HCA Healthcare 3Q Revenue Increases; ER Visits Up Sharply
October 22 2021 - 7:48AM
Dow Jones News
By Matt Grossman
HCA Healthcare Inc. Friday logged a rise in revenue in the third
quarter as its hospitals faced a surge of patients battling
Covid-19.
The Nashville, Tenn.-based hospital company posted third-quarter
earnings of $7 a share, up from $1.95 a share in the same
three-month period a year earlier. Analysts polled by FactSet had
forecast earnings of $3.98 a share.
Net income attributable to the company rose to $2.27 billion,
from $668 million a year earlier.
Gains on sales of facilities contributed $2.43 a share to the
company's quarterly earnings, related to the sale of four hospitals
in Georgia and other health care entity investments.
Revenue increased to $15.28 billion, from $13.31 billion in
2020's third quarter. Analysts were expecting revenue of $14.48
billion.
The third quarter brought the most intense patient surge of the
Covid-19 pandemic to date, HCA said, as the virus's delta variant
infected more people. Same-faculty equivalent admissions rose 9.3%
year-over-year, and same-facility emergency-room visits were up
31%.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 22, 2021 07:33 ET (11:33 GMT)
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