Key Developments: HCA Holdings Inc (HCA.N)
39.08USD
4:00pm EDT
$0.08 (+0.21%)
$39.00
$39.00
$39.94
$38.40
657,611
770,198
$41.79
$23.92
Latest Key Developments (Source: Significant Developments)
HCA Holdings Inc Reaffirms FY 2013 Guidance
HCA Holdings Inc reaffirmed its previously issued guidance ranges for fiscal 2013. It previously issued revenue in the range of $33.50-$34.50 billion, adjusted EBITDA in the range of $6.25-$6.50 billion, adjusted EPS (diluted) in the range of $3.00-$3.30. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $33.97 billion, EBITDA of $6.32 billion and EPS of $3.15 for fiscal 2013. Full Article
HCA Holdings Inc Announces Management Changes
HCA Holdings Inc announced that Richard M. Bracken will transition at the end of the year from his role as Chairman and CEO to Chairman of the Board. The Board of Directors has named R. Milton Johnson, HCA`s President and CFO, his successor as Chief Executive Officer, effective at that same time. Full Article
HCA Holdings Inc's HCA West Florida To Buy Three Tampa Bay Hospitals From Iasis Healthcare LLC-DJ
Dow Jones reported that HCA Holdings Inc and Iasis Healthcare LLC announced the signing of a definitive agreement for the sale of three Tampa Bay hospitals--Palms of Pasadena Hospital, Memorial Hospital of Tampa and Town & Country Hospital--by IASIS to HCA West Florida. Palms of Pasadena Hospital is a 307-bed facility in St. Petersburg. Memorial Hospital of Tampa and Town & Country Hospital are located in Tampa and have 183 and 201 beds, respectively. Upon closing of this transaction, the three hospitals will become part of HCA West Florida. Terms of the agreement were not disclosed. Full Article
HCA Holdings Inc Issues Q2 2013 Guidance; EPS Guidance Above Analysts' Estimates; Reaffirms FY 2013 Guidance
HCA Holdings Inc announced that for second quarter of 2013, it expects revenues to be approximately $8.450 billion compared to $8.112 billion in the second quarter of 2012. Income before income taxes is expected to approximate $806 million compared to $699 million in the prior year period. Net income per diluted share is expected to be approximately $0.91 per diluted share compared to $0.85 for the second quarter of 2012. Adjusted EBITDA is expected to be approximately $1.689 billion compared to $1.569 billion in the previous year's second quarter. The Company is also reaffirming its previously issued guidance ranges for fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $8.43 billion, net income of $370 million, EBITDA of $1.57 billion and EPS of $0.78 for second quarter of 2013; EBITDA of $6.29 billion and EPS of $3.12 for fiscal 2013. Full Article
HCA Holdings Inc Reaffirms FY 2013 Guidance
HCA Holdings Inc reaffirmed its previously issued guidance ranges for fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $6.35 billion and EPS of $3.13 for fiscal 2013. Full Article
HCA Holdings Inc Issues Q1 2013 Guidance; Reaffirms FY 2013 Guidance
HCA Holdings Inc announced that for the first quarter of 2013, it expects revenues to be approximately $8.440 billion. Income before income taxes is expected to approximate $639 million. Adjusted EBITDA is expected to be approximately $1.568 billion compared and adjusted EBITDA is a non-GAAP financial measure. The Company also reaffirming its previously issued guidance ranges for fiscal 2013. Full Article
HCA Holdings Inc Announces Secondary Offering
HCA Holdings Inc announced that certain of its stockholders, consisting principally of affiliates of, or funds sponsored by, Bain Capital Partners, LLC and Kohlberg Kravis Roberts & Co. (the Selling Stockholders), intend to offer for sale in an underwritten at-the-market secondary offering approximately 50 million shares of its common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by management or the Company. The last reported sale price of the Company's common stock on February 8, 2013 was $37.22 per share. The offering is expected to close on February 15, 2013, subject to customary closing conditions. Barclays Capital Inc. and Citigroup Global Markets Inc. will act as underwriters for the offering. Full Article
HCA Holdings Inc Issues FY 2013 Guidance; EBITDA And EPS Guidance Below Analysts' Estimates
HCA Holdings Inc announced that for fiscal 2013, it expects revenue in the range of $33.50-$34.50 billion, adjusted EBITDA in the range of $6.25-$6.50 billion, adjusted EPS (diluted) in the range of $3.00-$3.30. This guidance range excludes the impact of items, if applicable, that are non-operational in nature including items such as, but not limited to, gains or losses on sales of facilities and businesses, gains or losses on early debt retirement and impairments of long-lived assets. The guidance includes estimated EHR incentive income assumptions in a range of $200-$225 million and EHR expenses in a range of $110-$130 million. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $6.53 billion and EPS of $3.46 for fiscal 2013. Full Article
HCA Holdings Inc Announces Special Dividend Of $2.00 Per Share
HCA Holdings Inc announced that its Board of Directors has approved a special cash dividend of $2.00 per share to be paid to shareholders of record as of December 17, 2012 with a payment date of December 21, 2012. Full Article
HCA Holdings Inc Announces Proposed Public Offering Of $1.0 Billion Senior Notes
HCA Holdings Inc announced that it proposes to offer, subject to market and other considerations, $1.0 billion aggregate principal amount of senior notes. Actual terms of the notes, including interest rate and principal amount, will depend on market conditions at the time of pricing. HCA intends to use the net proceeds of this offering to make a distribution to its stockholders and certain optionholders and to pay related fees and expenses. Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, SunTrust Robinson Humphrey and Wells Fargo Securities are acting as the joint book-running managers for the offering. Full Article
UPDATE 1-Hospital operator HCA says Bracken to retire as CEO
July 29 - HCA Holdings Inc, the largest for-profit U.S. hospital operator, on Monday said Richard Bracken would step down as chief executive by year-end and would be replaced by R. Milton Johnson, who is currently chief financial officer.

Earnings vs.
Estimates