HealthTrust-The Hospital Co., a Nashville, Tenn.-based chain of 81 hospitals in 21 states, last week announced a 25% jump in profits for its second quarter ended Feb. 28.
The company reported a 25% increase in net income to $47.4 million, or 56 cents per share, compared with $37.9 million, or 45 cents per share, in the year-ago period. Revenues grew 9% to $652.5 million.
For the six-month period, HealthTrust reported a 20% increase in profits to $86.2 million, or $1.02 per share, compared with $71.3 million, or 85 cents per share, in the year-ago period. Revenues were up 7% to $1.3 billion.
The company also said its $1 billion acquisition of Dallas-based Epic Health Group is expected to be completed in May. The deal will make HealthTrust the nation's second-largest investor-owned hospital company.