Welcome to our dedicated page for HCA Healthcare news (Ticker: HCA), a resource for investors and traders seeking the latest updates and insights on HCA Healthcare stock.
HCA Healthcare, Inc. (symbol: HCA) is a prominent American for-profit operator of healthcare facilities, headquartered in Nashville, Tennessee. Established in 1968, HCA Healthcare is recognized as one of the largest healthcare providers in the United States. The company boasts an extensive network comprising 182 hospitals, 126 freestanding outpatient surgery centers, and numerous physician offices, urgent-care clinics, and freestanding emergency rooms.
HCA Healthcare's operations span across 20 states in the U.S. and extend to a small foothold in England. The organization is dedicated to delivering high-quality healthcare services through its acute-care hospitals and specialized facilities. Their comprehensive healthcare network ensures accessibility and comprehensive care for millions of patients annually.
Recent achievements include the expansion of telehealth services, enhancing patient access to medical consultations, and advancing clinical trials focused on innovative treatments. Financially, HCA Healthcare continues to demonstrate robust performance, with consistent revenue growth driven by patient services and strategic acquisitions. The company also collaborates with various medical institutions and organizations to foster medical research and improve healthcare outcomes.
HCA Healthcare remains committed to investing in cutting-edge medical technology and infrastructure, ensuring that their facilities are equipped with the latest advancements in healthcare. The company is also known for its community involvement, providing substantial charitable care and supporting health education initiatives.
HCA Healthcare's dedication to excellence in patient care and its extensive network of facilities make it a significant player in the healthcare industry.
HCA Healthcare announced record-breaking results from its sixth annual 'Crush the Crisis' prescription drug take-back day, collecting 21,137 pounds of unused or expired medications. This represents approximately 14.5 million doses collected across more than 125 collection sites. The initiative, conducted in partnership with local law enforcement and aligned with the DEA's National Prescription Drug Take Back Day, has now collected over 88,600 pounds of medication since 2019. Top collecting facilities included CJW Medical Center in Virginia (992 pounds) and HCA HealthONE Aurora in Colorado (861 pounds).
The Frist Foundation has donated $1 million to the HCA Healthcare Hope Fund to support employees affected by Hurricanes Helene and Milton. The devastating hurricanes left over four million people without power in the Southeast region. More than 3,400 HCA Healthcare colleagues have received assistance, with $2.7 million in grants already distributed to those impacted. The HCA Healthcare Hope Fund, a 501(c)(3) charity, has provided over $113 million through more than 60,000 grants since its inception to help employees and their immediate families facing financial hardship.
HCA Healthcare has been named a Best for Vets Employer by Military Times for the fifth consecutive year, recognizing its commitment to recruiting and supporting veterans. The company has hired over 65,000 veterans, active-duty personnel, and military spouses since 2012. In honor of Veterans Day, HCA Healthcare is donating $150,000 to support various veteran-focused organizations including Armed Services YMCA, CreatiVets, The Honor Foundation, and Operation Stand Down.
The company has earned multiple recognitions, including the Gold distinction from VIQTORY for the second year running. HCA Healthcare maintains a Veterans Colleague Network and offers military leave with supplemental pay to eligible employees serving on active duty.
HCA Healthcare reported strong Q3 2024 financial results with revenues of $17.487 billion, up from $16.213 billion in Q3 2023. Net income reached $1.270 billion ($4.88 per diluted share), including a $0.15 per share impact from Hurricane Helene. Same facility admissions and equivalent admissions both increased 4.5%. Emergency room visits rose 4.6%, while inpatient surgeries grew 1.6%. The company maintained its 2024 guidance but expects results in the lower half of the range due to hurricane impacts, with anticipated Q4 hurricane-related costs of $200-300 million.
