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HCA Holdings, Inc. (HCA)

- NYSE
  • Mon, Feb. 23, 12:07 PM
    • Among the additions to the index (which fuels the IBLN ETF) are EMC, Google (GOOG, GOOGL), Goodyear (NASDAQ:GT), Mohawk Industries (NYSE:MHK), PVH, Time Warner (NYSE:TWX), and Yahoo (NASDAQ:YHOO). There are three health care additions as well: Allergan (NYSE:AGN), Amgen (NASDAQ:AMGN), and HCA. The lone energy name added is Consol Energy (NYSE:CNX).
    • Exiting the index are energy names Halliburton (NYSE:HAL) and National-Oilwell Varco (NYSE:NOV), along with healthcare companies AbbVie (NYSE:ABBV), Aetna (NYSE:AET), Humana (NYSE:HUM), and Tenet Healthcare (NYSE:THC). Citigroup (NYSE:C), CBS, Crown Castle (NYSE:CCI), and Michael Kors (NYSE:KORS) round out those subtracted.
    • IBLN tracks the highest-conviction S&P 500 picks by hot-handed billionaires who built their fortunes through hedge funds and investing. The list of billionaires tracked is updated each October, and the equity components are rebalanced each quarter after sifting through regulatory filings.
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  • Thu, Feb. 5, 9:04 AM
    • Fourteen of 23 prominent hospitals contacted by Reuters have rolled out pilot programs of Apple's HealthKit service, which enables the remote monitoring of patient-generated health information, such as blood pressure, weight and heart rate, via an iPhone. The technology will potentially enable physicians detect early signs of trouble and to intervene accordingly in patients with chronic diseases like diabetes and hypertension before the situation becomes acute (and much more expensive).
    • Google and Samsung have released similar services and have also begun to reach out to hospitals. This bodes well for patients and doctors alike.
    • Related tickers: (NYSE:HUM) (NYSE:HCA) (NYSE:UHS) (NYSE:CYH) (NASDAQ:LPNT) (NYSE:SEM) (NYSE:ADPT) (NYSEMKT:SSY) (NYSE:THC)
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  • Tue, Feb. 3, 8:59 AM
    • HCA Holdings (NYSE:HCA) Q4 Results ($M): Revenues: 9,636 (+9.1%); Operating Expenses: 7,719 (+7.6%); Non-GAAP EBITDA: 1,956 (+14.1%); Net Income: 527 (+24.3%); EPS: 1.19 (+29.3%); CF Ops: 1,627 (+32.7%); Quick Assets: 566 (+36.7%).
    • Admissions: 458,000 (+5.5%); Equivalent Admissions: 760,200 (+6.1%); Revenue Per Equivalent Admission: 12,676 (+2.7%); Inpatient Revenue Per Admission: 12,461 (+2.8%); Patient Days: 2,216,700 (+6.3%); Equivalent Patient Days: 3,679,000 (+7.0%); Inpatient Surgery Cases: 132,600 (+3.0%); Outpatient Surgery Cases: 233,400 (+0.2%); ER Visits: 1,949,200 (+11.1%).
    • 2015 Guidance: Revenues: $38.5B - 39.5B; Non-GAAP EBITDA: $7.35B - 7.65B; Non-GAAP EPS: $4.55 - 4.95; CAPEX: ~$2.4B.
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  • Tue, Feb. 3, 8:33 AM
    • HCA Holdings (NYSE:HCA): Q4 EPS of $1.33 beats by $0.10.
    • Revenue of $9.64B (+9.0% Y/Y) beats by $50M.
    • Press Release
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  • Mon, Feb. 2, 5:30 PM
  • Mon, Feb. 2, 1:33 PM
    • HCA Holdings (HCA -1.6%) will report Q4 and full-year results tomorrow before the open. The conference call will begin at 9:00 am CT/10:00 am ET.
    • Consensus views for Q4 and 2014 are EPS of $1.23 and $4.61 on revenues of $9.6B and $39.9B, respectively.
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  • Fri, Jan. 23, 5:31 PM
    • Hospital giant HCA Holdings will take Safeway's place in the S&P 500 after Monday's close. Safeway is about to be acquired by fellow supermarket chain Albertsons.
    • HCA +2.7% AH to $70.50.
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  • Tue, Jan. 13, 10:27 AM
    • HCA Holdings (HCA -1.7%) plans to offer $750M aggregate principal amount of senior notes. Proceeds will be used to repay at maturity its $750M aggregate principal amount of outstanding 6.375% Senior Notes due 2015 and for general corporate purposes.
    • Pricing has yet to be determined.
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  • Fri, Jan. 9, 5:31 PM
    • HCA +2.6% AH after raising guidance for FY 2014 EBITDA to ~$7.4B from an earlier range of $7.25B-$7.35B.
    • HCA says Q4 results will include a $68M increase in Medicaid revenues related to the reversal of the Texas Medicaid Waiver Program adjustment that had been recorded in Q3.
