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HCA Previews 2009 First Quarter Results
Date:4/14/2009

NASHVILLE, Tenn., April 14 /PRNewswire/ -- HCA today announced preliminary financial and operating results for the first quarter ended March 31, 2009. The financial results are subject to finalization associated with the Company's quarterly financial and accounting procedures.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050825/CLTH069LOGO)

HCA anticipates revenues for the first quarter to be approximately $7.400 billion to $7.450 billion, compared to $7.127 billion in the first quarter of 2008. Income before income taxes (and non-controlling or minority interests) for the first quarter of 2009 is anticipated to be approximately $600 million to $650 million, compared to $344 million in the first quarter of 2008. Adjusted EBITDA for the first quarter of 2009 is expected to be approximately $1.425 billion to $1.475 billion compared to $1.180 billion in the first quarter of 2008. A table describing adjusted EBITDA and reconciling pretax income to adjusted EBITDA is included in this release.

Operational expenses for the first quarter of 2009 are expected to approximate the following: salaries and benefits cost of 39.3 percent of revenues compared to 39.8 percent in 2008, supplies expense of 16.3 percent compared to 16.5 percent in 2008, other operating expenses of 14.8 percent of revenues compared to 15.5 percent in 2008, and provision for doubtful accounts of 10.9 percent compared to 12.5 percent in 2008. Interest expense in the first quarter of 2009 is expected to be approximately $471 million compared to $530 million in the first quarter of 2008.

Same facility admissions are expected to reflect a decrease of 0.9 percent and same facility equivalent admissions are expected to increase by 1.9 percent in the first quar
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SOURCE HCA
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