Columbia/HCA Healthcare Corp. reported net income of $153 million, or 44 cents per share, for the third quarter ended Sept. 30, compared with a net loss of $56 million, or 16 cents per share, in the year-ago period.
Revenues rose 9.5% to $2.7 billion.
The 1994 figures included an after-tax loss of $34 million to refinance $136 million in long-term debt. In addition, the 1993 figures included $193 million in costs from the merger with Galen Health Care, losses associated with refinancing and a retroactive increase in the tax rate.
Same-hospital admissions for the quarter increased 1.9%, and same-hospital outpatient visits grew 52%, compared with the year-ago period, Columbia/HCA said.
For the nine months, the Louisville, Ky.-based hospital chain reported a 22% increase in net income to $403 million, or $1.17 per share, compared with $331 million, or 98 cents per share, in the year-ago period. Revenues grew 6.7% to $8.2 billion.
The company, the nation's largest for-profit hospital firm, is merging with Nashville, Tenn.-based Healthtrust to become a 311-hospital chain with annual revenues of $15 billion.