Becker's Healthcare October 27, 2023
Nashville, Tenn.-based HCA Healthcare’s third-quarter financial results were “unfavorably impacted” by its physician staffing joint venture, CEO Sam Hazen said during an Oct. 24 earnings call transcribed by Seeking Alpha.
Here are five more things to know:
1. HCA reported $1.63 billion in third-quarter operating income, down 4.1 percent from the previous year.
2. In April, HCA went from a 50% to 90% owner of Valesco — a move which reduced HCA’s consolidated margins by roughly 80 basis points in the quarter, CFO Bill Rutherford said in the call.
3. Valesco is a joint...
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