EXHIBIT 99.1
(VANGUARD LOGO)
Vanguard Reports Fourth Quarter and Year-End 2011 Results
Q4 2011 Same Hospital Total Revenues Increase 3.9 Percent
NASHVILLE, Tenn. — August 25, 2011 — Vanguard Health Systems, Inc. (NYSE: VHS) today announced financial and operating results for the fourth quarter and fiscal year ended June 30, 2011.
Fourth Quarter 2011 Key Metrics (all percentage changes compare Q4 2011 to Q4 2010):
Consolidated:
    Total revenues increased 75.0 percent
    Net loss attributable to Vanguard Health Systems, Inc. stockholders was $9.9 million, or $0.21 loss per diluted share, which included a pre-tax charge of $27.6 million, or $0.45 per diluted share net of taxes, primarily related to the termination of Vanguard’s transaction and monitoring fee agreement with its equity sponsors in conjunction with Vanguard’s initial public offering and monitoring and financial advisory fees paid to its equity sponsors for fiscal year 2011 transactions
    Adjusted EBITDA increased 57.2 percent to $130.3 million
Same Hospital:
    Total revenues (including health plan revenues) increased 3.9 percent
    Adjusted discharges increased 0.7 percent
    Discharges declined 2.5 percent
Fiscal Year 2011 Key Metrics (all percentage changes compare fiscal year 2011 to fiscal year 2010):
Consolidated:
    Total revenues increased 45.0 percent
    Net loss attributable to Vanguard Health Systems, Inc. stockholders was $10.9 million, or $0.24 loss per diluted share, which included a pre-tax charge of $31.3 million, or $0.52 per diluted share net of taxes, primarily related to the termination of Vanguard’s transaction and monitoring fee agreement with its equity sponsors in conjunction with Vanguard’s initial public offering and monitoring and financial advisory fees paid to its equity sponsors for fiscal year 2011 transactions
    Adjusted EBITDA increased 29.5 percent to $423.0 million
Same Hospital:
    Total revenues (including health plan revenues) increased 4.5 percent
    Adjusted discharges increased 2.4 percent
    Discharges declined 0.3 percent
Discussion of Results
The increases in consolidated total revenues during the fourth quarter of 2011 and during fiscal year 2011 were primarily attributable to the acquisition of The Detroit Medical Center in January 2011 and other hospitals acquired earlier in fiscal year 2011. The increase in same hospital total revenues (including health plan revenues) during the fourth quarter of 2011 was primarily comprised of a 3.0 percent increase in patient revenue per adjusted discharge and a 0.7 percent increase in adjusted discharges. The increase in same hospital total revenues (including health plan revenues) during fiscal year 2011 was primarily comprised of a 2.5 percent increase in patient revenue per adjusted discharge and a 2.4 percent increase in adjusted discharges. Revenues from Vanguard’s health plan operating segment increased 5.4 percent and 3.5 percent during the fourth quarter of 2011 and during fiscal year 2011, respectively.

 

 


The following information was filed by Vanguard Health Systems Inc (VHS) on Thursday, August 25, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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