Health Management Associates, Inc. (“HMA” or the “Company”) announced today that for the fourth quarter ended December 31, 2008, the Company expects to report net revenue from continuing operations of approximately $1.1 billion, provision for doubtful accounts from continuing operations as a percentage of net revenue of between 11.5% and 12.0%, earnings, before interest, income taxes, depreciation and amortization, gains and losses and impairments of assets, and minority interests (“EBITDA”)1 of approximately $140 million, and earnings per diluted share (“EPS”) from continuing operations, excluding gains and losses and impairments of assets, of approximately $0.06. Admissions from HMA’s continuing hospital operations for the fourth quarter declined between 0.0% and 1.0% compared to the prior year’s fourth quarter, marking a measurable improvement compared to the last several quarters.
For the year ended December 31, 2008, HMA expects to report net revenue from continuing operations of approximately $4.5 billion, provision for doubtful accounts from continuing operations as a percentage of net revenue of between 11.4% and 11.6%, and EPS from continuing operations, excluding gains and losses and impairments of assets, of approximately $0.38.
The following table sets forth selected information concerning the Company's objectives for consolidated operating results for its current fiscal year ending December 31, 2009. These objectives are based on the Company's historical operating performance, current trends and other assumptions that the Company believes are reasonable at this time.
Contact:
Health Management Associates, Inc., Naples
John C. Merriwether, 239-598-3104
Vice President of Financial Relations
via Yahoo
For the year ended December 31, 2008, HMA expects to report net revenue from continuing operations of approximately $4.5 billion, provision for doubtful accounts from continuing operations as a percentage of net revenue of between 11.4% and 11.6%, and EPS from continuing operations, excluding gains and losses and impairments of assets, of approximately $0.38.
The following table sets forth selected information concerning the Company's objectives for consolidated operating results for its current fiscal year ending December 31, 2009. These objectives are based on the Company's historical operating performance, current trends and other assumptions that the Company believes are reasonable at this time.
Contact:
Health Management Associates, Inc., Naples
John C. Merriwether, 239-598-3104
Vice President of Financial Relations
via Yahoo
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