Equity Investments

9 Months Ended

Sep. 30, 2013

Equity Investments [Abstract]

Equity Investments Disclosure

10.  EQUITY INVESTMENTS

As of September 30, 2013, the Company owned equity interests of 27.5% in four hospitals in Las Vegas, Nevada, and 26.1% in one hospital in Las Vegas, Nevada, in which Universal Health Systems, Inc. owns the majority interest, and an equity interest of 38.0% in three hospitals in Macon, Georgia, in which HCA Inc. owns the majority interest.  

Summarized combined financial information for these unconsolidated entities in which the Company owns an equity interest is as follows (in thousands): 

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Revenues	$	306,336	$	294,461	$	942,013	$	926,886
Operating costs and expenses		284,105		266,012		835,533		817,572
Income from continuing operations before taxes		22,204		28,421		106,405		109,238

The summarized financial information was derived from the unaudited financial information provided to the Company by those unconsolidated entities. 

The Company’s investment in all of its unconsolidated affiliates was $423.2 million and $432.1 million at September 30, 2013 and December 31, 2012, respectively, and is included in other assets, net in the accompanying condensed consolidated balance sheets. Included in the Company’s results of operations is the Company’s equity in pre-tax earnings from all of its investments in unconsolidated affiliates, which was $11.6 million and $7.4 million for the three months ended September 30, 2013 and 2012, respectively, and $36.4 million and $32.6 million for the nine months ended September 30, 2013 and 2012, respectively.