Triad Hospitals, Dallas, continued to show investors that it has successfully integrated its $2.4 billion acquisition of the former Quorum Health Group, Brentwood, Tenn., by reporting sharply higher third-quarter earnings. The company, which is moving its headquarters to suburban Plano, Texas, this week, earned $32.6 million, or 43 cents per share, in the third quarter ended Sept. 30. That compares with earnings of $6.5 million, or 9 cents per share, in the year-ago quarter, the first full quarter after the Quorum acquisition. Overall company revenue grew 8% to $894 million, but hospital revenue growth was 11.5% on increases of better than 4% in adjusted admissions and surgeries, Triad said. For the nine months ended Sept. 30, Triad reversed a $7 million loss from the year-ago period with a net income of $105.8 million, or $1.41 per share, on revenue of $2.6 billion. Triad operates 45 hospitals. -- by Vince Galloro
Triad's bottom line showing success of acquisition
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