LifePoint Hospitals Reports Second Quarter 2014 Results

EBITDA For the Second Quarter Increases by 35% Over Prior Year

Increases Full-Year 2014 EBITDA Guidance to $605 Million to $620 Million

BRENTWOOD, Tenn.--()--LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced results for the second quarter and six months ended June 30, 2014.

For the second quarter ended June 30, 2014, revenues from continuing operations were $1,047.0 million, up 17.0% from $894.9 million for the same period a year ago. Adjusted EBITDA for the second quarter ended June 30, 2014, increased 35.8% to $158.7 million compared with $116.8 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the second quarter ended June 30, 2014, increased 44.3% to $39.1 million, or $0.84 per diluted share, compared with $27.1 million, or $0.57 per diluted share, for the same period a year ago.

For the first half of 2014, revenues from continuing operations were $2,054.2 million, up 12.5% from $1,826.0 million for the same period a year ago. Adjusted EBITDA for the six months ended June 30, 2014, increased 19.8% to $304.5 million compared with $254.2 million for the same period a year ago. Income from continuing operations attributable to LifePoint Hospitals, Inc. stockholders for the second quarter ended June 30, 2014, increased 28.3% to $76.2 million, or $1.61 per diluted share, compared with $59.4 million, or $1.25 per diluted share, for the same period a year ago.

“We are pleased with our strong financial results for the second quarter and first half of 2014,” said William F. Carpenter III, chairman and chief executive officer of LifePoint Hospitals. “Our results reflect improving margins, enhancements to patient safety and quality of care, the strength of our recent acquisitions, and our successful efforts to capture the benefits of expanded coverage under healthcare reform. As a result of these factors, we are raising our guidance for the remainder of the year. I want to thank our physician leaders and the thousands of LifePoint employees who work hard every day to make our ongoing success possible.”

The Company also issued the following revised guidance for 2014:

     
Estimated Net Revenue

 

$4.25 - $4.35 billion

Estimated Adjusted EBITDA

 

$605 - $620 million

Estimated Diluted EPS

 

$2.99-$3.19

 

Guidance excludes the impact of items, if applicable, that are non-operational in nature including items such as, but not limited to, gains or losses on sales of hospitals and businesses, gains or losses on early debt retirement and impairments of long-lived assets. This guidance is also subject to certain risks including those as set forth in the Company’s “Important Legal Information.”

A listen-only simulcast, as well as a 30-day replay, of LifePoint Hospitals’ second quarter 2014 conference call will be available on line at www.lifepointhospitals.com/news/press-releases today, Friday, July 25, 2014, beginning at 10:00 a.m. Eastern Time.

LifePoint Hospitals, Inc. is a leading hospital company focused on providing quality healthcare services close to home. Through its subsidiaries, LifePoint operates 62 hospital campuses in 20 states. With a mission of “Making Communities Healthier®,” LifePoint is the sole community hospital provider in the majority of the communities it serves. More information about the Company, which is headquartered in Brentwood, Tennessee, can be found on its website, www.LifePointHospitals.com. All references to “LifePoint,” “LifePoint Hospitals,” or the “Company” used in this release refer to LifePoint Hospitals, Inc. or its affiliates.

