Nashville, Tenn.-based Hospital Corporation of America expects its total adjusted EBITDA for fiscal year 2013 will be $65 million to $75 million higher than its initial guidance.
HCA, the largest for-profit hospital chain in the United States by revenue, previously estimated its year-end adjusted EBITDA, a measure of profitability, would be about $6.5 billion. HCA's new estimates would put the figure at almost $6.6 billion.
Full fourth-quarter and 2013 financials are expected to be released Feb. 4. HCA is one of many health systems currently attending the J.P. Morgan Healthcare Conference in San Francisco, where officials plan to elaborate on results and strategy.
Through the first nine months of 2013, HCA's adjusted EBITDA totaled almost $4.9 billion. Total revenue exceeded $8.4 billion. On Wall Street, HCA's stock prices rose more than 52 percent throughout 2013 and are trading at more than $51 per share.
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