Summit Health Ltd. Profit Increases 50%
Summit Health Ltd., a Burbank operator of hospitals and other health-care facilities, said its fiscal first-quarter profit jumped 50% from a year earlier on a 14% gain in revenue.
In the quarter that ended Sept. 30, Summit’s net income climbed to $2.46 million from $1.64 million a year earlier, and its revenue rose to $106.1 million from $92.8 million.
Summit attributed the gains to expansion, improved results from its outpatient business and a strong showing by its long-term care group. The company operates in California, Arizona, Texas and Iowa.
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