HCA Holdings, Inc. (NYSE: HCA) today announced that it expects its
Adjusted EBITDA to exceed its previously issued guidance of
approximately $7.8 billion for 2015. Adjusted EBITDA for 2015 is now
estimated to be approximately $7.9 billion. The Company anticipates
reporting its fourth quarter 2015 results of operations and guidance for
2016 on January 28, 2016.
Same facility admissions for the fourth quarter of 2015 are expected to
increase approximately 1.6 percent, same facility equivalent admissions
are expected to increase approximately 2.9 percent and same facility
emergency room visits are expected to increase approximately 3.6 percent
from the prior year’s fourth quarter.
The Company is scheduled to present Monday, January 11, at 8:00 am (PST)
at the J.P. Morgan Healthcare Conference held at the Westin St. Francis
Hotel in San Francisco, CA. A link to the live audio webcast is
available and copies of the related presentation materials will be
available at the Investor Relations section of the Company’s website, www.hcahealthcare.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include statements that do not
relate solely to historical or current facts and are subject to
finalization of the Company’s fourth quarter financial and accounting
procedures. Forward-looking statements can be identified by the use of
words like “may,” “believe,” “will,” “expect,” “project,” “estimate,”
“anticipate,” “plan,” “initiative” or “continue.” These forward-looking
statements are based on our current plans and expectations and are
subject to a number of known and unknown uncertainties and risks, many
of which are beyond our control, which could significantly affect
current plans and expectations and our future financial position and
results of operations. These factors include, but are not limited to,
(1) the impact of our substantial indebtedness and the ability to
refinance such indebtedness on acceptable terms, (2) the effects related
to the implementation of the Patient Protection and Affordable Care Act,
as amended by the Health Care and Education Reconciliation Act
(collectively, the “Health Reform Law”), possible delays in or
complications related to implementation of the Health Reform Law, court
challenges, the possible enactment of additional federal or state health
care reforms and possible changes to the Health Reform Law and other
federal, state or local laws or regulations affecting the health care
industry, (3) the effects related to the continued implementation of the
sequestration spending reductions required under the Budget Control Act
of 2011 (the “BCA”), and related legislation extending these reductions,
and the potential for future deficit reduction legislation that may
alter these spending reductions, which include cuts to Medicare
payments, or create additional spending reductions, (4) increases in the
amount and risk of collectability of uninsured accounts and deductibles
and copayment amounts for insured accounts, (5) the ability to achieve
operating and financial targets, and attain expected levels of patient
volumes and control the costs of providing services, (6) possible
changes in Medicare, Medicaid and other state programs, including
Medicaid upper payment limit programs or waiver programs, that may
impact reimbursements to health care providers and insurers, (7) the
highly competitive nature of the health care business, (8) changes in
service mix, revenue mix and surgical volumes, including potential
declines in the population covered under managed care agreements, the
ability to enter into and renew managed care provider agreements on
acceptable terms and the impact of consumer driven health plans and
physician utilization trends and practices, (9) the efforts of insurers,
health care providers and others to contain health care costs, (10) the
outcome of our continuing efforts to monitor, maintain and comply with
appropriate laws, regulations, policies and procedures, (11) increases
in wages and the ability to attract and retain qualified management and
personnel, including affiliated physicians, nurses and medical and
technical support personnel, (12) the availability and terms of capital
to fund the expansion of our business and improvements to our existing
facilities, (13) changes in accounting practices, (14) changes in
general economic conditions nationally and regionally in our markets,
(15) the emergence and effects related to infectious diseases, including
Ebola; (16) future divestitures which may result in charges and possible
impairments of long-lived assets, (17) changes in business strategy or
development plans, (18) delays in receiving payments for services
provided, (19) the outcome of pending and any future tax audits,
disputes and litigation associated with our tax positions, (20)
potential adverse impact of known and unknown government investigations,
litigation and other claims that may be made against us, (21) our
ongoing ability to demonstrate meaningful use of certified electronic
health record technology and recognize income for the related Medicare
or Medicaid incentive payments, and (22) other risk factors described in
our annual report on Form 10-K for the year ended December 31, 2014 and
our other filings with the Securities and Exchange Commission. Many of
the factors that will determine our future results are beyond our
ability to control or predict. In light of the significant uncertainties
inherent in the forward-looking statements contained herein, readers
should not place undue reliance on forward-looking statements, which
reflect management’s views only as of the date hereof. We undertake no
obligation to revise or update any forward-looking statements, or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise.
All references to “Company” and “HCA” as used throughout this release
refer to HCA Holdings, Inc. and its affiliates.
HCA Holdings, Inc.
Investor Contact:
Mark Kimbrough, 615-344-2688
or
Media Contact:
Ed Fishbough, 615-344-2810