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COLUMBIA HOSPITAL CORPORATION REPORTS RECORD THIRD QUARTER EARNINGS

COLUMBIA HOSPITAL CORPORATION REPORTS RECORD THIRD QUARTER EARNINGS
 FORT WORTH, Texas, Nov. 10 /PRNewswire/ -- Columbia Hospital Corporation (NASDAQ: CHOS) today announced record results from operations for the quarter ended Sept. 30, 1992.
 Revenues for the third quarter of 1992 were $236.0 million, up 73.9 percent from $135.7 million in the third quarter of 1991. Net income for the current quarter was $5.3 million, or $0.22 per share, compared to net income of $3.9 million, or $0.21 per share, for the prior year's third quarter.
 SUMMARY OF CONSOLIDATED OPERATING RESULTS
 (Dollars in thousands)
 Periods ended Three months Nine months
 Sept. 30 1992 1991 Pct. inc. 1992 1991 Pct inc.
 Number of hospitals
 in operation 22(A) 12 NM 22(A) 12 NM
 Weighted average
 licensed beds 4,380 2,542 72.3 3,459 2,311 49.7
 Revenues $235,962 $135,665 73.9 $576,546 $362,247 59.2
 Income before depreciation
 and amortization, interest,
 minority interest in
 earnings of consolidated
 entities and income
 taxes 34,688 21,418 62.0 91,853 59,034 55.6
 Income before
 extraordinary loss 5,320 4,145 28.3 16,011 11,095 44.3
 Extraordinary loss --- (269) --- (446) (269) 65.8
 Net income 5,320 3,876 37.3 15,565 10,826 43.8
 Earnings per share:
 Bef.extraordinary loss $0.22 $0.22 --- $0.77 $0.70 10.0
 Extraordinary loss --- (0.01) --- (0.02) (0.02) ---
 Total 0.22 0.21 4.8 0.75 0.68 10.3
 Shares used in earnings
 per share
 computations 24,581 18,472 20,684 15,888
 (A) Includes Deering Hospital which has been temporarily closed for repairs due to Hurricane Andrew.
 NM -- not meaningful.
 -0- 11/10/92
 /CONTACT: Stewart J. Campbell of Columbia Hospital, 817-870-5900, or Susan A. Noonan of Noonan/Russo Communications, 212-979-9180, for Columbia Hospital/
 (CHOS) CO: Columbia Hospital Corporation ST: Texas IN: HEA SU: ERN


AH-KD -- NY010 -- 9079 11/10/92 08:15 EST
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Publication:PR Newswire
Date:Nov 10, 1992
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