HCA, the largest owner of acute care facilities, has announced a 92 percent increase in net income and a 4.3 percent increase in revenue for the first quarter of 2009, despite increases in charity care spending, according to a report by the Wall Street Journal.
The company reported a net income of $432 million for the quarter, compared to $225 million in first-quarter 2008.
HCA attributed the increases to cost controls, growth efforts and patient care.
Read the Wall Street Journal‘s report on the HCA first-quarter earnings.
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