E
F
Y
In 2001, HCA owned and operated 184 hospitals (172 general/ acute care, 6 psychiatric hospitals and 6 hospitals included in joint ventures, 79 free standing surgery centres). These were located in 24 states of the US, England (6 hospitals) and Switzerland (2 hospitals).
In July 1997, there were Federal investigations into the business practices of the company. Since 1997 it has reduced the numbers of hospitals by 42% (144) and the number of surgical centres by 48%. The company sold most of its home health operations and non-core assets. It also spun off LifePoint Hospital and Triad Hospital to create 2 public traded companies, which operate 57 hospitals. In December 2000 HCA completed the sale of 116 medical office building to MedCap Properties. In May 2000 Columbia/HCA changed its name to HCA – The Healthcare Company and a year later to HCA Inc.
In 2006 HCA entered merged with the Hercules Acquisition Corporation, a subsidiary of Hercules Holding which is owned by a private investor group including Bain capital, Kohlberg Kravis Roberts, Merrill Lynch Global private equity, and affiliates of the HCA founder Dr. Thomas F. Frist. Following this merger, the company has a $28,408 billion debt. HCA has 186,000 employees, 49,000 part time(HCA, 2006).
HCA (2006) 10-K 2005, Securities & Exchange Commission
Company revenues Million$ 2004-2006 United States
Company |
Country |
Operations |
2005 |
2006 |
United Health Group |
United States |
United Kingdom |
? |
? |
HCA |
United States |
UK, Switzerland |
$24,455 |
$25,477 |
Cigna |
United States |
South Korea, Taiwan, China, New Zealand, Indonesia, Thailand, United Kingdom, EU, Chile |
$15,332 |
$16,547 |
Sources:
- United Health Group 10-K 2005
- HCA 10-K 2005, 2006
- Cigna 10-K 2005, 2006
Types of expansion: American companies
Company |
Building hospitals |
Acquisitions |
Joint ventures |
Medical tourism |
Health insurance |
IT services for health finance |
United Health Group |
- |
YES |
YES |
- |
YES |
YES |
HCA |
- |
YES |
- |
- |
YES |
YES |
Cigna |
- |
YES |
- |
- |
YES |
YES |