FierceHealthcareFierceHealthITFierceHealthFinanceFierceEMRHospital ImpactFierceMobileHealthcare   FierceCompliance IT

HCA predicts better first-quarter profits

Tools
Tags
HCA
bad debt
Term Loans
Net Proceeds

HCA has reported that it expects to announce much-better first-quarter profits for this year compared with 2008, largely due to higher outpatient volume and better control of expenses.

HCA now expects pre-tax income of about $600 million to $650 million for the quarter, compared to $344 million in the year-ago quarter. These numbers were bolstered by the fact that same-facility equivalent admissions climbed 1.9 percent.

Quarterly revenue for Q1 '09 is expected to be between $7.4 billion and $7.45 billion, up from $7.27 billion a year ago, HCA leaders say.

To keep finances in balance, HCA will also offer $500 million in 10-year, senior secured notes, whose net proceeds will be used to repay term loans HCA has due in 2012 and 2013.

To learn more about HCA's expected results:
- read this Modern Healthcare article (reg. req.)

Related Articles:
HCA sees debt rising until patients get insured
HCA boosts income, stabilizes bad debt expense

Bookmark and Share
Get Your FREE FierceHealthFinance Email Newsletter:
Be the first to comment

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.