Important Legal Information. Certain statements contained in this release, including LifePoint’s revised guidance for the year ended December 31, 2014, are based on current management expectations and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to qualify for the safe harbor protections from liability provided by the Private Securities Litigation Reform Act of 1995. Numerous factors exist which may cause results to differ from these expectations. Many of the factors that will determine our future results are beyond our ability to control or predict with accuracy. Such forward-looking statements reflect the current expectations and beliefs of the management of LifePoint, are not guarantees of performance and are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ from those described in the forward-looking statements. These forward-looking statements may also be subject to other risk factors and uncertainties, including without limitation: (i) the effects related to the enactment and implementation of healthcare reform, the possible enactment of additional federal or state healthcare reforms and possible changes in healthcare reform laws and other federal, state or local laws or regulations affecting the healthcare industry including the timing of the implementation of reform; (ii) the extent to which states support increases, decreases or changes in Medicaid programs, implement healthcare exchanges or alter the provision of healthcare to state residents through regulation or otherwise; (iii) delays in receiving payments for services provided, reductions in Medicare or Medicaid payments (including increased recoveries made by Recovery Audit Contractors (RAC) and similar governmental agents), compared to the timing of expanded coverage; (iv) reductions in reimbursements from commercial payors, whether due to a change in our revenue mix, service mix, reduction in commercial rates or otherwise; (v) our ability to acquire hospitals and other healthcare providers on favorable terms, the business risks and costs associated therewith and the uncertainty in operating and integrating such hospitals and other providers; (vi) our ongoing ability to demonstrate meaningful use of certified electronic health record technology and recognize income for the related Medicare or Medicaid incentive payments; (vii) the failure or closure of employers in our markets, especially those that are dependent on a small number of local employers; (viii) the growth of “bad debt” and “patient due” accounts, the number of individuals without insurance coverage (or who are underinsured) who seek care at our hospitals, and deterioration in the collectability of these accounts; (ix) changes in general economic conditions nationally and regionally in our markets; (x) whether our core strategies will result in anticipated operating results, including measureable quality and satisfaction improvements; (xi) whether our efforts to reduce the cost of providing healthcare while increasing the quality of care are successful; (xii) the ability to attract, recruit and retain qualified physicians, nurses, medical technicians and other healthcare professionals and the increasing costs associated with doing so, including the direct costs associated with employing physicians and other healthcare professionals; (xiii) the loss of certain physicians in markets where such a loss can have a disproportionate impact on our hospital in such market; (xiv) the application, interpretation and enforcement of increasingly stringent and complex laws and regulations governing our operations and healthcare generally (and changing interpretations of applicable laws and regulations), related enforcement activity and the potentially adverse impact of known and unknown government investigations, litigation and other claims that may be made against us; (xv) any interruption of or restriction in our access to licensed information (and information technology systems) or failure in our ability to integrate changes to LifePoint’s existing information systems or information systems of acquired hospitals; (xvi) the highly competitive nature of the health care business; (xvii) adverse events in states where a large portion of our revenues are concentrated; (xviii) the availability and terms of capital to fund the expansion of our business and improvements to our existing facilities, and any changes in accounting practices; (xix) liabilities resulting from potential malpractice and related legal claims brought against our hospitals or the healthcare providers associated with, or employed by, such hospitals or affiliated entities; (xx) our increased dependence on third parties to provide purchasing, revenue cycle and payroll services and information technology and whether they are able to do so effectively; (xxi) the continued viability of our operations through joint venture entities, the largest of which is Duke LifePoint Healthcare, our partnership with a wholly controlled affiliate of Duke University Health Systems, Inc.; and (xxii) those other risks and uncertainties described from time to time in our filings with the Securities and Exchange Commission. Therefore, our future results may differ materially from those described in this release. LifePoint undertakes no obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

All references to “our,” “LifePoint,” “LifePoint Hospitals” and the “Company” as used throughout this release refer to LifePoint Hospitals, Inc. and its subsidiaries.

   

LIFEPOINT HOSPITALS, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Dollars in millions, except per share amounts

Three Months Ended
June 30,

Six Months Ended
June 30,

2014     2013   2014     2013  
Amount  

% of
Revenues

Amount  

% of
Revenues

Amount  

% of
Revenues

Amount  

% of
Revenues

Revenues before provision for doubtful accounts

$ 1,246.2 $ 1,075.7 $ 2,429.0 $ 2,175.9

Provision for doubtful accounts

  199.2     180.8     374.8     349.9  
Revenues 1,047.0 100.0 % 894.9 100.0 % 2,054.2 100.0 % 1,826.0 100.0 %
 
Salaries and benefits 488.5 46.7 422.1 47.2 963.3 46.9 855.3 46.8
Supplies 162.5 15.5 144.1 16.1 319.5 15.6 288.8 15.8
Other operating expenses 258.3 24.6 222.9 24.8 501.8 24.4 444.4 24.4
Other income (21.0 ) (2.0 ) (11.0 ) (1.2 ) (34.9 ) (1.7 ) (16.7 ) (0.9 )

