Community Health reports Q4 adjusted EPS (41c), consensus 6c

Reports Q4 revenue $3.18B, consensus $3.16B. On a same-store basis, admissions increased 1.9% and adjusted admissions increased 3.6% compared to the same period in 2022. The company said, “The decrease in net income attributable to Community Health Systems, Inc. stockholders and the decrease in Adjusted EBITDA for the three months ended December 31, 2023, compared to the same period in 2022, are primarily due to higher costs for supplemental reimbursement programs, increased rates for outsourced medical specialists, and higher costs for professional liability insurance, partially offset by stronger inpatient volumes, increased reimbursement rates and reduced expense for contract labor.”