted earnings of between $253 million and $260 million from continuing operations.
“Our preliminary 2012 results reflect an ongoing difficult economic backdrop,” Health Management President and CEO Gary Newsome said in a statement. “However, by continuing to focus on delivering high quality care, while maintaining strong fiscal discipline, we achieved solid same hospital results for the quarter and the year.”
HMA’s earnings before taxes, depreciation and amortization are projected to be 13 percent to 17 percent higher than actual earnings from a year ago, according to the company.
Earnings per diluted share are projected to be between 19 cents and 21 cents, up slightly from a year ago, according to HMA.
A full look at the company’s projections for the quarter, year and 2013 can be found here.