By Katherine Hamilton
HCA Healthcare had higher sales and earnings in the first quarter as the company saw increasing demand for healthcare services.
The Nashville hospital owner and operator on Friday posted a profit of $1.61 billion, or $6.45 a share, in the quarter ended March 31, compared with $1.59 billion, or $5.93 a share, a year earlier.
Revenue rose 6% to $18.32 billion. Analysts surveyed by FactSet forecast revenue of $18.26 billion.
Chief Executive Sam Hazen said there is an overall backdrop of growing demand for healthcare services that is giving him confidence about the company's performance for the rest of the year.
HCA also reaffirmed its full-year guidance.
HCA logged increases across admissions, inpatient surgery cases and emergency room visits. Same-facility admissions increased 2.6%. Same-facility revenue per equivalent admission was up 2.9%.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 25, 2025 08:01 ET (12:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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