HCA Reports 38% Decline in Profits for Q1

Hospital Corporation of America has reported its first quarter 2011 results, showing revenue of $8 billion, an increase of 6.8 percent increase from first quarter 2010, according to a company news release.

Net income attributable to HCA totaled $240 million — a 38 percent decline from the $388 million the company saw in Q1 2010.

The company's net income figure includes a pre-tax charge of $181 million  related to the termination of HCA's management agreement with its investors in conjunction with its IPO.

Adjusted EBITDA increased by 1 percent to $1.590 billion.

Read the release on HCA's Q1 2011 financial results.

Related Articles on Healthcare System Financial Results:
Tenet Q1 Report Shows Decreased Net Income, Increased Admissions
LifePoint Q1 Net Income Up 7.5%
CHS Q1 Income Down 12%, But Revenues Rise


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