HCA Healthcare Reports Strong Q1 2024 Performance Under CEO Sam Hazen’s Leadership

HCA Healthcare, Inc. is celebrating a successful first quarter of 2024, with CEO Sam Hazen expressing optimism for the future of the for-profit hospital chain. The company reported impressive revenue growth, reaching $17.3 billion, an 11% increase from the previous year.

One of the key factors contributing to this growth was a significant increase in patient volume, with same-hospital admissions rising by 6.2% and equivalent admissions growing by 5.2%. This surge in patient numbers translated into strong financial results, with adjusted EBITDA reaching $3.35 billion and net income totaling over $1.5 billion.

Hazen highlighted the positive momentum seen in the business, attributing it to the growing demand for HCA’s services and the stability of their networks. The company’s performance was further bolstered by the sale of the West Hills Hospital and Medical Center in California, which brought in $201 million.

With a healthy balance sheet showing $1.3 billion in cash and cash equivalents, HCA remains well-positioned for future growth. The company’s continued investment in capital expenditures, totaling $1.1 billion, and share repurchases demonstrate a commitment to long-term success.

Operating 188 hospitals and numerous ambulatory care venues across multiple states and countries, HCA Healthcare, Inc. is a major player in the healthcare industry. As they look ahead to the rest of the year, Hazen and the HCA team are confident in their ability to meet the needs of their communities and continue their upward trajectory.