LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced results for the second quarter and six months ended June 30, 2011.
For the second quarter ended June 30, 2011, revenues from continuing operations were $877.6 million, up 11.0% from $790.6 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the second quarter ended June 30, 2011, increased 7.4% to $40.3 million, or $0.77 per diluted share, compared with $37.5 million, or $0.69 per diluted share, for the same period last year.
For the first half of 2011, revenues from continuing operations were $1,766.2 million, up 12.0% from $1,576.8 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the first half of 2011 increased 6.5% to $86.1 million, or $1.66 per diluted share, compared with $80.8 million, or $1.48 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 growth in revenue, EPS and EBITDA demonstrates the effectiveness of our strategies. We remain focused on operating effectively and efficiently through investments that improve the quality of patient care and attract the best physicians, and we are confident that our strategy continues to provide significant opportunity for value creation. At the same time, with our strong balance sheet and track record of successfully integrating our acquisitions, we expect to continue to execute transactions that add value for our stockholders. We will continue to target acquisitions in faster growing markets, while maintaining our focus on being the sole provider in smaller communities and leveraging the strategic partnership component of our acquisition strategy."