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HCA Healthcare

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2488: 97: 423: 436: 36: 135: 313: 296: 386: 412:. The founders envisioned a company that would bring together hospitals to deliver patient-focused care while using the combined resources of the organization to strengthen hospitals and improve the practice of medicine. The company began with Nashville's Park View Hospital, which the elder Frist had founded in 1960 with other doctors and where he was serving as chief executive. 792:
conflict of interest. When the company disclosed that other executives had also sold their shares during that same time, shareholders alleged that the company had made false claims about its profits to drive up the price, which then fell when the company reported disappointing financial results. Eleven of HCA's senior officers were sued for accounting fraud and
808:, HCA hospital nurses and other workers spoke out about the lack of PPE. In April 2020, there was an outcry against HCA following the deaths of two nurses Celia Yap-Banago and Rosa Luna who worked at HCA hospitals in Kansas City and California and had contracted coronavirus, despite the alarm having been raised about the lack of PPE at work. 770:
and the Department of Health and Human Services in its early stages, the Columbia/HCA board of directors forced Rick Scott to resign as chairman and CEO amid growing evidence that the company "had kept two sets of books, one to show the government and one with actual expenses listed." Thomas Frist, a
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It opened urgent care walk-in centres at London Bridge Hospital and the Portland Hospital in March 2018. It claims that patients, on average, wait just seven minutes to see a nurse and 17 minutes to see a doctor. In February 2022, outsourced cleaning staff at London Bridge Hospital reported a lack of
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In recent years, HCA Healthcare has become a significant provider of clinical and medical education. It is the largest sponsor of graduate medical education programs in the U.S., with 56 teaching hospitals in 14 states, primarily in regions with a deficit of physician training programs. The company
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The federal probe culminated in 2003 with "the government receiving a total of over $ 2 billion in criminal fines and civil penalties for systematically defrauding federal health care programs." Columbia/HCA pleaded guilty to 14 felonies and admitted to systematically overcharging the government.
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As of 2024, HCA has 186 hospitals. They also report operating more than 2,400 additional sites of care, including surgery centers, freestanding ERs, urgent care centers, and physician clinics located in 20 U.S. states and in the United Kingdom. A significant portion of those hospitals are situated
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In May 2010, HCA announced that the corporation would once again go public with an expected $ 4.6-billion IPO as HCA Holdings, Inc. In March 2011, HCA sold 126.2 million shares for $ 30 each, raising about $ 3.79 billion, at that time, the largest private-equity backed IPO in U.S. history. In
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The 1970s were characterized by rapid growth in the industry and for HCA Healthcare. In the early 1980s, the focus shifted to consolidation with HCA Healthcare acquiring General Care Corporation, General Health Services, Hospital Affiliates International and Health Care Corporation. By the end of
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In July 2005, U.S. Senator Bill Frist sold all of his HCA shares, which were held in a blind trust, two weeks before disappointing earnings sent the stock on a 9-point plunge. At the time, Frist was considering a run for president and said that he had sold his shares to avoid the appearance of a
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In January 2020, HCA Healthcare acquired Valify, a healthcare cost-management company. In May 2020, HCA acquired 49-bed Shands Starke (Fla.) Regional Medical Center and 25-bed Shands Live Oak (Fla.) Regional Medical Center from CHS. HCA is operating the two facilities as off-campus emergency
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In 1992, Columbia made a stock purchase of Basic American Medical, which owned eight hospitals, primarily in southwestern Florida. In September 1993, Columbia did another stock purchase, worth $ 3.4 billion, of Galen Healthcare, which had been spun off by
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In 1987, HCA Healthcare, which had grown to operate 463 hospitals (255 owned and 208 managed), spun off HealthTrust, a privately owned, 104-hospital company. Believing its stock was undervalued, the company completed a $ 5.1 billion leveraged
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for $ 60 million. Then they acquired a neighboring hospital and shut it down. Within a year, the remaining two were doing much better. By the end of 1989, Columbia Hospital Corporation owned four hospitals with a total of 833 beds.
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In April 2022, HCA Healthcare announced a $ 1.5 million partnership with Florida International University's Nicole Wertheim college of Nursing and Health Sciences, to expand its facilities to address the national nursing shortage.
