HCA Expects FY14 Adj. EBITDA To Exceed Prior Guidance

(RTTNews) - Hospital operator HCA Holdings, Inc. (HCA) said Friday that it now expects its 2014 adjusted EBITDA to be about $7.4 billion, compared to its previously issued guidance range of $7.25 billion to $7.35 billion.

Fourth quarter 2014 results will include a $68 million increase in Medicaid revenues related to the reversal of the Texas Medicaid Waiver Program adjustment to reduce revenues that was recorded in the third quarter of 2014, the company said.

The company expects same facility admissions for the fourth quarter of 2014 to reflect an increase of about 5.0% and same facility emergency room visits to reflect an increase of about 10.5% from the prior year's fourth quarter.

The company also said hat it repurchased about 14 million shares of its common stock during the fourth quarter of 2014, completing its previously authorized $1.0 billion share repurchase program. The company had 420,477,900 shares outstanding as of December 31, 2014.

The company expects to report its fourth quarter 2014 results and guidance for 2015 on February 3.