About Amy Umble:
Amy Umble is health reporter for The Free Lance-Star

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MWHC files first-quarter financial report: Revenues drop, income rises


Mary Washington Healthcare saw its revenue drop for the first quarter of the year, compared to the first quarter of last year. Still, its expenses also dropped, resulting in an increase in net income.

The local health care company published its first-quarter financial results yesterday. The filing is a summary and does not include breakdowns for Mary Washington Hospital or Stafford Hospital.

Some key results are:

Mary Washington Healthcare and subsidiaries, quarter ending March 31, millions of dollars:

2011 2010
Revenues- $175 Revenue- $178
Expenses- 171 Expenses- 179
Nonoperating gain-3 Nonoperating gain- 2
Net income- 7 Net income- 1

(The filing can be seen here on the web site of the Municipal Securities Rulemaking Board. The latest filing and the 2010 results are available.)