Depreciation and amortization

60.9 5.9 55.9 6.3 122.0 5.9 111.7 6.2
Interest expense, net 31.3 3.0 22.6 2.5 65.2 3.2 46.5 2.5
Gain on settlement of pre-acquisition contingent obligation (5.6 ) (0.6 ) (5.6 ) (0.3 )
Debt transaction costs                     4.4   0.2  
  980.5   93.7     851.0   95.1     1,936.9   94.3     1,728.8   94.7  
 
Income from continuing operations before

income taxes

66.5 6.3

43.9

4.9 117.3 5.7 97.2 5.3
Provision for income taxes   24.7   2.3     16.7   1.9     37.8   1.8     37.0   2.0  
Income from continuing operations 41.8 4.0 27.2 3.0 79.5 3.9 60.2 3.3
 
Income from discontinued operations, net of

income taxes

        0.3   0.1           0.4    
Net income 41.8 4.0 27.5 3.1 79.5 3.9 60.6 3.3
Less: Net income attributable to noncontrolling interests and redeemable noncontrolling interests   (2.7 ) (0.3 )   (0.1 )     (3.3 ) (0.2 )   (0.8 )  
Net income attributable to LifePoint Hospitals, Inc. $ 39.1   3.7 % $ 27.4   3.1 % $ 76.2   3.7 % $ 59.8   3.3 %
 
Earnings per share attributable to LifePoint Hospitals, Inc. stockholders:
Basic:
Continuing operations $ 0.88 $ 0.58 $ 1.69 $ 1.29
Discontinued operations       0.01         0.01  
$ 0.88   $ 0.59   $ 1.69   $ 1.30  
 
Diluted:
Continuing operations $ 0.84 $ 0.57 $ 1.61 $ 1.25
Discontinued operations               0.01  
$ 0.84   $ 0.57   $ 1.61   $ 1.26  
Amounts attributable to LifePoint Hospitals, Inc. stockholders:

Income from continuing operations, net of income taxes

$ 39.1 $ 27.1 $ 76.2 $ 59.4

Income from discontinued operations, net of income taxes

      0.3         0.4  
Net income $ 39.1   $ 27.4   $ 76.2   $ 59.8  

 

LIFEPOINT HOSPITALS, INC.

UNAUDITED EARNINGS PER SHARE CALCULATIONS

In millions, except per share amounts

 

Three Months Ended
June 30,

Six Months Ended
June 30,

  2014     2013     2014     2013  
Income from continuing operations $ 41.8 $ 27.2 $ 79.5 $ 60.2
Less: Net income attributable to noncontrolling interests

and redeemable noncontrolling interests

  (2.7 )   (0.1 )   (3.3 )   (0.8 )
Income from continuing operations attributable to

LifePoint Hospitals, Inc. stockholders

39.1 27.1 76.2 59.4
Income from discontinued operations, net of income taxes       0.3         0.4  
Net income attributable to LifePoint Hospitals, Inc. $ 39.1   $ 27.4   $ 76.2   $ 59.8  
 
Weighted average shares outstanding – basic 44.5 46.5 45.2 46.2
Effect of dilutive securities:
Stock options and other stock-based awards 1.7 1.2 1.6 1.3
Convertible debt instruments   0.3         0.5      
Weighted average shares outstanding – diluted   46.5     47.7     47.3     47.5  
 
Earnings per share attributable to LifePoint Hospitals, Inc. stockholders:
Basic:
Continuing operations $ 0.88 $ 0.58 $ 1.69 $ 1.29
Discontinued operations       0.01         0.01  
$ 0.88   $ 0.59   $ 1.69   $ 1.30  
 
Diluted:
Continuing operations $ 0.84 $ 0.57 $ 1.61 $ 1.25
Discontinued operations               0.01  
$ 0.84   $ 0.57   $ 1.61   $ 1.26  

 

LIFEPOINT HOSPITALS, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

In millions

 

June 30,
2014

Dec. 31,
2013

ASSETS
Current assets:
Cash and cash equivalents $ 342.0 $ 637.9

Accounts receivable, less allowances for doubtful accounts of $763.9 and $741.2 at June 30, 2014 and December 31, 2013, respectively

646.4
595.7
Inventories 106.9 102.0
Prepaid expenses 38.7 38.0
Deferred tax assets 130.1 147.7
Other current assets   106.5     72.9  
1,370.6 1,594.2
 
