HCA Continues To Drive Organic Growth
Alpha Gen Capital
Alpha Gen Capital
HCA Holdings: A Low-Risk Play On Continued Reform Growth
Alpha Gen Capital
Alpha Gen Capital
Jul. 25, 2014, 3:27 PM
- Money is flowing into hospital management firms today on bullish views about the impact of The Affordable Care Act. LifePoint Hospitals (LPNT +7.2%) leads the charge after it increased its earnings guidance earlier today.
- (UHS +6.6%) (HCA +2.3%) (SEM +0.4%) (THC +8.8%) (SSY -4.2%) (CYH +3.8%) (CHDX) (SCAI +1%) (ADPT -1.1%)
Jul. 16, 2014, 10:05 AM
- HCA Holdings (HCA +8%) Q2 preliminary results: revenues: $9.23B (+9.2%); pre-tax income: $904M (+12.2%); EPS: $1.07 (+17.6%).
- Same facility admissions +1.2%; same facility equivalent admissions +2.2%; same facility revenue per equivalent admission +5.4%; case mix +1.7%.
- Updated 2014 guidance: revenues: $36.0B - 36.5B up from $35.5B - 36.5B; adjusted EBITDA: $7.0B - 7.15B up from $6.6B - 6.85B; adjusted EPS: $4.00 - 4.25 up from $3.45 - 3.75; CAPEX: ~$2.2B (unch).
May 19, 2014, 4:50 PM
- Bain Capital and KKR lead an investors group that plans to offer 15M shares of HCA Holdings (HCA +0.5%) common stock for public sales pursuant to a shelf registration. The selling shareholders will receive 100% of the proceeds.
- Closing date is May 23.
Apr. 29, 2014, 9:45 AM
Apr. 29, 2014, 8:36 AM
- HCA Holdings (HCA): Q1 EPS of $0.84 misses by $0.01.
- Revenue of $8.83B (+4.6% Y/Y) misses by $70M.
Apr. 28, 2014, 5:30 PM
- ABB, AGCO, AIXG, ALR, AMG, ARRY, AXE, BMY, BP, BSX, CARB, CCJ, CHKP, CIT, CMI, CNX, COH, CPLA, CRY, DBD, DDD, DORM, ESV, ETN, FDP, FLWS, FRX, GAS, GEO, GLT, GT, GTLS, HCA, HCBK, HRS, HUN, HW, IPGP, IRWD, KLIC, LG, LKQ, LRN, LYB, MGI, MGLN, MGM, MHFI, MLM, MRK, NMM, NOK, OSK, PCAR, PES, PH, POR, RESI, ROK, RTRX, RYN, S, SAVE, SCOR, SLAB, ST, TRW, UBSI, UDR, UTHR, VAC, VLO, WAT, WDR, WRLD, WWW, XYL.
Apr. 22, 2014, 3:18 AM
- Hospital Corp of America (HCA) is among a number of suitors interested in acquiring Healthscope, an Australian hospital and pathology company being sold by private-equity owners Carlyle (CG) and TPG, the WSJ reports. A deal could be worth $5B.
- Other prospective buyers for Healthscope include China's Shanghai Fosun Pharmaceutical and Malaysia's IHH Healthcare (IHHHF).
- Alternatively, Healthscope could carry out an IPO.
- TPG and Carlyle bought the company for $1.7B in 2010.
Apr. 11, 2014, 4:01 AM
- The White House has confirmed that Health & Human Services Secretary Kathleen Sebelius is resigning and will be replaced by Sylvia Burwell, the director of the Office of Management & Budget, assuming the latter is confirmed by the Senate.
- Sebelius' departure comes after she said in October that she should be held "accountable for the debacle" of the launch of Obamacare, although the program did reach the government's target of 7M sign-ups by the end of March. She said yesterday that at least 7.5M people have enrolled.
- One of Burwell's first challenges will be to work with health insurers as they set prices for Obamacare plans in 2015, which industry executives have warned could rise sharply.
