08/07/2001

Buildings Who's Who - HCA, Nashville, TN

Portfolion comprised of 200 hospitals and 70 surgery centers in 24 states, England, and Switzerland.

 

Likened to the fabled Phoenix as it rises from the ashes of litigation, HCA-The Hospital Company has re-emerged with a new name and a new strategic focus.

HCA, formerly Columbia-HCA, spent the past three years under intense government investigation on charges of Medicare fraud. As a result, it refocused, revamped, and streamlined its network to meet settlements of nearly $1 billion with the U.S. Justice Department.

During the year 2000, the company sold 10 hospitals, eight surgery centers, and other non-core assets to reach a pre-tax gain of $34 million. Despite this activity (and similar sales in previous years during the investigation), this leading U.S. provider of healthcare services still boasts a full portfolio, comprised of 200 hospitals and 70 surgery centers in 24 states, England, and Switzerland. For the year 2000, HCA revenues totaled $16.67 billion, up slightly from the previous year.

In 2001 HCA expects to invest $1.3 billion in improvements and expansions at its existing hospitals. It is scheduled to undertake 38 capital improvements this year including new emergency departments; new and replacement facilities; additional acute care beds; and new and expanded services such as cardiology, cancer centers, and women's health at various facilities in its network.

 

 

 
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