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“S ERVING THE NON-URBAN COMMUNITY”

“S ERVING THE NON-URBAN COMMUNITY”. F ORWARD-LOOKING STATEMENTS.

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“S ERVING THE NON-URBAN COMMUNITY”

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  1. “SERVING THE NON-URBAN COMMUNITY”

  2. FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements based on current management expectations. Numerous factors exist which may cause results to differ from these expectations. Many of the factors that will determine our future results are beyond our ability to control or predict with accuracy. Such forward-looking statements, particularly those statements regarding the effects of the proposed merger between LifePoint Hospitals and Province Healthcare Company, reflect LifePoint Hospitals’ current expectations and beliefs, are not guarantees of performance of LifePoint Hospitals or the newly formed combined entity and are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ from those described in the forward-looking statements. For example, such risks, uncertainties, assumptions and other factors include, without limitation, the possibility that (1) the companies may be unable to obtain the required stockholder approvals; (2) problems may arise in successfully integrating the businesses of the two companies; (3) the acquisition may involve unexpected costs; (4) the combined company may be unable to achieve cost-cutting synergies; (5) the businesses may suffer as a result of uncertainty surrounding the acquisition; and (6) the combined company may be subject to future regulatory or legislative actions. These forward-looking statements are also subject to various risks and uncertainties, including, without limitation, (i) reduction in payments to healthcare providers by government and commercial third-party payors, as well as cost-containment efforts of insurers and other payors; (ii) the possibility of adverse changes in, and requirements of, applicable laws, regulations, policies and procedures, including those required by our corporate integrity agreement; (iii) our ability to manage healthcare risks and the lack of state and federal tort reform; (iv) uncertainty associated with compliance with HIPAA regulations; (v) our ability to enter into and renew payor arrangements on acceptable terms; (vi) our ability to maintain and increase patient volumes and control costs; (vii) the availability, cost and terms of insurance coverage; (viii) the highly competitive nature of the healthcare business, including the competition to recruit and retain physicians; (ix) the ability to attract and retain qualified management and personnel; (x) the geographic concentration of our operations; (xi) our ability to acquire hospitals on favorable terms and to complete budgeted capital improvements successfully; (xii) our ability to operate and integrate newly acquired facilities successfully; (xiii) the availability and terms of capital to fund our business strategy; (xiv) changes in our liquidity or indebtedness; (xv) the potential adverse impact of government investigations and litigation involving the business practices of healthcare providers; (xvi) the successful development and license of software and management information systems; (xvii) changes in generally accepted accounting principles or practices; (xviii) volatility in the market value of our common stock; (xix) changes in general economic conditions and changes in the manner in which employers provide healthcare coverage to their employees; (xx) our reliance on information technology systems maintained by HCA Inc.; (xxi) our ability to comply with all aspects of the Sarbanes-Oxley law; and (xxii) those risks and uncertainties described from time to time in our filings with the SEC, including those related to the proposed transaction between LifePoint Hospitals and Province Healthcare. Therefore, our future results may differ materially from those described in this release. We undertake no obligation to update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

  3. WHO WE ARE AND HOW WE ARE DIFFERENT • Spin-off of 23 hospitals from HCA on May 11, 1999, with full indemnification • “Pure Play” non-urban, community-based healthcare provider • Employees are shareholders through ESOP and ESPP • Entered into Corporate Integrity Agreement with OIG (Office of Inspector General) in December 2000 • Sole acute care facility in 28 of 29 markets

  4. Supplying the necessary equipment and resources to physicians Expanding the scope and quality of care for patients Creating an outstanding work environment for employees Strengthening the hospital’s central role within the community Managing financial performance responsibly for stakeholders OPERATING PHILOSOPHY “High Five”

  5. Kentucky Utah Wyoming Georgetown (75) Lebanon (75)Mayfield (107)Maysville (101)Paris (58)Russellville (92)Somerset (234) Versailles (25) Price (84)Vernal (39) Lander (89) Riverton (70) CON State West Virginia Tennessee Logan (132) Logan (19) CON State Athens (118) Carthage (63) Lawrenceburg (107)Livingston (114)Pulaski (95)Sewanee (41)Winchester (157) Louisiana Ville Platte (102) LaPlace (106) Kansas Dodge City (110) Florida Alabama Bartow (56) Palatka (141) CON State Andalusia (113) Haleyville (99) Russellville (100) Winfield (71) CON State CON State LIFEPOINT HOSPITALS CORPORATE OFFICE # of licensed beds shown in ( )

