Monday, July 23, 2007

LifePoint Hospitals net tumbles 61 pct; shrs dive

(Reuters) - NEW YORK, July 23 - Rural hospital chain LifePoint Hospitals Inc. said on Monday quarterly profit tumbled 61 percent as it struggled with unpaid medical bills, high labor costs and medical malpractice insurance expenses, sending shares down 13 percent.



The company also projected full-year earnings far below Wall Street's target.


Read more at Reuters.com Market News

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