Summit Health Quarterly Profit Is $1.8 Million

Summit Health Ltd., which operates hospitals and other health-care facilities, reported a $1.8-million profit in its fiscal fourth quarter, compared with a loss of $700,000 a year earlier.

The Burbank-based concern said the profit in the quarter ended June 30 came on a 12% increase in revenue, to $102.3 million from $91.3 million. Besides hospitals, Summit Health also manages long-term care and retirement centers and provides medical services.

For its full fiscal year, Summit Health’s profit tripled, to $7.2 million from $2.4 million the previous year, and its annual revenue rose 5% to $392.3 million from $375.3 million.