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|INVESTOR CONTACT:|| |
FOR IMMEDIATE RELEASE
|Mark Kimbrough||Ed Fishbough|
HCA Reports Fourth Quarter 2011 Results
Announces Special Dividend of $2.00 per Share
Provides 2012 Guidance
Nashville, Tenn., February 6, 2012 HCA Holdings, Inc. today announced financial and operating results for the year and fourth quarter ended December 31, 2011. HCA also today announced that its Board of Directors approved a special cash dividend of $2.00 per share to be paid to shareholders of record as of February 16, 2012 with a payment date of February 29, 2012.
Key fourth quarter metrics (all percentage changes compare 4Q 2011 to 4Q 2010 unless noted):
Revenues increased 8.5 percent to $7.769 billion
Net income attributable to HCA Holdings, Inc. totaled $1.935 billion, or $4.25 per diluted share, which includes a pretax gain on the acquisition of a controlling interest in an equity investment (HealthONE) of $1.522 billion, or $3.13 per diluted share, and pretax gains on sales of facilities of $145 million, or $0.18 per diluted share
Adjusted EBITDA increased 13.2 percent to $1.639 billion
Cash flow from operations increased to $1.387 billion
Same facility equivalent admissions increased 3.2 percent while same facility admissions increased 2.5 percent
Same facility revenue per equivalent admission declined 1.0 percent
The Company had a strong performance in the quarter and for 2011, showing substantial growth in a number of key areas, said Richard M. Bracken, Chairman and Chief Executive Officer. We saw continued and favorable growth in patient volumes, advancement in our clinical quality agenda, the acquisition of complementary assets in key markets and efficient operation of our facilities. We believe we are well positioned as we enter 2012.
Fourth quarter 2011 revenues increased to $7.769 billion compared to $7.161 billion in the prior years fourth quarter. Revenue growth was primarily driven by increased patient utilization at the Companys facilities and the financial consolidation (effective November 1, 2011) of the previously announced acquisition of the remaining 40 percent ownership of our HealthONE joint venture. On a consolidated basis, equivalent admissions increased 8.2 percent while admissions increased 7.1 percent compared to the prior year period.
The following information was filed by Hca Healthcare, Inc. (HCA) on Monday, February 6, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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