Property and equipment:
Land 129.4 112.3
Buildings and improvements 2,065.7 2,019.6
Equipment 1,525.8 1,469.9
Construction in progress   60.1     58.7  
3,781.0 3,660.5
Accumulated depreciation   (1,563.6 )   (1,463.3 )
2,217.4 2,197.2
 
Deferred loan costs, net 33.5 31.1
Intangible assets, net 71.4 72.6
Other 38.5 40.7
Goodwill   1,630.1     1,651.0  
Total assets $ 5,361.5   $ 5,586.8  
 
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 148.1 $ 135.9
Accrued salaries 146.6 139.6
Other current liabilities 185.4 197.2
Current maturities of long-term debt   12.9     583.0  
493.0 1,055.7
 
Long-term debt 2,202.5 1,793.8
Deferred income tax liabilities 203.8 233.1
Long-term portion of reserves for self-insurance claims 133.9 139.8
Other long-term liabilities 56.3 55.4
Long-term income tax liability   18.9     16.6  
Total liabilities   3,108.4     3,294.4  
 
Redeemable noncontrolling interests 84.7 59.8
 
Equity:
LifePoint Hospitals, Inc. stockholders’ equity:
Preferred stock
Common stock 0.7 0.7
Capital in excess of par value 1,481.6 1,470.7
Accumulated other comprehensive income 3.4 3.4
Retained earnings 1,423.2 1,347.0
Common stock in treasury, at cost   (760.6 )   (611.7 )
Total LifePoint Hospitals, Inc. stockholders’ equity 2,148.3 2,210.1

Noncontrolling interests

  20.1     22.5  
Total equity   2,168.4     2,232.6  
Total liabilities and equity $ 5,361.5   $ 5,586.8  

   

LIFEPOINT HOSPITALS, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Dollars in millions

 

Three Months Ended
June 30,

Six Months Ended
June 30,

  2014       2013     2014       2013  
Cash flows from operating activities:
Net income $ 41.8 $ 27.5 $ 79.5 $ 60.6

Adjustments to reconcile net income to net cash provided by operating activities:

Income from discontinued operations (0.3 ) (0.4 )
Stock-based compensation 6.4 6.3 13.1 13.1
Depreciation and amortization 60.9 55.9 122.0 111.7
Amortization of physician minimum revenue guarantees 3.8 4.5 7.7 9.0
Amortization of debt discounts, premium and deferred loan costs 4.3 6.0 11.6 13.1
Gain on settlement of pre-acquisition contingent obligation (5.6 ) (5.6 )
Debt transaction costs 4.4
Deferred income tax (benefit) 36.5 (36.6 ) (5.1 ) (43.7 )
Reserve for self-insurance claims, net of payments (1.4 ) 2.1 4.7 6.7
Increase (decrease) in cash from operating assets and liabilities,

net of effects from acquisitions and divestitures:

Accounts receivable 22.2 10.9 (28.3 ) (18.6 )
Inventories and other current assets (2.7 ) 10.9 20.4 4.8
Accounts payable and accrued expenses (31.3 ) (15.8 ) (31.6 ) (26.0 )
Income taxes payable/receivable (71.8 ) (7.5 ) (19.3 ) 19.5
Other   (0.7 )   (0.8 )   1.9     0.7  
Net cash provided by operating activities – continuing operations 68.0 57.5 176.6 149.3
Net cash used in operating activities – discontinued operations       (0.6 )       (0.2 )
Net cash provided by operating activities   68.0     56.9     176.6     149.1  
 
Cash flows from investing activities:
Purchases of property and equipment (31.2 ) (37.3 ) (53.7 ) (75.8 )
Acquisitions, net of cash acquired (27.2 ) (4.9 ) (87.8 ) (6.2 )
Other   0.1     1.2     (0.4 )   1.4  
Net cash used in investing activities   (58.3 )   (41.0 )   (141.9 )   (80.6 )
 
Cash flows from financing activities:
Proceeds from borrowings 412.0 412.0 323.0
Payments of borrowings (579.8 ) (3.6 ) (579.8 ) (317.2 )
Repurchases of common stock (36.1 ) (0.1 ) (171.9 ) (7.2 )
Payment of debt financing costs (5.5 ) (0.1 ) (5.9 ) (1.0 )
Proceeds from exercise of stock options 11.1 4.6 18.3 28.2
Other   (1.7 )   (2.1 )   (3.3 )   (4.3 )
Net cash (used in) provided by financing activities   (200.0 )   (1.3 )   (330.6 )   21.5  
 
