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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
HCA Holdings (NYSE:HCA) is a non-governmental hospital operator. HCA operates 164 hospitals spread across 20 states in the US and in England. This corresponds to approximately 41,000 beds and 106 freestanding surgery centers. The holding company focuses on developing its reach in urban and growing demographics. In terms of hospitals under operation, HCA is the largest non-government operator in the United States.[1]
HCA expects overall demand for its services to rise. The US Census Bureau predicts thats the number of persons in the US over the age of 65 will increase by a Compounded annual growth rate - CAGR of 3% over the next 20 years. This means that it will correspond to roughly 19.3% of the US population by 2030. The rise in this age group will increase demand for healthcare services and medical procedures. Furthermore, the Health Reform Law which was signed into law by President Obama in 2010 expands healthcare coverage to uninsured Americans. This significant rise will further drive the demand for healthcare related services.[2]
The company's initial public offering of stock on the NYSE occurred on March9, 2011. The company offered 126.2M shares each for $30. This was at the high end of the $27-$30 range. The company also sold 2.2M more shares than the 124M that was originally planned. This brought the total deal size to $3.8B, making it the largest Private Equity backed IPO on a US exchange. The lead underwriters of the IPO were BofA, Citi, and J P Morgan Chase (JPM).[3]
HCA reported a total revenue for 2010 of $30.7B. This was a slight increase from the 2009 total revenue of $30.1B. The company increased its net income to $1.21B, over the $1.05B announced in 2009.[4]
References
- ↑ HCA S-1/A 2011 PROSPECTUS SUMMARY "Our Company" pg 1
- ↑ HCA S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" pg 2
- ↑ Renaissance Capital - IPO Home "HCA Holdings prices IPO at $30.00, high end of the range" 19 March 2011
- ↑ HCA S-1/A 2011 PROSPECTUS SUMMARY "Our Company" pg 9
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