Business & Finance
HCA achieves better net income of USD582m in Q4 2015
29 January 2016 -

Healthcare company HCA Holdings (NYSE:HCA) stated on Thursday its net income of USD582m (USD1.40 per diluted share) for the fourth quarter ended 31 December 2015.

This reflects a rise in earnings when compared with net income of USD527m (USD1.19 per diluted share) in the fourth quarter of 2014.

The Q4 2015 include losses on sales of facilities, losses on retirement and legal claim costs. The Q4 2014 included gains on sales of facilities and losses on retirement of debt.

Revenues of USD10.249bn were collected for the fourth quarter, an improvement from revenues of USD9.636bn in the fourth quarter of 2014. Fourth quarter 2014 results included increase in Medicaid revenues related to the reversal of the Texas Medicaid Waiver Program adjustment to reduce revenues that was recorded in the Q3 2014.

Adjusted EBITDA of USD2.131bn was recorded for the fourth quarter of 2015, up 8.9% over Adjusted EBITDA of USD1.956bn in the prior year period.

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