LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced results for the fourth quarter and year ended December 31, 2012.
For the fourth quarter ended December 31, 2012, revenues from continuing operations were $893.3 million, up 14.3% from $781.3 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the fourth quarter ended December 31, 2012, decreased 3.3% to $36.5 million, or $0.76 per diluted share, compared with $37.7 million, or $0.78 per diluted share, for the same period a year ago.
For the year ended December 31, 2012, revenues from continuing operations were $3,391.8 million, up 12.1% from $3,026.1 million for 2011. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for 2012 decreased 6.6% to $151.9 million, or $3.14 per diluted share, compared with $162.7 million, or $3.22 per diluted share, for 2011.
In commenting on the results, William F. Carpenter III, chairman and chief executive officer of LifePoint Hospitals, said, "In the fourth quarter, LifePoint delivered improved volumes, good cost controls, strong cash flow from operations and earnings at the top end of our revised guidance range. We are identifying new opportunities to purchase hospitals that we believe will complement our strategy to develop regional integrated health systems. Our balanced approach to capital deployment has allowed us to create value for shareholders, and we look forward to the opportunities ahead in 2013."