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Apr 24, 2026 4:00 PM

Hospital Operator HCA Healthcare Flags Soft Respiratory Season As Volumes Lag

HCA Healthcare Inc. (NYSE:HCA), one of the largest hospital operators in the U.S., released first-quarter 2026 revenues of $19.11 billion, representing a 4.3% year-over-year increase, almost in line with the consensus estimate of $19.10 billion.

The hospital chain operator reported adjusted earnings of $7.15, up from $6.45 a year ago, in line with the consensus.

Same-Facility Metrics Show Mixed Volume Trends

Same-facility admissions increased by 0.9%, and same-facility equivalent admissions increased by 1.3%.

Same facility emergency room visits increased 0.3%, same facility inpatient surgeries declined 0.3%, and same facility outpatient surgeries decreased 1.7% in the quarter.

Same facility revenue per equivalent admission increased 3.1%.

Adjusted EBITDA totaled $3.80 billion, compared to $3.73 billion a year ago.