OTHER NEWS - April 17, 1995
- Share via
HealthTrust Profit Up 29.5%: The Nashville, Tenn., hospital operator, which is being acquired by Columbia-HCA Healthcare Corp., said its fiscal second-quarter earnings rose on the strength of its acquisition of Epic Holdings Inc. For the three months ended Feb. 28, HealthTrust Inc. earned $61.4 million, or 66 cents a share, up from $47.4 million, or 56 cents a share, a year ago. Revenue jumped 56%, to $1.02 billion from $652.5 million, due primarily to added revenue from Epic Holdings. HealthTrust acquired the Dallas-based hospital chain for $1 billion last May. HealthTrust has agreed to be acquired by Columbia-HCA, the nation’s largest hospital chain, for $5.4 billion. The deal, approved by both companies’ shareholders, requires Federal Trade Commission approval.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.