HCA projects Q1 net income to total $659M; 2 Tenet executives receive awards & more — 5 ASC company notes

Here are five updates on ASC companies from the past week.

Hospital Corporation of America expects its net income to hit $659 million for the first quarter of 2017, down from $694 million in Q1 2016.

Royal Bank of Canada reduced Medical Facilities Corp.'s rating from a "sector outperform" to a "sector perform" rating. The firm has a $19 price target on MFC shares.

The Federation of American Hospitals honored two Dallas-based Tenet Healthcare Corp. executives in March. Tenet Healthcare's Vice Chairman Keith Pitts earned the Mike Bromberg Lifetime Achievement Award for his 40-year tenure in the healthcare industry. The Federation of American Hospitals recognized Marsha Powers, CEO of Tenet Healthcare's eastern region-coastal division, with the Corris Boyd Leadership Award.

Envision Healthcare Corp. had adjusted net earnings of $266.7 million for the fiscal year 2016.

Nobilis Health closed its acquisition of Hamilton Vein Center in Sugar Land, Texas, in March. The company acquired Hamilton Vein Center for around $13.3 million, including $8.3 million in cash and $5 million in the form of convertible note.

If you have a question, issue or note to suggest on an ASC management and development company please contact Mary Rechtoris at mrechtoris@beckershealthcare.com.

More articles on surgery centers:
24 things to know about joint ventures: Examining partnerships, risk and results in 2017
HCA expects Q1 revenue to hit $10.6B: 5 things to know
$71M outpatient facility featuring ASC to open in Omaha — 5 things to know

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