HCA Holdings has released its 2010 financial results, revealing a 2 percent increase in revenue from the year prior to $30.7 billion and a 14.5 percent increase in net income to $1.2 billion, according to an HCA release.
While revenue rose, it slowed from the 5.9 percent increase seen in 2009 compared to 2008, according to a Wall Street Journal report. Net income growth also slowed compared to the 57 percent increase HCA saw in 2009 compared to 2008.
HCA holds a total debt of $28.225 billion, according to the financial report. The company operates 164 hospitals and 105 surgery centers, along with six hospitals in England.
HCA also officially unveiled the terms of its initial public offering: 124 million shares at a price between $27 and $30 apiece, according to the Wall Street Journal report. Stock is expected to price March 9, trading the following day on NYSE under HCA.
Read the Wall Street Journal report on HCA.
Read HCA’s release on its 2010 financial results.
Read more about HCA:
– HCA to Seek Up to $30 a Share in IPO
– HCA Holdings Schedules Multibillion-Dollar IPO Pricing for March 9
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