LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced results for the first quarter ended March 31, 2011.
For the first quarter ended March 31, 2011, revenues from continuing operations were $888.6 million, up 13.0% from $786.2 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the first quarter ended March 31, 2011, increased 5.8% to $45.8 million, or $0.89 per diluted share, compared with income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders of $43.3 million, or $0.80 per diluted share, for the same period last year. Net income attributable to LifePoint Hospitals, Inc. stockholders for the first quarter ended March 31, 2011, was $46.1 million, or $0.89 per diluted share, compared with $42.9 million, or $0.79 per diluted share, for the same period last year.
In commenting on the results, William F. Carpenter III, chairman and chief executive officer of LifePoint Hospitals, said, "Our strong first quarter results are a good start to the year and demonstrate the effectiveness of the strategies we have been implementing over the last several years. We saw improved volume in our markets as we successfully managed our cost base and integrated new hospitals into our system. As a result, we had strong growth in EPS and EBITDA. Our acquisition pipeline remains active and our capital structure gives us the flexibility to continue investing in our hospitals and to pursue strategic acquisitions that meet our criteria."