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Health Management Associates, Inc.

HMA reports record Q3; earnings per share increases 20%

Published in Health Business Week, August 20th, 2004

Health Management Associates, Inc., (HMA) announced its net patient service revenue for its 3rd quarter ended June 30, 2004 grew 26.3% to $817.3 million, up $170.2 million from $647.1 million for the same quarter a year ago.

Earnings per share (diluted) for the quarter were $0.36, up 20%, or $0.06, from $0.30 per share for the same quarter a year ago. Net income for the quarter was $89.3 million, a $13.4 million increase from $75.9 million for the comparable quarter a year ago.

Net patient service revenue at hospitals owned and operated by HMA for 1 year or more increased 4.8% during the 3rd quarter. This represents HMA's 63rd consecutive quarter of...

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