Feb 19 2010
LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced results for the
fourth quarter and year ended December 31, 2009.
For the fourth quarter ended December 31, 2009, revenues from continuing
operations were $746.9 million, up 10.7% from $674.9 million for the
same period a year ago. Income from continuing operations attributable
to LifePoint Hospitals, Inc. for the fourth quarter ended December 31,
2009, increased 26.5% to $38.6 million, or $0.71 per diluted share,
compared with income from continuing operations attributable to
LifePoint Hospitals, Inc. of $30.4 million, or $0.58 per diluted share,
for the same period last year. Net income attributable to LifePoint
Hospitals, Inc. for the fourth quarter ended December 31, 2009, was
$38.0 million, or $0.70 per diluted share, compared with $28.0 million,
or $0.53 per diluted share, for the same period last year.
For the year ended December 31, 2009, revenues from continuing
operations were $3.0 billion, up 9.7% from $2.7 billion for the prior
year. Income from continuing operations attributable to LifePoint
Hospitals, Inc. for the year ended December 31, 2009, increased 9.8% to
$139.2 million, or $2.59 per diluted share, compared with $126.7
million, or $2.37 per diluted share, for the prior year. Net income
attributable to LifePoint Hospitals, Inc. for the year ended December
31, 2009, was $134.1 million, or $2.49 per diluted share, compared with
$103.0 million, or $1.93 per diluted share, for the prior year.
In commenting on the results, William F. Carpenter III, president and
chief executive officer of LifePoint Hospitals, said, “We are pleased
with the Company’s performance in the fourth quarter and throughout
2009. Although much has changed in the world since our inception ten
years ago, LifePoint has remained committed to implementing strategies
designed to achieve value for our shareholders. Our success is a tribute
to our dedicated employees, our physicians and our patients and
neighbors in the 47 communities in which we operate.
“Despite headwinds that affected our entire industry, we achieved strong
financial results in 2009. We executed on a number of strategic
initiatives throughout the year that were designed to drive growth in
spite of the challenges we faced. As a result of our efforts, we set
records for physician recruiting and retention, measurably improved
quality, expanded services, completed a major acquisition and increased
market share. We also maintained a keen focus on financial discipline,
which will enable us to enter our second decade with a strong balance
sheet, excellent liquidity and relatively low debt. As a result, we can
continue to make investments to grow both organically and through
acquisitions. We are excited about our company and its bright future.”
SOURCE LifePoint Hospitals