Change in cash and cash equivalents (190.3 ) 14.6 (295.9 ) 90.0
Cash and cash equivalents at beginning of period   532.3     160.4     637.9     85.0  
Cash and cash equivalents at end of period $ 342.0   $ 175.0   $ 342.0   $ 175.0  
 
Supplemental disclosure of cash flow information:
Interest payments $ 56.9   $ 28.2   $ 60.6   $ 35.4  
Capitalized interest $ 0.1   $ 0.3   $ 0.3   $ 0.7  
Income tax payments, net $ 60.0   $ 60.9   $ 62.3   $ 61.4  

   

LIFEPOINT HOSPITALS, INC

UNAUDITED STATISTICS

 

Three Months Ended
June 30,

Six Months Ended
June 30,

    %     %
  2014     2013   Change     2014     2013   Change
Continuing Operations: (1)
Number of hospitals 62 57 8.8 % 62 57 8.8 %
Admissions 52,670 49,220 7.0 104,736 101,469 3.2
Equivalent admissions (2) 130,680 117,017 11.7 251,890 233,480 7.9
Revenues per equivalent admission $ 8,012 $ 7,648 4.8 $ 8,155 $ 7,821 4.3
Medicare case mix index 1.36 1.36 1.37 1.37
Average length of stay (days) 4.9 4.5 8.9 4.8 4.6 4.3
Inpatient surgeries 14,070 13,292 5.9 27,547 26,832 2.7
Outpatient surgeries 52,420 45,860 14.3 98,254 89,896 9.3
Total surgeries 66,490 59,152 12.4 125,801 116,728 7.8
Emergency room visits 327,683 288,516 13.6 625,115 580,600 7.7
Outpatient factor (2) 2.48 2.38 4.2 2.41 2.30 4.8
 
Same-hospital: (3)
Number of hospitals 57 57 % 57 57 %
Admissions 48,174 49,220 (2.1 ) 97,631 101,469 (3.8 )
Equivalent admissions (2) 119,336 117,017 2.0 233,631 233,480 0.1
Revenues per equivalent admission $ 7,842 $ 7,648 2.5 $ 7,980 $ 7,821 2.0
Medicare case mix index 1.36 1.36 1.37 1.37
Average length of stay (days) 4.5 4.5 4.6 4.6
Inpatient surgeries 12,846 13,292 (3.4 ) 25,582 26,832 (4.7 )
Outpatient surgeries 48,282 45,860 5.3 91,179 89,896 1.4
Total surgeries 61,128 59,152 3.3 116,761 116,728
Emergency room visits 299,238 288,516 3.7 580,330 580,600
Outpatient factor (2) 2.48 2.38 4.2 2.39 2.30 3.9
 

(1) Continuing operations information includes the results of our hospital support center, our same-hospital operations and our recent acquisitions completed in 2014 and 2013.

 

(2) Management and investors use equivalent admissions as a general measure of combined inpatient and outpatient volume.  We compute equivalent admissions by multiplying admissions (inpatient volumes) by the outpatient factor (the sum of gross inpatient revenue and gross outpatient revenue and then dividing the resulting amount by gross inpatient revenue).  The equivalent admissions computation “equates” outpatient revenue to the volume measure (admissions) used to measure inpatient volume resulting in a general measure of combined inpatient and outpatient volume.

 

(3) Same-hospital information includes the results of our hospital support center and the same 57 hospitals operated during the three months and six months ended June 30, 2014 and 2013.  Same-hospital information excludes the results of our recent acquisitions completed in 2014 and 2013 and our hospitals that have previously been disposed, with the exception of Scott  Memorial Hospital, which we acquired effective January 1, 2013, through our joint venture with Norton Healthcare, Inc. and which is included in our same-hospital information.

 

 

LIFEPOINT HOSPITALS, INC.

