How CHS, HCA, Tenet and UHS fared in Q3

Significant for-profit health center operators reported blended financial results in the third quarter of this year.

1. Franklin, Tenn.-based Community Health Systems earnings declined 3.7 percent year over year in the third quarter of 2020. The drop was largely attributed to lower client volume in the middle of the COVID-19 pandemic. On a same-facility basis, admissions were down 6.1 percent year over year. The company ended the third quarter of this year with net income of $112 million, compared to a net loss of $17 million in the very same period a year previously..

2. Nashville, Tenn.-based HCA Healthcare published revenues of $13.3 billion in the 3rd quarter of this year, up 4.9 percent from the same period a year previously. Same-hospital admissions decreased 3.8 percent year over year. HCA ended the third quarter of this year with net earnings of $668 million. Thats up from earnings of $612 million in the very same period last year..

Franklin, Tenn.-based Community Health Systems profits decreased 3.7 percent year over year in the 3rd quarter of 2020. Nashville, Tenn.-based HCA Healthcare published incomes of $13.3 billion in the 3rd quarter of this year, up 4.9 percent from the very same duration a year earlier. Net operating revenues for the businesss medical facility sector were down 1.2 percent year over year. The company ended the third quarter of this year with net income of $241.3 million, up from $97.2 million a year earlier.

Dallas-based Tenet Healthcare reported earnings of $4.56 billion in the third quarter of this year, down somewhat from $4.57 billion in the same period of 2019. Net operating incomes for the companys medical facility sector were down 1.2 percent year over year.

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King of Prussia, Pa.-based Universal Health Services recorded incomes of $2.9 billion in the third quarter of 2020, up from $2.8 billion in the exact same duration last year. The business ended the third quarter of this year with net income of $241.3 million, up from $97.2 million a year earlier.