How CHS, Tenet, HCA and UHS fared in Q2

Franklin, Tenn.-based Community Health Systems incomes dropped 23.7 percent year over year in the 2nd quarter of 2020. On a same-facility basis, admissions were down 18.1 percent year over year, with the most considerable volume decreases in April due to the to COVID-19 pandemic. The business ended the second quarter of this year with net earnings of $70 million, compared to a net loss of $167 million in the very same duration a year previously.

Significant for-profit hospital operators saw their earnings rise year over year in the second quarter of this year..

Nashville, Tenn.-based HCA Healthcare published incomes of $11.07 billion in the 2nd quarter of this year, down 12 percent from the exact same duration a year previously. HCA ended the 2nd quarter of this year with net income of $1.08 billion, up from $783 million in the very same duration a year earlier.

Profits from the companys hospital operations were down 19.3 percent year over year due to a decline in client volumes as an outcome of the COVID-19 pandemic. Tenet ended the second quarter of 2020 with net income of $88 million, compared to net earnings of $26 million in the very same duration last year.

4. King of Prussia, Pa.-based Universal Health Services taped earnings of $2.7 billion in the 2nd quarter of 2020, down from $2.9 billion in the very same duration in 2015. The business stated client volume dropped substantially in April but began to rebound in May and June. UHS ended the 2nd quarter of this year with net earnings of $251.9 million, up from $238.3 million a year earlier. The company received about $218 million in relief help made readily available under the CARES Act..

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The company ended the 2nd quarter of this year with net income of $70 million, compared to a net loss of $167 million in the very same duration a year earlier. Nashville, Tenn.-based HCA Healthcare posted revenues of $11.07 billion in the second quarter of this year, down 12 percent from the exact same period a year previously. HCA ended the 2nd quarter of this year with net income of $1.08 billion, up from $783 million in the very same duration a year previously. UHS ended the second quarter of this year with net income of $251.9 million, up from $238.3 million a year previously.

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