HCA Healthcare Lowers 2022 Guidance
HCA Healthcare posted its financial performance for the first quarter of 2022, and there was some good news. The health system saw higher year-over-year revenues, increasing nearly 7% to $14.945 billion, compared to $13.977 billion in the first quarter of 2021. Same-facility revenue per equivalent admission increased 2.7% over the first quarter of 2021, while same-facility inpatient revenues grew 5.4%, and same-facility outpatient revenues rose 10.6%. Despite these gains, HCA’s year-over-year net income dipped, dropping from the first quarter of 2021’s $1.4 billion to nearly $1.3 billion in the first quarter of 2022. Adjusted EBITDA for the quarter also dipped from last year’s nearly $3.1... Read More »
Piedmont and The University Health Care System Finalize Merger
Piedmont Healthcare has expanded its already deep network in Georgia with the finalization of its merger with The University Health Care System. The two organizations signed a letter of intent in May 2021, and on Tuesday, March 1, University Health joined the Atlanta-based system. University Health Care System serves the greater Augusta region, anchored by University Hospital (598 beds), founded in 1818 as City Hospital. The system includes University Hospital Summerville (231 beds), also in downtown Augusta, and University Hospital McDuffie (25 beds) in Thomson, Georgia. In addition, University has two skilled nursing and rehabilitation centers and serves ambulatory patients with... Read More »Despite Omicron, HCA Q4 Report Shows Strong Growth
This week, HCA Healthcare, the publicly traded health system, released its fourth quarter of 2021 earnings report. Although the “Omicron surge started to influence [its] business in early December,” HCA made it through the final three months of 2021 just fine. The health system’s revenues increased to $15.1 billion, from $14.29 billion in the fourth quarter of 2020. Net income attributable to HCA totaled $1.81 billion, or $5.75 per diluted share, compared to $1.43 billion, or $4.13 per diluted share, in the fourth quarter of 2020. Results for the fourth quarter of 2021 include gains on sales of facilities of $563 million, or $1.33 per diluted share. Adjusted EBITDA... Read More »
Diana Health Raises $11 Million in Series A Funding to Redesign Health Programs at Hospitals
New York City-based Diana Health has secured $11 million in a Series A funding round for redesigning maternity and women’s health programs at hospitals. In conjunction with the funding round, Diana Health has also formed a collaboration with TriStar StoneCrest Medical Center, part of TriStar Health, the local health system of Nashville-based hospital giant HCA Healthcare Inc. Diana Health will open its first physical location and launch its first end-to-end maternal care program with TriStar StoneCrest in Smyrna, Tennessee in the coming weeks. The funding, co-led by two venture capitalists firms, LRVHealth and .406 Ventures, with participation from existing investor AlleyCorp. will be used... Read More »