HCA Healthcare
 |
|
| Public | |
| Traded as | : HCA S&P 500 Component |
| Industry | Health care |
| Founded | 1968 Nashville, Tennessee, U.S. |
| Headquarters | Nashville, Tennessee, U.S. |
|
Number of locations
|
178 Hospitals, 119 Surgery Centers, 121 Access Centers |
|
Area served
|
United States and United Kingdom |
|
Key people
|
R. Milton Johnson (CEO) Michael Neeb (CEO, HCA UK) |
| Revenue |
 US$41.490 billion (2016) |
|
US$2.890 billion (2016) |
|
|
Number of employees
|
204,000 |
| Website | hcahealthcare |
Hospital Corporation of America (HCA) is an American for-profit operator of health care facilities. It is based in Nashville, Tennessee and manages 177 hospitals and 119 free-standing surgery centers in the United States and United Kingdom.
HCA was founded in 1968, in Nashville, Tennessee by Dr. Thomas F. Frist Sr., Dr. Thomas F. Frist Jr., Jack C. Massey, and Henry Hooker.
The first hospital that HCA owned was Park View Hospital, near downtown Nashville. The small group of founders worked out of a small house not far from Park View for the first few years of operation.
In 1969, HCA conducted its initial public offering (IPO) on the (NYSE). As HCA grew, the small house that served as office space was no longer large enough, and in 1972, they built new offices behind Nashville's Centennial Park.
During the 1970s and 1980s the corporation went through a tremendous growth period acquiring hundreds of hospitals across the US, 255 owned by HCA, and another 208 managed by HCA.
In 1988, the hospital operator was acquired for $5.1 billion in a management buyout led by chairman Thomas F. Frist, Jr. and completed a successful initial public offering in 1992. In 1993 HCA merged with Louisville-based Columbia Hospital Corporation to form Columbia/HCA. In April 1998, Birmingham, Alabama-based HealthSouth Corporation announced it was acquiring the majority of HCA's surgical division.
In 2006, Kohlberg Kravis Roberts and Bain Capital, together with Merrill Lynch and the Frist family (which had founded the company) completed a $33.6 billion acquisition, making the company privately held again, 17 years after it had first been taken private in a management buyout. At the time of its announcement, the HCA buyout was the first of several to set new records for the largest, eclipsing the 1989 buyout of RJR Nabisco. It would later be surpassed by the buyouts of Equity Office Properties and TXU.
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