HCA Reports 38% Decline in Profits for Q1

Hospital Corporation of America has reported its first quarter 2011 results, showing revenue of $8 billion, an increase of 6.8 percent increase from first quarter 2010, according to a company news release.

Advertisement

Net income attributable to HCA totaled $240 million — a 38 percent decline from the $388 million the company saw in Q1 2010.

The company’s net income figure includes a pre-tax charge of $181 million  related to the termination of HCA’s management agreement with its investors in conjunction with its IPO.

Adjusted EBITDA increased by 1 percent to $1.590 billion.

Read the release on HCA’s Q1 2011 financial results.

Related Articles on Healthcare System Financial Results:
Tenet Q1 Report Shows Decreased Net Income, Increased Admissions
LifePoint Q1 Net Income Up 7.5%
CHS Q1 Income Down 12%, But Revenues Rise

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.