Here’s what you should know:
1. The company reported a 7.5 percent increase in revenues year over year.
2. Net income attributable to HCA totaled $1.14 billion, or $3.18 per diluted share.
3. HCA’s adjusted EBITDA totaled $2.12 billion for the quarter.
4. Concerning caseloads, same-facility emergency room visits increased 3.5 percent year over year, complemented by a 0.3 percent increase in same-facility inpatient cases.
5. HCA’s outpatient surgery centers increased their reported cases by 2.2 percent from 225,915 to 230,869. Concerning same-facility cases, HCA posted a 0.5 percent decrease from 220,966 cases to 219,906 cases.
6. As of March 31, HCA operated 178 hospitals and approximately 1,800 sites of care, including surgery centers, freestanding ERs, urgent care centers and physician clinics. Of freestanding outpatient surgery centers, HCA increased its total to 120 in the quarter from 118 last year.
7. HCA will pay stockholders of record a $0.35 per share dividend June 1.
8. For the full year, HCA expects revenues between $45 billion and $46 billion, with an adjusted EBITDA of $8.45 billion to $8.75 billion.
More articles on transactions/valuations:
Task force releases intraocular surgical instrument sterilization guidelines for ASCs — 5 key insights
Demand more: What GI physicians should expect from their pathology lab
The payment shift: patients as payers
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.