Becker's Healthcare October 28, 2024
HCA Healthcare CEO Sam Hazen said the Nashville, Tenn.-based system’s objective for Valesco is to “get to an appropriate level of financial performance.”
“This year, we are, in fact, on our plan, maybe slightly ahead of it, but it’s not material to the company as a whole,” Mr. Hazen said on the company’s Oct. 25 earnings call.
HCA fully acquired Valesco — its joint venture with EmCare, a physician practice management firm affiliated with Envision Healthcare — in August. The deal came after HCA increased its ownership of Valesco from 50% to 90% in April 2023.
In an October 2023 earnings call, Mr. Hazen said the company’s results were “unfavorably impacted” by Valesco’s performance amid increased staffing costs...
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