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HCA Reports First Quarter 2009 Results
Date:4/27/2009

NASHVILLE, Tenn., April 27 /PRNewswire/ -- HCA Inc. today announced financial and operating results for its first quarter ended March 31, 2009.

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

First Quarter Summary:

  • Revenues increased 4.3 percent to $7.431 billion.
  • Net income attributable to HCA Inc. totaled $360 million, compared to $170 million in the prior year's first quarter.
  • Adjusted EBITDA totaled $1.457 billion, compared to $1.180 billion in the first quarter of 2008.
  • Provision for doubtful accounts decreased to $807 million, from $888 million in the prior year.
  • Interest expense decreased to $471 million, from $530 million in the prior year's first quarter.
  • Same facility equivalent admissions increased 1.9 percent, and same facility admissions declined 0.9 percent in the first quarter compared to the first quarter of 2008.
  • Same facility revenue per equivalent admission increased 2.7 percent.
  • Total surgeries on a same facility basis declined 0.6 percent from the previous year's first quarter.

Revenues for the first quarter totaled $7.431 billion, compared to $7.127 billion in the first quarter of 2008. Adjusted EBITDA in the quarter totaled $1.457 billion, compared to $1.180 billion in the previous year's first quarter. A table describing adjusted EBITDA and reconciling net income attributable to HCA Inc. to adjusted EBITDA for these periods is included in this release. Net income attributable to HCA Inc. for the first quarter of 2009 totaled $360 million, compared to $170 million in the prior year's first quarter. Results for the
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SOURCE HCA Inc.
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