Community Health Systems, Inc. Provides Earnings Guidance for the Year Ended December 31, 2013 and Preliminary Guidance for 2014
January 06, 2014 at 09:45 pm
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Community Health Systems, Inc. provided earnings guidance for the year ended December 31, 2013 and preliminary guidance for 2014. For the year ended December 31, 2013, the company expects net operating revenues to range from $12.975 billion to $13.000 billion and expects adjusted EBITDA for the year ended December 31, 2013, to range from $1.825 billion to $1.850 billion, excluding, for comparability purposes, expenses related to the pending HMA acquisition and approximately $101.5 million reserved for the settlement of claims arising from the government's investigation into the Company's short-stay hospital admissions and investigations at the company's hospital in Laredo, Texas, consisting of $98 million previously recorded and approximately $3.5 million of additional reserves related to Tricare and Medicaid recorded in the fourth quarter of 2013. The consolidated operating results for the year ended December 31, 2013, are expected to reflect a 6.7% decrease in admissions and a 4.0% decrease in adjusted admissions compared with the year ended December 31, 2012.
The company expects net operating revenues less provision for bad debts for 2014 is anticipated to be $19.7 billion to $21.2 billion. Adjusted EBITDA for 2014 is anticipated to be $2.925 billion to $3.200 billion. Net cash flow from operating activities is anticipated to be $1.650 billion to $1.875 billion.
Community Health Systems, Inc. is a healthcare company. The Company, through its subsidiaries, owns or leases over 71 affiliated hospitals, with approximately 12,000 beds, and operate more than 1,000 sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. The Company, through its affiliates, providers of healthcare services, develops and operating healthcare delivery systems in over 40 distinct markets across 15 states. Its hospitals are general care hospitals offering a range of inpatient and outpatient medical services. These services generally include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. In addition, some of its hospitals provide skilled nursing and home care services based on individual community needs.
COMMUNITY HEALTH SYSTEMS, INC. 