    • Says same-facility admissions rose ~5% in Q4, while same-facility emergency room visits rose ~10.5%.
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  • Dec. 2, 2014, 10:22 AM
    • Based on data collected from the analysis of medical records, the Centers for Medicare and Medicaid Services (CMS) report that U.S. hospitals saved 50,000 lives in 2013 by making 17% fewer medical mistakes. The improvement includes a 9% decline in hospital-acquired conditions such as infections, bedsores and pneumonia.
    • Secretary of Health and Human Services (HHS) Sylvia Burwell is scheduled to announce the findings today at the CMS Healthcare Quality Conference in Baltimore.
    • In 1999, the Institute of Medicine estimated that almost 100K people die each year from medical mistakes and poor quality of care. In 2010, the HHS inspector general estimated that poor care contributed to the deaths of 180K Medicare patients.
    • One motivator for the improvement is a change in the way Medicare pays hospitals. Under updated rules, CMS reduces the reimbursement rate for hospitals that readmit too many patients within 30 days of discharge, an indicator of substandard care the first time.
    • ETFs: IRY, IXJ,
    • Hospital tickers: (HUM)(HCA +0.2%)(UHS -0.3%)(SEM +0.8%)(LPNT +0.4%)(CYH +0.3%)(SSY -0.2%)
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  • Oct. 28, 2014, 3:54 PM
    • (HCA -0.5%) acquires privately-held CareNow, an operator of 24 urgent care centers in the Dallas-Fort Worth area. The independent medical services provider was founded in 1993 and serves ~9% of the local population.
    • Financial terms are not disclosed. The transaction should close in Q4.
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  • Oct. 28, 2014, 11:56 AM
    • HCA Holdings (HCA -0.5%) Q3 results ($M): Revenues: 9,220 (9.0%); Operating Expenses: 8,291 (+6.9%); Net Income: 611 (+30.8%); EPS: 1.16 (+46.8%); Quick Assets: 515 (-21.7%); CF Ops (9 mo.); 2,821 (+15.0%).
    • Number of hospitals: 165 (+1.9%); licensed beds: 43,241 (+2.9%); admissions: 449,400 (+3.9%); patient days: 2.15M (+5.8%); equivalent occupancy: 90.5% (+4.5%).
    • 2014 Guidance: Revenues: $36.5B - 37.0B from $36.0B - 36.5B; non-GAAP EBITDA: $7.25B - 7.35B from $7.00B - 7.15B; non-GAAP EPS: $4.40 - 4.60 from $4.00 - 4.25; capex: ~$2.2B (unch).
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  • Oct. 28, 2014, 8:30 AM
    • HCA Holdings (NYSE:HCA): Q3 EPS of $1.18 beats by $0.13.
    • Revenue of $9.22B (+9.0% Y/Y) beats by $100M.
    • Press Release
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  • Oct. 27, 2014, 5:30 PM
  • Oct. 15, 2014, 5:33 PM
    • HCA expects Q3 revenue of $9.22B and EPS of $1.16, above a consensus of $9.04B and $0.98.
    • The hospital owner now forecasts full-year revenue of $36.5B-$37B and EPS of $4.40-$4.60, above a consensus of $36.4B and $4.22.
    • Same-facility admissions rose 2.8% Y/Y in Q3, and same-facility equivalent admissions 4.1%. Same-facility uninsured admissions and equivalent admissions respectively fell 14.8% and 8.9%, and same-facility emergency room visits rose 7.3%.
    • Full Q3 results are expected on or about Oct. 28.
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  • Oct. 4, 2014, 4:30 PM
    • Bill Gross, set to start working for Janus (NYSE:JNS) on Monday, tells Barron's there will be a “bear markets for all assets” if the Fed raises its short-term rate to 4% in the next few years.
    • The Fed should target a rate of 2%, not 3.75-4%, to keep the economy in equilibrium, he says. Its current model fails to reflect structural changes in the economy.
    • Gross expects his fund to hold a "decent percentage" of short-term high-yield paper (10-25%), yielding 3-4%. "Both Janus and I like one-to-three-year high-yield paper issued by companies such as Ally Financial (NYSE:ALLY) and HCA Holdings (NYSE:HCA)."
    • Gross also likes Mexico (ETFs: EWW, UMX, SMK, DBMX, QMEX), and says he may take "mild short positions" in the euro (FXY, YCS, JYN, YCL)  and yen (FXE, EUO, ERO, DRR, EUFX, ULE, URR).
    • Janus may develop an ETF to track Gross's fund (MUTF:JUCTX).
    | 12 Comments
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Company Description
HCA Holdings Inc is a health care services company. It operates 165 hospitals, comprised of 159 general, acute care hospitals; five psychiatric hospitals; and one rehabilitation hospital. In addition, we operated 115 freestanding surgery centers.
Sector: Healthcare
Industry: Hospitals
Country: United States