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HCA Reports Fourth Quarter - Year End 2007 Results
Date:2/7/2008

NASHVILLE, Tenn., Feb. 7 /PRNewswire/ -- HCA today announced financial and operating results for the fourth quarter and year ended December 31, 2007.

Fourth Quarter Summary:

-- Revenues increased 6.1 percent to $6.883 billion.

-- Net income totaled $278 million, compared to $122 million in the

prior year.

-- Adjusted EBITDA totaled $1.153 billion, compared to $1.271 billion

in the prior year.

-- Provision for doubtful accounts increased to $912 million, from

$710 million in the prior year.

-- Interest expense increased to $541 million, from $373 million in

the prior year.

-- Same facility admissions decreased 1.0 percent, and same facility

equivalent admissions increased 0.3 percent.

-- Same facility revenue per equivalent admission increased 6.6

percent.

"We were pleased with the 2007 results for the Company," stated Jack O. Bovender, Jr., HCA's Chairman and CEO. "Our dedication to the communities we serve, physicians and patients remains our top priority as we begin a new year," concluded Bovender.

Revenues for the fourth quarter totaled $6.883 billion, compared to $6.489 billion in the fourth quarter of 2006. Adjusted EBITDA in the quarter totaled $1.153 billion, compared to $1.271 billion in the previous year's fourth quarter. A table describing adjusted EBITDA and reconciling net income to adjusted EBITDA for these periods is included in this release. Net income for the fourth quarter of 2007 totaled $278 million, compared to $122 million in the prior year's fourth quarter. Results for the fourth quarter of 2007 include gains on sales of facilities of $139 million and gains on investments of $2 million. Fourth quarter 2006 results include transaction costs of $433 million related to the November 2006 recapitalization, gains on sales of facilities of $159 million, an a
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SOURCE HCA
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