Sector: Health Care | Focus: Health Care Facilities
HQ: Nashville, Tennessee
Financial Risks
HCA faces risks from lawsuits, regulatory investigations, and potential tax liabilities. Significant debt, including variable interest rates, exposes the company to interest rate fluctuations. Uninsured patient accounts and potential declines in patient volumes are also risks. Hurricane-related expenses and losses of revenue are a concern. Market illiquidity for investments could impact the company's ability to access capital quickly.
Financial Upside
HCA experienced revenue growth in both the quarter and nine-month periods. Increased admissions and equivalent admissions contributed to this growth. Favorable changes in working capital, including a decline in accounts receivable, positively impacted cash flow from operations. The company repurchased shares, potentially increasing shareholder value.