HCA Healthcare, Inc. (NYSE: HCA) is set to participate in three major healthcare conferences in November 2024. The company will present at the UBS Global Healthcare Conference on November 14 at 7:15am PT in Ranchos Palos Verdes, CA, the Wolfe Research Healthcare Conference on November 20 at 11:20am ET in New York, NY, and the Stephens Annual Investment Conference on November 21 at 8:00am CT in Nashville, TN.
Live audio webcasts and presentation materials, where available, will be accessible through the Investor Relations section of HCA Healthcare's website. Investors are advised to check the conference schedule or the company's website for any potential changes to dates and times.
HCA Healthcare has announced a $1 million donation towards Hurricane Helene disaster relief efforts in North Carolina. The category 4 hurricane made landfall on September 26, 2024, causing widespread damage and power outages. HCA Healthcare operates seven hospitals in western North Carolina, where many colleagues were affected.
The donation includes:
- $250,000 to the United Way of Asheville and Buncombe County
- $250,000 to the American Red Cross of North Carolina
- $500,000 to other community partners
HCA Healthcare activated its Enterprise Emergency Operations Center to support hospital leadership and distribute resources. Over 100 nurses and other healthcare professionals from across the country are providing support to local caregivers. The company is also a longstanding partner of the American Red Cross, contributing $500,000 annually to their disaster relief efforts.
HCA Healthcare, Inc. (NYSE: HCA) has announced its upcoming 3rd Quarter 2024 Earnings Conference Call. The webcast is scheduled for Friday, October 25, 2024, at 9:00 am central (10:00 am eastern). Investors and interested parties can access the live audio stream through the company's investor relations website. For those unable to attend the live event, an archived version of the call will be made available on the same platform.
Frank Morgan, Vice President of Investor Relations, is the primary contact for this event. The company has provided both investor and media contact information for further inquiries. This earnings call is an important event for shareholders and analysts to gain insights into HCA Healthcare's financial performance and future outlook.
HCA Healthcare presented its annual Awards of Distinction, honoring exceptional employees, physicians, and volunteers. The awards include the Frist Humanitarian Award, the HCA Healthcare Innovators Award, and the Excellence in Nursing Award.
The Frist Humanitarian Award recipients are Samantha McClelland (employee), Dr. Jonathan Jacobs (physician), and Paulette Bennett (volunteer). Each demonstrated extraordinary commitment to serving others.
Jedediah Vivio received the Innovators Award for his work on the Expanse Automation team, contributing to HCA Healthcare's new electronic health record platform.
The Excellence in Nursing Award recipients are Roni S. Hutson for Professional Mentoring and Heather Hurlburt for Compassionate Care. Both nurses have shown exceptional dedication to patient care and professional development.
These awards reflect HCA Healthcare's commitment to recognizing individuals who exemplify the organization's culture and values.
HCA Healthcare, Inc. (NYSE: HCA) is set to participate in two major healthcare conferences in September 2024. The company will present at the 2024 Wells Fargo Healthcare Conference on September 5 at 8:00 AM ET in Everett, MA. Later that day, at 3:20 PM ET, HCA will also present at Morgan Stanley's 22nd Annual Global Healthcare Conference in New York, NY.
Investors and interested parties can access live audio webcasts and presentation materials through the Investor Relations section of HCA Healthcare's website. The company advises checking the conference schedule or their website for any potential changes to dates and times. These presentations offer valuable opportunities for stakeholders to gain insights into HCA Healthcare's operations and future strategies.
HCA Healthcare's subsidiary, HCA Inc., has announced a proposed public offering of senior notes. The terms, including maturity, interest rate, and principal amount, will be determined based on market conditions at pricing. The net proceeds are intended for general corporate purposes, potentially including repayment of borrowings under the company's senior secured asset-based revolving credit facility. Citigroup Global Markets, BofA Securities, J.P. Morgan Securities, and Wells Fargo Securities are acting as joint book-running managers for the offering. The offering is being made through an effective shelf registration statement filed with the SEC, with details available in the preliminary prospectus supplement and accompanying prospectus.
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