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in Florida and Texas. As of 2022, HCA had 47 hospitals and 31 surgery centers in Florida, and 45 hospitals and 632 affiliated sites of care in Texas. In 2021, it announced plans to build 3 new hospitals in Florida. In 2022, the
459:-based Columbia Hospital Corporation, which earlier had acquired 73 hospitals of Galen Health Care from Humana, to form Columbia/HCA. Related names of note include HCA International and Health Corporation of America. 2443: 623:
departments of Lake City (Fla.) Medical Center and North Florida Regional Medical Center in Gainesville. Later that year, it signed an agreement to sell Garden Park Medical Center to Singing River Health System.
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to develop digital solutions to streamline workflows and improve patient care; as part of the deal, HCA sold its healthcare app development firm PatientKeeper to General Catalyst's portfolio company Commure.
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and HCA Healthcare founder Thomas F. Frist Jr. The total transaction was valued at approximately $ 33 billion, making it the largest leveraged buyout in history at the time, eclipsing the 1989 buyout of
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several months earlier. At the time, Galen had approximately 90 hospitals. After the purchase, Galen stockholders had 82% of the stock in the combined company, with Scott still running the company.
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The company engaged in illegal accounting and other crimes in the 1990s that resulted in the payment of more than $ 2 billion in federal fines and other penalties, and the dismissal of the CEO
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In 1993, lawsuits were filed against HCA by former employees who alleged that the company had engaged in questionable Medicare billing practices. In 1997, with a federal investigation by the
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In December 2018, a historical marker was installed in the parking lot of HCA's Sarah Cannon Cancer Center in Nashville, formerly the location of HCA's first hospital, Park View Hospital.
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On November 17, 2006, HCA became a private company for the third time when it completed a merger in which the company was acquired by a private investor group including affiliates of
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In May 2021, the company finalized a deal with Google to develop healthcare algorithms using patient records. In August 2021, HCA announced a deal with venture capital firm
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On February 13, 2024, HCA Healthcare denied the allegations and asked a judge to dismiss the lawsuit by the Attorney General, and in return the hospital network filed a
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reported that HCA will build 5 new hospitals in Texas. They also have a strong presence in Tennessee, where it began. HCA had 13 hospitals there as of 2019.
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and Mercy School of Nursing, and has several advanced nursing simulation training centers. In early 2020, it completed the purchase of a majority stake in
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In 2017, HCA acquired the Memorial University Medical Center in Savannah, Georgia. That same year, they acquired three Houston, Texas, hospitals from
3150: 1684: 1679: 796:. HCA settled the lawsuit in August 2007, agreeing to pay $ 20 million to the shareholders but admitting no wrongdoing, and no charges were brought. 1426: 3120: 1529: 1832: 3140: 3105: 1760: 1282: 17: 1579: 1131: 2006: 2855: 1665: 2273: 2224: 1459: 1371: 3145: 1958: 1478:"HCA Healthcare Announces $ 1.5 Million Partnership With Florida International University to Address National Nursing Faculty Shortage" 46: 3095: 706:
PPE, no access to sick pay, a lack of training and no prior warning about which rooms may be contaminated with the virus through the
653:, "caters for around half of all private patients in London." The main hospital sites within the United Kingdom it operates include: 1200: 685: 707: 1618: 3100: 2683: 2549: 1345: 836: 805: 1068: 576:
In March 2024, it was announced HCA had completed the sale of West Hills Hospital and Medical Center and related assets in
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The federal probe has been referred to as the longest and costliest investigation for health-care fraud in U.S. history.
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Between 2003 and 2017, HCA did not enter any new markets. However, in July 2007, HCA sold its hospitals in Switzerland.
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1981, the company operated 349 hospitals with more than 49,000 beds. Operating revenues had grown to $ 2.4 billion.
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on the New York Stock Exchange (NYSE) in 1969 and had 26 hospitals and 3,000 beds by the end of the year.
1691: 2979: 2865: 742: 713: 690: 749:, which operates five campuses and offers Bachelor of Science and Associate of Science nursing degrees. 2653: 2542: 1715: 1554: 1153: 2761: 2733: 918:"HCA Healthcare Annual Report Pursuant to Section 13 or 15(D) of the Securities Exchange Act of 1934" 723:
The company intends to open The Harborne Hospital, a new-built private hospital located close to the
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led by chairman Thomas F. Frist Jr. in 1988. HCA Healthcare re-emerged as a public company in 1992.
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and controls the board of directors for the medical school which it purchased in August 2017.
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sued HCA for violating the terms of an agreement that allowed HCA to purchase Mission Health.
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for $ 950 million. They also announced the acquisition of Meadows Regional Medical Center.
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186 hospitals, approximately 2,000 sites of care located in 21 states and the United Kingdom
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Please help update this article to reflect recent events or newly available information.
