Boston, MA 11/01/2013 (wallstreetpr) – HCA Holdings Inc (NYSE:HCA) is to announce quarterly results for 3Q2013 on November 5, 2013 during market hours. The company expects revenues of $8.5 billion, an increase of 4.9% over the same period last year. Net income is expected to be $0.79 per share against $0.78 per share for 3Q2012. The company expects non-GAAP adjusted EBITDA to increase to $1.6 billion against $1.5 billion reported for the same period last year.
The company has seen some good news come its way before the results are declared. The Department of Healthcare and Human Services ruled recently that hospitals could purchase or subsidize premiums of Health Insurance plans on ‘Obamacare’ exchanges. Hospitals would benefit from ‘locking’ in their customers and also profiting from the move. The amount of premiums is very small as compared to the cost of treatment. Hospitals will have to walk a tight rope; they will have to ensure that total premiums do not exceed the total cost of treatment provided. This move will benefit all hospitals; particularly for-profit hospitals.
HCA Holdings operates 163 hospitals in the U.S. covering rehabilitation, acute care, psychiatric and freestanding surgeries. The Joint Commission has included 110 of these in its annual list of Top Performers. This covers about 80% of the facilities operated by the group and will lead to a rub-on effect to the rest of the facilities also. Such high ratings ensure that patients will prefer treatment in HCA’s hospitals over non-rated hospitals.
Both the announcements are expected to lead to an increase in revenues of the companies.
In news, the company has also announced that certain shareholders particularly Bain Capital Partners LLC and Kohlberg Kravis Roberts & Co. intend to sell underwritten secondary offering 30 million shares of its common stock. No shares are being sold by the management.
The shares of the company were trading at $47.14 at the end of trading on October 31, 2013