  6. DISCIPLINED APPROACHTO ACQUISITIONS Market Criteria • Non urban hospitals • Sole or significant market provider • Strong community support • Ability to grow adjusted EBITDA margins • Solid existing physician base

  7. DateAcquired MarketLocation Revenues PurchasePrice** LicensedBeds River Parishes Spring View Logan General/ Guyan Valley Lakeland/ Northwest Russellville Ville Platte Athens Bluegrass* Lander Putnam 07/04 10/03 12/02 12/02 10/02 12/01 10/01 01/01 07/00 06/00 LaPlace, LA Lebanon, KY Logan, WV Haleyville/ Winfield, AL Russellville, AL Ville Platte, LA Athens, TN Versailles, KY Lander, WY Palatka, FL $36 $22 $75 $38 $27 $22 $24 $ 6 $20 $49 $24 $16 $87 $22 $20 $11 $17 $ 1 $30 $49 106 75 151 170 100 116 118 25 81 141 ACQUISITION HISTORY ($ in millions) * Operating Lease** Excluding working capital

  8. $72.1 $60.7 $56.7 $23.6 $52.4 $18.8 $14.5 $17.3 $35.8 $16.3 $48.5 $42.2 $41.9 $35.1 $19.5 2001 2002 2003 YTD Sep. 03 YTD Sep. 04 FOCUSED CAPITAL EXPENDITURE PROGRAM Capital Expenditures ($ in millions) Routine Expansion

  9. No. ofProjects 2000 2001 2002 2003 2004E OR MRI CT ER Rehab Patient room addition Cardiac Cath Lab MOB Misc. Expansions 12 18 11 5 7 3 5 14 11 $ 6.4 3.0 0.6 1.7 - - - - 0.1 $11.9 4.1 3.6 0.7 0.5 - - 1.2 0.5 $10.2 8.7 1.3 0.5 2.8 1.4 3.1 6.8 5.6 $ 8.4 6.5 - 3.3 1.7 7.2 2.0 6.4 8.8 $ 0.7 3.6 2.3 7.9 2.3 10.3 - 4.4 21.4 TARGETED CAPITAL EXPENDITURE PROGRAM ($ in millions)