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HCA founders (left to right) Thomas Frist Sr., Jack Massey, Thomas Frist Jr.
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Silver-Greenberg, Jessica; Drucker, Jesse; Enrich, David (8 June 2020).
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rankings of the largest United States corporations by total revenue.
1735:"Board OKs $ 710 million sale of Memorial University Medical Center" 2901: 2693: 2663: 2229: 1666:"HCA Healthcare to Build 3 New Hospitals in Florida - Construction" 1604: 720:
and Nick Perry who, in 2005, founded The London Breast Institute.
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https://www.hcahealthcare.co.uk/facilities/the-harborne-hospital/
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list of the largest United States corporations by total revenue.
484: 2358:"HCA and Mission respond to lawsuit, denying breach of contract" 1460:"General Catalyst, HCA Healthcare Team Up on Digital Innovation" 134: 2936: 2598: 2527: 2302:"NC attorney general sues for-profit HCA over Mission contract" 1783:"HCA's success over 50 years banks on sticking with the basics" 1227:"Efficiencies of scale are taken to the nth degree at Columbia" 385: 2648: 2204: 1911:"Piedmont to Buy 4 Georgia Hospitals From HCA in $ 950M Deal" 2481: 1132:"Humana's history has been one of recognizing opportunities" 942: 2050: 335: 811: 1981:"HCA: Promoting US style for-profit healthcare in the UK" 1897:"HCA to sell Georgia hospital to AdventHealth for $ 635M" 2099:"Largest Health Care Fraud Case in U.S. History Settled" 1504:"LCMC Health and Tulane University announce partnership" 573:
from HCA for $ 150 million pending regulatory approval.
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May 2017, the corporation was renamed HCA Healthcare.
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In 2021, HCA sold Redmond Regional Medical Center to
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The company included 11 hospitals when it filed its
1090:"HCA: From single hospital to health care behemoth" 716:specializes in breast cancer and surgery, aided by 531:In 2018, the company was ranked No. 67 in the 2019 400:) was founded in 1968 in Nashville, Tennessee, by 2417: 1973: 1154:"Factbox: Hospital operator HCA goes public again" 1129: 1680:University of Central Florida College of Medicine 1283:"A Hospital Giant Comes to Town, Bringing Change" 1220: 1218: 1216: 1201:"Largest Publicly Held Hospital Chain Is Planned" 1168: 882:"John Reay President and Chief Executive Officer" 730: 3087: 2119: 1198: 630:for $ 635M, and four other Georgia hospitals to 462: 3126:Companies listed on the New York Stock Exchange 1397:"Fortune 500 Companies 2019: Who Made the List" 1363: 1069:"Dr. Thomas Frist Sr., HCA Founder, Dies at 87" 1672: 1343: 1213: 1177: 1063: 1061: 1059: 1057: 771:co-founder of HCA and brother of U.S. Senator 2849: 2543: 1372:"Nashville marks the spot where HCA was born" 1280: 1087: 455:In February 1994, HCA Healthcare merged with 63:that contextualizes different points of view. 49:to certain ideas, incidents, or controversies 2321: 2074: 1959:"HCA expands network of urgent care centres" 1678:HCA Fact Sheet 2014. HCA currently owns the 1224: 786: 619:which operates hospitals in North Carolina. 1054: 1013:"HCA to settle more allegations for $ 631M" 2856: 2842: 2550: 2536: 2486: 1303:HCA Buyout Highlights Era of Going Private 896: 849: 439:HCA's first office in Nashville, Tennessee 133: 3111:Health care companies established in 1968 2122:"Senator Sold Stock Before Price Dropped" 1130:Steve Ivey; Ed Green (11 November 2011). 1032: 1030: 1028: 1026: 1006: 1004: 1002: 1000: 357:that was founded in 1968. It is based in 79:Learn how and when to remove this message 3151:Health care companies based in Tennessee 2864:Major corporations headquartered in the 2101:. US Department of Justice. 