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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 reported strong fourth-quarter results for 2021 with revenues of $15.064 billion, up from $14.293 billion year-over-year. Net income rose to $1.814 billion or $5.75 per diluted share, boosted by $563 million in facility sales gains. Notably, adjusted EBITDA reached $3.149 billion, slightly higher than the previous year. The company announced a new $8 billion share repurchase program and a quarterly dividend of $0.56 per share. For 2022, HCA estimates revenues between $60.0-$62.0 billion and net income between $5.550-$5.835 billion.
HCA Healthcare (NYSE: HCA) plans to build five new full-service hospitals in Texas to address the growing healthcare demands of the state. The new locations include Dallas Fort-Worth, Houston, San Antonio, and two in Austin, with partnerships involving local healthcare foundations. HCA currently operates 45 hospitals and 632 affiliated care sites in Texas, having invested approximately $6.6 billion over the last five years to enhance its healthcare services. CEO Sam Hazen emphasized that this expansion will better serve the increasing population's healthcare needs.
HCA Healthcare (NYSE: HCA) has appointed Andrea B. Smith as an independent director, expanding its board from 10 to 11 members. Effective immediately, she will serve on the audit and compliance committee and the patient safety and quality of care committee. Smith's extensive experience includes over 30 years at Bank of America, where she was the chief administrative officer. The addition of her financial and operational expertise is expected to enhance HCA's commitment to improving patient care.
HCA Healthcare has announced a $1.35 million donation over three years to Educate Texas through its Healthier Tomorrow Fund. This initiative aims to enhance student access to healthcare career programs in Texas, particularly through the P-TECH model. This program allows students to earn a high school diploma along with a two-year degree or credentials in healthcare fields. HCA's Healthier Tomorrow Fund, with $80 million dedicated to community initiatives, has allocated $4.5 million to various organizations since 2021, highlighting the company's commitment to health equity and workforce development.
HCA Healthcare, Inc. (NYSE: HCA) has announced its 4Q Earnings Release Call scheduled for January 27, 2022, at 9:00 AM Central. The call will be accessible through a live audio webcast on the company's investor relations website. For those unable to attend live, an archived version will be available online post-event. This quarterly earning report is crucial as investors await insights into the company's financial performance during the last quarter.
Brentwood Associates has sold MD Now Urgent Care to HCA Healthcare. This transaction, completed in late 2021, marks a significant move for both companies. MD Now, Florida's largest urgent care provider, operates 59 clinics and treated over 900,000 patients in 2021. Following Brentwood's 2018 investment, MD Now expanded its clinic network despite the pandemic challenges. Both companies aim to enhance patient care in Florida. Financial details of the sale remain undisclosed.
HCA Healthcare (NYSE: HCA) has acquired MD Now Urgent Care, a network of 59 urgent care centers in Florida, enhancing its footprint in the urgent care market. This acquisition expands HCA's operations to over 170 clinics across 19 markets. CEO Sam Hazen emphasized the integration of MD Now into HCA's extensive statewide healthcare network, supporting over 6.4 million patients annually. The investment aligns with HCA's commitment to patient-centered care in Florida, where it has invested around $3 billion in healthcare facilities over three years.
HCA Healthcare has appointed Frank Morgan as the new vice president of investor relations, effective January 1, 2022. Morgan, with over 30 years of experience in healthcare financial analysis, currently serves as managing director at RBC Capital Markets. He succeeds Mark Kimbrough, who is retiring after nearly 40 years at HCA. Kimbrough has been instrumental in establishing strong investor relationships. The transition is expected to maintain continuity in investor relations, leveraging Morgan's extensive experience in the healthcare sector.
HCA Healthcare has announced its third consecutive donation of
HCA Healthcare has committed to donating