Community Health reports Q4 adjusted EPS (42c), consensus (58c)
Reports Q4 revenue $3.45B, consensus $3.32B. Adjusted EBITDA was $419M, an increase compared with the same period in 2017. On a same-store basis, admissions decreased 0.5% and adjusted admissions increased 0.1%, compared with the same period in 2017. The company said, "Our fourth quarter marked a strong finish to the year. During 2018, our market leaders made significant progress across areas such as our patient safety and connectivity, competitive position in core markets, and operational efficiency. These strategic investments and our solid execution drove enhanced same store performance during 2018. In 2019, we believe that we have a number of opportunities to further leverage these strategic initiatives to drive incremental growth, and achieve additional progress as we further strengthen our core portfolio and reduce our debt."