Reuters logo
Community Health posts net loss as acquisition costs drag
May 6, 2014 / 9:26 PM / 3 years ago

Community Health posts net loss as acquisition costs drag

May 6 (Reuters) - Hospital operator Community Health Systems Inc on Tuesday reported a first-quarter net loss, weighed down by costs for acquiring smaller rival Health Management Associates.

Community Health, which completed the acquisition in January, posted a loss of $112 million, or $1.04 a share, compared with net income of $79 million, or 86 cents a share, a year ago.

Net operating revenue rose 28 percent to $4.2 billion in the quarter.

Shares of Community Health, the second-largest U.S. for-profit hospital operator behind HCA Holdings Inc, closed 1.1 percent lower at $39.42 Tuesday on the New York Stock Exchange. (Reporting by Susan Kelly in Chicago)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below