  10. FINANCIAL DRIVERS AND RESULTS

  11. $253.7 $247.5 $238.2 $229.2 $219.4 $214.1 $212.9 $194.6 17.7% $175.2 $174.4 $170.7 25.4% 15.6% 16.2% 11.3% 22.1% 25.2% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. NET REVENUE BY QUARTER* ($ in millions) * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  12. $241.1 $237.5 $232.1 $222.9 $219.4 $214.1 $212.9 13.2% 8.3% 8.4% 2003 2004 2003 2004 2003 2004 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. NET REVENUE BY QUARTER – SAME FACILITY* ($ in millions) * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  13. 46,377 47,188 46,331 44,556 43,303 43,147 42,651 37,707 35,924 34,464 34,448 23.0% 25.2% 20.5% 23.8% 8.6% 3.3% 9.0% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. EQUIVALENT ADMISSIONS BY QUARTER* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  14. 45,719 44,928 43,303 43,171 43,453 43,147 42,651 1.9% 5.6% 0.1% 2003 2004 2003 2004 2003 2004 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. EQUIVALENT ADMISSIONS BY QUARTER – SAME FACILITY* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  15. 24,526 23,722 22,577 22,480 21,997 21,550 20,846 19,663 19,629 17,683 17,513 20.9% 14.8% 19.0% 21.9% 2.1% 8.6% 7.8% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. ADMISSIONS BY QUARTER* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  16. $5,474 $5,372 $5,270 $5,145 $4,961 $4,959 $4,917 7.2% 8.3% 6.4% 2003 2004 2003 2004 2003 2004 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. NET REVENUE PER EQUIVALENT ADMISSION BY QUARTER – SAME FACILITY* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  17. 110,842 110,369 102,957 104,227 98,882 100,115 93,137 86,591 83,381 81,521 78,429 25.0% 22.8% 18.8% 28.0% 5.9% 6.2% 2.8% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. VOLUME – ER VISITS* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  18. 19,367 18,604 18,404 18,277 18,074 17,891 17,246 16,398 15,473 15,466 15,544 16.3% 15.7% 11.5% 11.5% 7.2% 7.9% 2.9% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. VOLUME – OP SURGERIES* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  19. 6,658 6,650 6,427 6,281 6,212 6,141 5,894 5,774 5,461 5,338 5,244 10.4% 18.5% 12.8% 12.5% 8.8% 8.4% 3.5% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. VOLUME – IP SURGERIES* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  20. 3Q03 3Q04 Medicaid Medicaid Medicare Medicare 11.6% Self-Pay 10.6% Self-Pay 35.2% 34.5% 9.8% 10.6% Other Other 4.2% 4.1% 40.2% 39.2% Commercial and Managed Care Commercial and Managed Care 9 Months – 9/30/03 9 Months – 9/30/04 Medicaid Medicaid Medicare Medicare Self-Pay 10.9% 11.1% Self-Pay 8.6% 36.6% 37.0% 9.4% 4.1% Other Other 3.8% 38.7% 39.8% Commercial and Managed Care Commercial and Managed Care REVENUES – PAYOR MIX COMBINED I/P AND O/P* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  21. Labor (% of net revenue) Supplies (% of net revenue) Other (% of net revenue) Bad Debt (% of net revenue) 40.2% 13.0% 8.5% 18.1% 17.8% 39.2% 12.4% 7.0% 2002 2003 2002 2003 2002 2003 2002 2003 EXPENSE MANAGEMENT* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  22. Labor (% of net revenue) Supplies (% of net revenue) Other (% of net revenue) Bad Debt (% of net revenue) 10.2% 40.3% 12.8% 17.5% 17.4% 12.7% 39.9% 9.6% 3Q03 3Q04 3Q03 3Q04 3Q03 3Q04 3Q03 3Q04 EXPENSE MANAGEMENT* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  23. $56.8 $51.7 $50.9 $48.1 $46.2 $46.0 $43.0 $42.5 $41.8 $40.6 $38.2 10.4% 23.4% 18.3% 21.7% 10.9% 4.2% 5.6% 2002 2003 2004 2002 2003 2004 2002 2003 2004 2002 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. ADJUSTED EBITDA BY QUARTER* ($ in millions) * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  24. $56.3 $51.2 $49.5 $47.7 $45.9 $43.1 $42.5 21.6% 20.2% 16.3% 2003 2004 2003 2004 2003 2004 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. ADJUSTED EBITDA BY QUARTER – SAME FACILITY* ($ in millions) * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  25. 23.3% 22.0% 21.6% 21.4% 21.0% 19.8% 19.6% 170bps 140bps 220bps 2003 2004 2003 2004 2003 2004 2003 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. MARGINS BY QUARTER – SAME FACILITY* * Excludes Bartow Memorial Hospital, which LifePoint Hospitals is expecting to exchange for another hospital in the fourth quarter of 2004 or first quarter of 2005.

  26. Years Ended December 31, 2002 2003 $ 166.8 (35.0) (13.3) (31.0) (9.7) (2.2) (32.7) (1.4) $ 41.5 $ 179.6 (43.1) (12.8) - (6.9) (0.7) (45.9) (1.7) $ 68.5 Adjusted EBITDA Depreciation and amortization Interest expense, net Debt retirement costs ESOP expense Minority interests in earnings of consolidated entities Provision for income taxes Loss from discontinued operations, net of income taxes Net income UNAUDITED SUPPLEMENTAL INFORMATION ($ in millions) Adjusted EBITDA is defined as earnings before depreciation and amortization, interest expense, debt retirement costs, ESOP expense, gain on previously impaired assets, minority interest in earnings of consolidated entity, income taxes and discontinued operations. Our management uses adjusted EBITDA to evaluate our operating performance and as a measure of performance for incentive compensation purposes. We believe adjusted EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. In addition, multiples of current or projected adjusted EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA should not be considered as a measure of financial performance under accounting principles generally accepted in the United States, and the items excluded from adjusted EBITDA are significant components in understanding and assessing financial performance. Adjusted EBITDA should not be considered in isolation or as an alternative to net income, cash flows generated by operating, investing or financing activities or other financial statement data presented in the consolidated financial statements as an indicator of financial performance or liquidity. Because adjusted EBITDA is not a measurement determined in accordance with accounting principles generally accepted in the United States and is susceptible to varying calculations, adjusted EBITDA as presented may not be comparable to other similarly titled measures of other companies.

