Six key results:
1. Revenues reached about $12.5 billion in the first quarter ended March 31, compared to $11.4 billion in the first quarter of 2018. HCA’s $86 million increase in revenues during the first quarter of 2019 was attributed to ending an arbitration over out-of-network claims.
2. HCA’s net income for the quarter was about $1 billion, or $2.97 per diluted share. That’s a decrease from $1.14 billion, or $3.18 per diluted share, in the first quarter of 2018.
3. Same-facility inpatient surgeries dipped 0.3 percent year over year. Same-facility outpatient surgeries continued climbing, with a 1.3 percent year-over-year increase.
4. The company’s adjusted EBITDA was $2.54 billion, compared to about $2.12 billion in the first quarter of 2018.
5. Cash flows from operations were $974 million, down from nearly $1.3 billion in the first quarter of 2018.
6. HCA revised its 2019 guidance. It now expects between $50.5 billion and $51.5 billion in revenues; adjusted EBITDA between $9.45 billion and $9.85 billion; and about $3.7 billion in capital expenditures for the year.
More articles on transactions/valuation:
Dr. Kellen Jex joins Riverpark Medical Center — 3 insights
Capital Digestive Care reopening office — 3 insights
6 GI-focused ASCs, endoscopy centers opened or announced in March & April
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
