LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced results for the second quarter and six months ended June 30, 2010.
For the second quarter ended June 30, 2010, revenues from continuing operations were $790.6 million, up 7.5% from $735.3 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, 2010, increased 29.1% to $37.5 million, or $0.69 per diluted share, compared with income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders of $29.0 million, or $0.54 per diluted share, for the same period last year. Net income attributable to LifePoint Hospitals, Inc. stockholders for the second quarter ended June 30, 2010, was $37.6 million, or $0.69 per diluted share, compared with $26.3 million, or $0.49 per diluted share, for the same period last year.
For the first half of 2010, revenues from continuing operations were $1,576.8 million, up 7.2% from $1,470.8 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the first half of 2010, increased 17.9% to $80.8 million, or $1.48 per diluted share, compared with income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders of $68.5 million, or $1.29 per diluted share, for the same period last year. Net income attributable to LifePoint Hospitals, Inc. stockholders for the six months ended June 30, 2010, was $80.5 million, or $1.48 per diluted share, compared with $64.7 million, or $1.21 per diluted share, for the same period last year.
In commenting on the results, William F. Carpenter III, president and chief executive officer of LifePoint Hospitals, said, "Our performance in the second quarter remained strong across the board. Our results reflected the success of our strategy to enhance performance through improving the quality of care provided at our hospitals, recruiting the right physicians to communities where they are needed, expanding service lines, improving hospital Emergency Departments, and making selective acquisitions."
The Company also announced that, based on its performance in the first half of 2010, it is raising its previously issued guidance for full year 2010 for Adjusted EBITDA and EPS: