Nashville, Tenn.-based Hospital Corp. of America, the largest for-profit hospital company in the country, expects its revenue and profit in the second quarter to jump by several percentage points thanks to higher admissions.
HCA released a preview of its second-quarter financials, predicting income before taxes would rise more than 15 percent to $806 million, compared with $699 million in the second quarter of 2012. Revenue is expected to top $8.45 billion in the second quarter, ended June 30, while adjusted EBITDA will be approximately $1.69 billion.
Same-facility admissions are predicted to have increased 1.3 percent in the most recent quarter, bucking trends from the first quarter of this year, which prompted HCA executives to reaffirm its financial targets for 2013.
HCA plans on releasing full second-quarter financials Aug. 1.
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