  27. Three Months Ended September 30, Nine Months Ended September 30, 2003 2004 2003 2004 $ 43.0 (10.2) (3.3) - (1.8) (0.3) (11.0) (0.2) $ 16.2 $ 50.9 (12.1) (3.1) - (2.3) (0.1) (13.2) (0.4) $ 19.7 $ 131.5 (31.5) (9.9) - (4.9) (0.5) (34.2) (1.3) $ 49.2 $ 159.4 (34.5) (9.7) (1.5) (7.1) (0.7) (42.1) (1.5) $ 62.3 Adjusted EBITDA Depreciation and amortization Interest expense, net Debt retirement costs ESOP expense Minority interests in earnings of consolidated entities Provision for income taxes Loss from discontinued operations, net of income taxes Net income UNAUDITED SUPPLEMENTAL INFORMATION ($ in millions) Adjusted EBITDA is defined as earnings before depreciation and amortization, interest expense, debt retirement costs, ESOP expense, gain on previously impaired assets, minority interests in earnings of consolidated entities, income taxes and discontinued operations. Our management uses adjusted EBITDA to evaluate our operating performance and as a measure of performance for incentive compensation purposes. We believe adjusted EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. In addition, multiples of current or projected adjusted EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA should not be considered as a measure of financial performance under accounting principles generally accepted in the United States, and the items excluded from adjusted EBITDA are significant components in understanding and assessing financial performance. Adjusted EBITDA should not be considered in isolation or as an alternative to net income, cash flows generated by operating, investing or financing activities or other financial statement data presented in the consolidated financial statements as an indicator of financial performance or liquidity. Because adjusted EBITDA is not a measurement determined in accordance with accounting principles generally accepted in the United States and is susceptible to varying calculations, adjusted EBITDA as presented may not be comparable to other similarly titled measures of other companies.

  28. $1.76 $1.07 $0.90 $0.60 $0.54 $0.50 $0.50 $0.48 $0.45 $0.42 $0.44 $0.40 $0.36 $0.33 $0.27 $0.25 $0.20 $0.18 $0.16 $0.14 $0.13 $0.11 $(0.07) 2nd Qtr. Year 1st Qtr. 3rd Qtr. 4th Qtr. CONSISTENT EARNINGSPER SHARE HISTORY 2000 2001 (a) 2002 (b) 2003 2004 (c) • Includes effect of debt retirement costs of $(0.04) for second quarter 2001 and $(0.04) for full year. • Includes effect of debt retirement costs of $(0.02), $(0.41), $(0.06) and $(0.01) in first, second, third and fourth quarters 2002, respectively, and $(0.50) for full year. • Includes effect of debt retirement costs of $(0.02) for second quarter 2004.

  29. $1.76 $1.56 $0.94 $0.60 $0.50 $0.50 $0.42 $0.54 $0.45 $0.50 $0.40 $0.45 $0.39 $0.38 $0.34 $0.25 $0.22 $0.27 $0.20 $0.14 $0.13 $0.11 $0.16 2nd Qtr. 1st Qtr. 3rd Qtr. Year 4th Qtr. ADJUSTED EARNINGSPER SHARE HISTORY Exclusive of Debt Retirement Costs 2000 2001 (a) 2002 (b) 2003 2004 (c) • Excludes effect of debt retirement costs of $(0.04) for second quarter 2001 and $(0.04) for full year. • Excludes effect of debt retirement costs. Represents $(0.02), $(0.41), $(0.06) and $(0.01) in first, second, third and fourth quarters 2002, respectively, and $(0.50) for year. • Excludes effect of debt retirement costs of $(0.02) for second quarter 2004.

  30. 12/31/03 9/30/04 Total Debt Bank Debt 41/2% Convertible Notes Total Debt Total Stockholders’ Equity Total Capitalization $ 20.0 250.0 270.0 394.3 $664.3 $ - 221.0 221.0 477.7 $698.7 Total Debt/Capitalization Total Debt/LTM Adjusted EBITDA LTM Adjusted EBITDA/Interest Expense 40.6% 1.5x 14.0x 31.6% 1.1x 16.5x CAPITALIZATION ($ in millions)

  31. WHY INVEST IN LIFEPOINT? • Less than 10% of rural hospitals are owned by proprietary owners • Community involvement • Solid payor base • Our focus on recruiting quality physicians • Opportunities for physicians and employees to enhance their quality of life in rural communities

  32. “SERVING THE NON-URBAN COMMUNITY” To learn more about LifePoint Hospitals, Inc.please visit our website at www.lifepointhospitals.com

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