Hca Healthcare Inc Stock Price, News & Analysis

HCA Healthcare, one of the leading healthcare providers in the U.S., announced a significant organizational change effective January 1, 2023. This involves creating a third operating group to enhance alignment with the company’s strategy and improve long-term performance. Jon Foster has been promoted to Executive Vice President & Chief Operating Officer, overseeing key operational areas. Additionally, several leadership promotions were announced across various divisions. This restructuring aims to streamline decision-making and provide focused support for the company’s networks.

HCA Healthcare reported third-quarter 2022 results, revealing revenues of $14.971 billion, a decrease from $15.276 billion in Q3 2021. Net income fell to $1.134 billion, or $3.91 per diluted share, compared to $2.269 billion, or $7.00 per diluted share, last year. Adjusted EBITDA was $2.902 billion, down from $3.224 billion. Same facility admissions declined by 1.5%, while equivalent admissions increased 2.3%. Hurricane Ian impacted operations with estimated costs of $35 million. The company also declared a quarterly dividend of $0.56 per share, payable on December 28, 2022.

The American Heart Association's initiative, Getting to the Heart of Stroke, is launched with HCA Healthcare to enhance stroke prevention and treatment. This program emphasizes education for communities and health professionals, focusing on reducing health disparities. The initiative will roll out individualized health education in 15 local markets across the U.S., promoting collaboration between neurology and cardiology. It aims to empower consumers to manage stroke risks and improve overall health outcomes, particularly for vulnerable populations.

HCA Healthcare has announced a $1.5 million donation to Fisk University to fund scholarships for nursing students. This donation is part of HCA's commitment to allocate $10 million over three years to Historically Black Colleges and Universities (HBCUs) and Hispanic Serving Institutions (HSIs). To date, HCA has pledged roughly $6.75 million in scholarships. This initiative aims to enhance diversity in the healthcare workforce by providing educational support and career guidance to students pursuing a Bachelor of Science in Nursing at Galen College of Nursing.

HCA Healthcare has announced a generous $1.5 million donation to Tennessee State University (TSU) aimed at creating scholarship opportunities for students in healthcare and computer science. This donation is part of HCA's broader commitment to invest $10 million over three years in Historically Black Colleges and Universities (HBCUs) and Hispanic Serving Institutions (HSIs). This investment supports scholarships and mentorship programs, enhancing diversity in healthcare.

HCA Healthcare, Inc. (NYSE: HCA) has scheduled its 3Q Earnings Release Call for October 21, 2022, at 8:00 am Central (9:00 am Eastern). This event will be available via live audio on the internet, and an archive will be accessible afterward on the company’s investor relations website. Investors can tune in to gain insights into the company's recent financial performance and future outlook.

HCA Healthcare, Inc. (NYSE: HCA) hosted its annual Awards of Distinction ceremony in Nashville, honoring exemplary employees, physicians, and volunteers. Awards include the Frist Humanitarian Award, Innovators Award, and Excellence in Nursing Awards. This year’s recipients include Diana Elizabeth Moll, Emeka J. Nchekwube, and Jo Watson for humanitarian efforts; Nathan Watkins for innovation in patient care; and Sarah Nicole Romero and Nadia Gueorguieva for nursing excellence. Each recipient received cash awards and donations to charities of their choice, reinforcing HCA's commitment to healthcare and community service.

HCA Healthcare (NYSE: HCA) announced the retirement of Bruce Moore, president of service line and operations integration, effective year-end after a 40-year career with the company. Moore's leadership contributed to significant growth, including a behavioral health services platform, 70 rehab facilities, and the acquisition of the Sarah Cannon Research Institute. A search for his successor is in progress. CEO Sam Hazen praised Moore's commitment and impact on the company. HCA operates 182 hospitals and around 2,300 ambulatory sites in the U.S. and the UK.