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COLUMBIA HOSPITAL CORPORATION REPORTS 126.3 PERCENT GROWTH IN FIRST QUARTER NET INCOME; REVENUES & EARNINGS PER SHARE REACH RECORD LEVELS

 FORT WORTH, Texas, May 6 /PRNewswire/ -- Columbia Hospital Corporation (NASDAQ: CHOS) today announced operating results in revenues and net income for the first quarter of 1993. The following table summarizes the financial results for the quarters ended March 31, 1993 and 1992.
 COLUMBIA HOSPITAL CORPORATION
 Percent
 Three months ended March 31 1993 1992 Increase
 Number of hospitals 26 13 N/M
 Weighed average licensed beds 5,046 2,797 80.4
 Revenues $312,123 $164,909 89.3
 Operating income (A) 51,479 27,183 89.4
 Income before extraordinary loss 10,387 5,036 106.3
 Extraordinary loss -- 446 --
 Net income 10,387 4,590 126.3
 Earnings per share:
 Before extraordinary loss $0.39 $0.27 44.4
 Extraordinary loss -- 0.02 --
 Net earnings per share $0.39 $0.25 56.0
 Shares used in earnings
 per share computations 26,613 18,707 --
 (A) -- Income before depreciation and amortization, interest, minority interest in earnings of consolidated entities and income taxes.
 "The growth in earnings we have seen as a company each and every quarter reinforces our believe in our network strategies," said Richard L. Scott, chairman and chief executive officer. "We are growing both in the number of hospitals operated, an in the efficiency with which we operate our existing facilities. It's the combination of these two factors that makes Columbia successful."
 "I am pleased with the operational improvements our hospitals continue to create," said David T. Vandewater, president and chief operating officer. "The efforts and commitment put forth by every one of our hospital staffs produce positive results that continue to build on one another. By sharing technology, personnel, services and administrative costs, we continue to benefit from the economies of scale that put Columbia in a competitive position in today's healthcare environment."
 Columbia operates 26 hospitals and various related healthcare businesses located in five Texas and Florida markets. Columbia's hospitals are structured in cooperative healthcare networks that realize economies of scale in negotiating contracts for services and supplies, and in sharing equipment, personnel and support services in order to reduce the costs of providing medical care. Columbia recently announced that it had signed letters of intent to acquire Beaumont Medical and Surgical Hospital in Beaumont, Texas and Pembroke Pines Hospital in Pembroke Pines, Fla.
 -0- 5/6/93 R
 /CONTACT: Lee A. Wood of Columbia Hospital Corporation, 817-870-5900/
 (CHOS)


CO: Columbia Hospital Corporation ST: Texas IN: HEA SU: ERN

SM-TS -- NY013R -- 5307 05/06/93 10:12 EDT
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Publication:PR Newswire
Date:May 6, 1993
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