26 June 2003 1369: 686:Portland Hospital for Women and Children 434: 421: 384: 3121:Companies based in Nashville, Tennessee 2415: 2149:"In re HCA Inc., Securities Litigation" 1883:"HCA to sell only Mississippi hospital" 1010: 812:Mission Hospital Acquisition Complaints 14: 3141:Hospital networks in the United States 3106:American companies established in 1968 3088: 2684:Kansas City Bolt and Nut Company plant 2327: 2299: 2243: 2120:Jonathan M. Katz (21 September 2005). 2070: 2068: 1619:"Metro Orlando to get 3 new hospitals" 1552: 1246: 1023: 997: 837:Private medicine in the United Kingdom 806:COVID-19 pandemic in the United States 27:American healthcare facilities company 2837: 2531: 2420:Columbia/HCA: Healthcare on Overdrive 2416:Lutz, Sandy; Gee, E. Preston (1998). 2383: 2356:Black, Mitchell (February 13, 2024). 2355: 2328:Sonmez, Felicia (February 13, 2024). 2300:Craver, Richard (December 14, 2023). 2271: 1457: 1424: 910: 779:to help him turn the company around. 2444:"2015 Annual Report to Shareholders" 2272:Vogel, Susanna (December 15, 2023). 2091: 1577: 1527: 1199:Milt Freudenheim (October 4, 1993). 1011:Appleby, Julie (December 18, 2002). 967:"HCA Healthcare - Corporate Profile" 735: 725:Queen Elizabeth Hospital, Birmingham 430: 270:United States and the United Kingdom 90: 29: 2384:Jones, Andrew (February 14, 2024). 2065: 1530:"HCA sells hospital to UCLA Health" 1370:Stinnett, Joel (December 7, 2018). 1281:Kathryn Jones (November 21, 1993). 24: 2495:Business data for HCA Healthcare: 2409: 2244:Bannow, Tara (December 14, 2023). 2141: 1458:Brian, Gormley (August 18, 2021). 923:. HCA Healthcare. 20 February 2020 758:Medicare billing practices lawsuit 25: 3162: 3146:Kohlberg Kravis Roberts companies 3075:Waller Lansden Dortch & Davis 2473: 1722:.com (Nashville Business Journal) 1112:Buyout Set For Chain Of Hospitals 637: 499: 3096:1968 establishments in Tennessee 2609:Bombardier Recreational Products 2557: 2075:David Stires (9 February 2004). 2031:. Bloomberg News. 7 January 2020 1580:"HCA chases more hospital deals" 1225:Floyd Norris (October 6, 1994). 1178:Paul Gallagher (June 14, 2013). 1088:Brett Kellman (16 August 2018). 752: 592: 567:Lakeview Regional Medical Center 561:announced that it would acquire 312: 311: 295: 294: 95: 34: 2377: 2349: 2293: 2265: 2237: 2217: 2198: 2184: 2162: 2113: 2043: 2021: 1999: 1987: 1951: 1942: 1928: 1903: 1889: 1875: 1850: 1825: 1800: 1775: 1745: 1727: 1716:HCA sells Switzerland hospitals 1709: 1658: 1638: 1626:.com (Orlando Business Journal) 1611: 1597: 1571: 1546: 1521: 1496: 1470: 1451: 1418: 1389: 1337: 1312: 1295: 1274: 1192: 1146: 1123: 1104: 1081: 904:"KKR & Co. (KKR) - Revenue" 818:North Carolina Attorney General 799: 651:Hospital Corporation of America 394:Hospital Corporation of America 18:Hospital Corporation Of America 1344:Emily Overholt (May 2, 2017). 973: 959: 935: 874: 827:against the Attorney General. 731:Significant areas of operation 380: 13: 1: 3101:2011 initial public offerings 2009:. HCA Healthcare. 1 July 2019 1961:. LaingBuisson. 12 March 2018 1578:Cass, Andrew (July 3, 2024). 1553:Sharma, Soumya (2024-04-01). 1534:www.beckershospitalreview.com 1425:Evans, Melanie (2021-05-26). 1134:. Louisville Business Journal 842: 587: 584:, for an undisclosed amount. 481:Columbia Hospital Corporation 463:Columbia Hospital Corporation 2927:Ryman Hospitality Properties 1915:U.S. News & World Report 426:Parkview Hospital circa 1968 7: 2980:Pinnacle Financial Partners 2866:Nashville metropolitan area 1814:(Press release). 2020-01-10 862:. HCA Healthcare. June 2019 857:"HCA Healthcare Fact Sheet" 830: 743:Research College of Nursing 714:The Princess Grace Hospital 691:The Princess Grace Hospital 372:by the board of directors. 205:; 56 years ago 10: 3167: 2654:GOME Electrical Appliances 2053:. Galen College of Nursing 1757:investor.hcahealthcare.com 1528:Diaz, Naomi (2024-03-29). 