Triad Hospitals, Plano, Texas, said profits and revenue were up for the second quarter ended June 30, but, as several investor-owned chains have reported for the quarter, its volume figures rose only slightly. Triad said it earned $38 million, or 51 cents a share for the quarter, up about 16%, compared with $32.8 million, or 44 cents per share, in the year-ago quarter. Revenue climbed 10%, to $953.8 million. Excluding a New Mexico hospital that Triad opened in August 2002, the company said its inpatient admissions rose less than 1%. Other volume statistics were not available on a same-hospital basis. For the six months ended June 30, Triad said profits were $85.3 million, or $1.14 per share, up about 16% compared with $73.2 million, or 99 cents per share, in the year-ago period. Triad owns or operates 48 hospitals and 14 ambulatory surgery centers in 17 states. - - by Vince Galloro
Triad: profits revenue up, volumes soft
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