UNAUDITED SUPPLEMENTAL INFORMATION

Dollars in millions, except Diluted EPS amounts

 

Adjusted EBITDA is defined by the Company as earnings before depreciation and amortization; interest expense, net; gain on settlement of pre-acquisition contingent obligation; debt transaction costs; provision for income taxes; income from discontinued operations, net of income taxes; and net income attributable to noncontrolling interests and redeemable noncontrolling interests.  LifePoint’s management and Board of Directors use Adjusted EBITDA to evaluate the Company’s operating performance and as a measure of performance for incentive compensation purposes.  LifePoint’s credit facilities use Adjusted EBITDA for certain financial covenants.  The Company believes Adjusted EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions.  In addition, multiples of current or projected Adjusted EBITDA are used to estimate current or prospective enterprise value.  Adjusted EBITDA should not be considered as a measure of financial performance under U.S. generally accepted accounting principles (“GAAP”), and the items excluded from Adjusted EBITDA are significant components in understanding and assessing financial performance.  Adjusted EBITDA should not be considered in isolation or as an alternative to net income, cash flows generated by operating, investing or financing activities or other financial statement data presented in the consolidated financial statements as an indicator of financial performance or liquidity.  Because Adjusted EBITDA is not a measurement determined in accordance with GAAP and is susceptible to varying calculations, Adjusted EBITDA as presented may not be comparable to other similarly titled measures of other companies.

 
Three Months Ended

June 30,

Six Months Ended

June 30,

2014     2013   2014     2013  
  % of   % of   % of   % of
Amount Revenues Amount Revenues Amount Revenues Amount Revenues
Revenues before provision

for doubtful accounts

$ 1,246.2 $ 1,075.7 $ 2,429.0 $ 2,175.9
Provision for doubtful accounts   199.2     180.8     374.8     349.9  
Revenues 1,047.0 100.0 % 894.9 100.0 % 2,054.2 100.0 % 1,826.0 100.0 %
 
Salaries and benefits 488.5 46.7 422.1 47.2 963.3 46.9 855.3 46.8
Supplies 162.5 15.5 144.1 16.1 319.5 15.6 288.8 15.8
Other operating expenses 258.3 24.6 222.9 24.8 501.8 24.4 444.4 24.4
Other income   (21.0 ) (2.0 )   (11.0 ) (1.2 )   (34.9 ) (1.7 )   (16.7 ) (0.9 )
  888.3   84.8     778.1   86.9     1,749.7   85.2     1,571.8   86.1  
Adjusted EBITDA $ 158.7   15.2 % $ 116.8   13.1 % $ 304.5   14.8 % $ 254.2   13.9 %

   

The following table reconciles Adjusted EBITDA as presented above to net income attributable to LifePoint Hospitals, Inc. as reflected in the unaudited condensed consolidated statements of operations:

 

Three Months Ended
June 30,

Six Months Ended
June 30,

  2014     2013     2014     2013  
Adjusted EBITDA $ 158.7 $ 116.8 $ 304.5 $ 254.2
Less: Depreciation and amortization 60.9 55.9 122.0 111.7
Interest expense, net 31.3 22.6 65.2 46.5
Gain on settlement of pre-acquisition contingent obligation (5.6 ) (5.6 )
Debt transaction costs 4.4
Provision for income taxes 24.7 16.7 37.8 37.0
Income from discontinued operations, net of income taxes (0.3 ) (0.4 )
Net income attributable to noncontrolling interests and

redeemable noncontrolling interests

  2.7   0.1     3.3   0.8  
Net income attributable to LifePoint Hospitals, Inc. $ 39.1 $ 27.4   $ 76.2 $ 59.8  
   

The following table reconciles Adjusted EBITDA as presented for the Company’s updated guidance ranges:

 

Low
End

High
End

Adjusted EBITDA $ 605.0 $ 620.0
Less: Depreciation and amortization 257.0 257.0
Interest expense, net 122.0 122.0
Provision for income taxes 77.3 82.5
Net income attributable to noncontrolling interests and redeemable noncontrolling interests   8.9   9.1
Net income from continuing operations attributable to LifePoint Hospitals, Inc. $ 139.8 $ 149.4

Contacts

LifePoint Hospitals, Inc.
Leif Murphy, 615-920-7664
Executive Vice President and
Chief Financial Officer

Sharing

Contacts

LifePoint Hospitals, Inc.
Leif Murphy, 615-920-7664
Executive Vice President and
Chief Financial Officer