1376:Nashville Business Journal 1350:Nashville Business Journal 816:On December 14, 2023, the 375: 3067: 3011: 2993: 2935: 2872: 2810: 2762:Aspen Achievement Academy 2752: 2734:Virgin Australia Holdings 2591: 2565: 2172:. law.com. 14 August 2007 1862:beckershospitalreview.com 787:2005 insider trading suit 475:each put up $ 125,000 in 330: 320: 303: 290: 274: 264: 254: 240: 222: 199: 189: 159: 149: 141: 132: 104:This article needs to be 2892:Community Health Systems 1584:Becker's Hospital Review 747:Galen College of Nursing 700:Leaders in Oncology Care 667:The Harley Street Clinic 661:Private Care, Manchester 571:Tulane Lakeside Hospital 316:US$ 3.759 billion (2020) 299:US$ 60.23 billion (2022) 3012:Major private companies 2887:Brookdale Senior Living 2451:Investor.healthcare.com 2363:Asheville Citizen-Times 2335:Blue Ridge Public Radio 2051:"Campuses and Programs" 1464:The Wall Street Journal 1156:. Reuters. 9 March 2011 696:The Wellington Hospital 615:In 2019 they purchased 578:Los Angeles, California 506:Kohlberg Kravis Roberts 417:initial public offering 286:John Reay (CEO, HCA UK) 3116:Bain Capital companies 2985:Tractor Supply Company 2950:Ardent Health Services 2782:Mount Bachelor Academy 2767:Academy at Swift River 1301:Sorkin, Andrew Ross. " 680:London Bridge Hospital 479:in their new company, 440: 427: 390: 355:health care facilities 2823:Bain Capital Ventures 2754:Aspen Education Group 2307:Winston-Salem Journal 1739:Savannah Morning News 664:The Wilmslow Hospital 617:Mission Health System 563:Tulane Medical Center 438: 425: 388: 57:by rewriting it in a 2995:NYSE American listed 2802:Wellspring Academies 2772:Bromley Brook School 1697:on September 5, 2015 1120:, November 22, 1988. 777:Jack O. Bovender Jr. 557:in partnership with 457:Louisville, Kentucky 359:Nashville, Tennessee 347:HCA Healthcare, Inc. 245:Nashville, Tennessee 216:Nashville, Tennessee 128:HCA Healthcare, Inc. 3034:Envision Healthcare 3003:National Healthcare 2744:The Weather Channel 2592:Portfolio companies 2460:on 15 December 2017 2127:The Washington Post 1559:Hospital Management 1431:Wall Street Journal 1110:Freudenheim, Milt. 727:, in January 2024. 632:Piedmont Healthcare 406:Thomas F. Frist Jr. 402:Thomas F. Frist Sr. 322:Number of employees 256:Number of locations 231:Thomas F. Frist Jr. 227:Thomas F. Frist Sr. 129: 2818:Bain & Company 2739:Warner Music Group 2704:NXP Semiconductors 2391:Asheville Watchdog 2211:The New York Times 1288:The New York Times 1232:The New York Times 1206:The New York Times 1117:The New York Times 1077:. January 8, 1998. 1074:The New York Times 441: 428: 391: 145:HCA Holdings, Inc. 127: 3083: 3082: 3049:Ingram Industries 3019:Advance Financial 2955:Change Healthcare 2945:Acadia Healthcare 2922:Louisiana-Pacific 2882:AllianceBernstein 2831: 2830: 2714:Sealy Corporation 1787:Modern Healthcare 1510:. 10 October 2022 736:Medical education 708:COVID-19 pandemic 645:HCA International 559:Tulane University 553:In October 2022, 473:Richard Rainwater 450:management buyout 431:Growth and merger 344: 343: 125: 124: 89: 88: 81: 43:This article may 16:(Redirected from 3158: 3054:LifePoint Health 2858: 2851: 2844: 2835: 2834: 2792:NorthStar Center 2787:New Leaf Academy 2604:Bavaria Yachtbau 2552: 2545: 2538: 2529: 2528: 2490: 2485: 2484: 2482:Official website 2469: 2467: 2465: 2459: 2453:. 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Hospital Corporation Of America
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Public
Traded as
NYSE
HCA
S&P 500
Health care
Nashville, Tennessee
Thomas F. Frist Sr.
Thomas F. Frist Jr.
Jack C. Massey
CEO
Net income
hcahealthcare.com
for-profit
health care facilities
Nashville, Tennessee
Fortune 500
Rick Scott

Thomas F. Frist Sr.
Thomas F. Frist Jr.
Jack C. Massey
initial public offering

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