- More on Obamacare
- Health insurers: AET, HNT, HUM, UNH, WLP, MO
- Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT
- Pharmacies: WAG, CVS, BIOS, RAD, MHS, PMC, OCR
- ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
Apr. 2, 2014, 10:25 AM
- The federal mandate expanding the number of diagnostic codes to 69,000 from today's 14,000 and procedure codes to 85,000 from 13,000 stresses healthcare providers. The mandate's intent, termed ICD-10, is to increase the accuracy of reporting and reduce fraud.
- Healthcare institutions face significant investments in training and IT system updates in order to comply with the new rules.
- The original conversion date was October 1, but the Senate passed a bill on Monday granting institutions a one-year reprieve.
- (UHS) (HCA) (SSY) (LPNT) (THC) (CYH) (CHDX) (SEM) (SCAI)
Apr. 2, 2014, 7:43 AM
- The U.K.'s Competition & Markets Authority (CMA) has ordered HCA International (HCA) to sell one or more of its hospitals in London, saying that the the company has too much power in the market for self-pay and insured patients.
- HCA owns over half the available overnight bed capacity, and its strength allows it to charge higher prices to insurers.
- In a further blow to HCA, the CMA isn't forcing HCA rival BMI to sell any of its centers despite earlier considering such a move.
Feb. 10, 2014, 5:13 AM
- Around 4.8M people aged 18-64 get no government help to buy medical insurance - because they earn too little to qualify for federal subsidies. However, they earn too much to receive benefits under state programs.
- The gap is the result of 24 states deciding not to expand Medicaid coverage under the Affordable Care Act.
- However, some states are revisiting their policies in order to cover the hole, which hospitals such as UAB Health System see as a threat to their revenues.
- More on Obamacare
- Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT.
- ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
Feb. 4, 2014, 8:22 AM
- HCA Holdings, Inc. (HCA): Q4 EPS of $0.92 beats by $0.07.
- Revenue of $8.84B (-7.3% Y/Y) beats by $20M.
Feb. 4, 2014, 12:05 AM
Feb. 3, 2014, 5:30 PM
Jan. 8, 2014, 1:51 PM
- Deutsche Bank is out positive on hospital stocks for 2014.
- "We continue to believe the investment case for hospitals remains solid for 2014," analyst Darren Lehrich says, adding that the firm "believes investors will gain increased evidence that coverage expansion from the ACA will reduce uncompensated care / increase margins -- even in the face of continued soft underlying inpatient volume trends."
- As for specific picks, Lehrich lifts his target on HCA Holdings (HCA +1.5%) to $58 (from $56), representing upside of 16% from Tuesday's close.
Jan. 7, 2014, 3:33 AM
- National healthcare spending grew less than 4% for the fourth year in a row in 2012, rising 3.7% to $2.8T, a report by the Centers for Medicare & Medicaid Services shows.
- As a proportion of the total economy, expenditure edged down to 17.2% from 17.3%.
- The authors of the report said that the continued slow increase in spending was due to the lingering impact of the recession but that Obamacare has had a limited effect. However, the White House said the figures vindicated the President's signature policy.
- The authors were also cautious about whether the trend will continue, or whether growth will return to the higher levels experienced prior to the recession.
- The cost of hospital care rose 4.9% in 2012 and that for doctors' services and outpatient clinics 4.6%, although spending on prescription drugs increased just 0.4%, due to patent expiries.
- Relevant tickers: AET, HNT, HUM, UNH, WLP, MOH, HCA, CYH, THC, UHS, HMA, LPNT, WAG, CVS, BIOS, RAD, MHS, PMC, OCR, MCK, CAH, ABC, ESRX, MHS, CAH.
- ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
HCA Holdings, Inc. owns and operates hospitals, freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, comprehensive rehabilitation and physical therapy centers and various other facilities. It provides services such medical specialties as internal... More
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