News Formal

Biggest for-profit US hospital chain posts massive profit in pandemic - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The biggest for-profit hospital chain in the US just posted a massive profit, shrugging off the coronavirus (via Axios)

HCA has received $1.4 billion in

to date, of which $822 million was recognized in the second quarter. After taking out taxes, HCA recorded $590 million in taxpayer bailouts in the quarter — representing 55% of its profit.The decline in patient visits was short-lived at most HCA facilities. Hospitalizations in the second quarter were down 13% year over year, and outpatient surgeries fell 33%.

But by June, everything was mostly back to normal, HCA CFO Bill Rutherford said on an investor call. HCA's outpatient surgeries were actually 1% HCA's extremely profitable report comes on the same day that the health care industry is Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »

IBM earnings beat estimates on cloud strength; shares up 6%International Business Machines Corp posted second-quarter revenue and profit that beat analysts' estimates on Monday, riding on the strength of its high-margin cloud computing business, sending its shares up 6%. 😮 Who wudda thunk IBM....IBM.... Impervious to a nasty Virus....?
Source: Reuters - 🏆 2. / 97 Read more »

UBS second-quarter net profit dips as Swiss business dampens trading bonanzaUBS , the world's largest wealth manager, saw net profit drop 11% in the second quarter as higher trading activity failed to offset a pandemic-induced slump in retail and corporate banking.
Source: Reuters - 🏆 2. / 97 Read more »