HCA Holdings to Pay out 178 Million!

Posted: January 24, 2012 in Healthcare, NYSE, S & P 500
Tags: , , , , , , , , ,

New York – On Monday Yesterday January 23th a Jury awarded a surgery patient $10 Million in punitive damages in a suit against HCA Holdings.

This as a result of a 2007 gastric bypass surgery of which complications arose, resulting in Clay Chandler to go into a coma.  Late Friday, January 20th, the Jacksonville Federal Court found Memorial Hospital Liable for $168 Million in Damages.

HCA Currently has plans to appeal the decision, a spokesman said in an email – The Wall Street Journal

“While we sympathize with him and his family and respect the judicial process, we do not agree with the outcome of the case,” HCA said

HCA Holdings Inc (NYSE:HCA) – is a non-governmental hospital operator in the United States and an integrated provider of health careand related services. HCA provides services through a network of acute care hospitals, outpatient facilities, clinics and other patient care delivery settings. As of September 30, 2010, it operated a diversified portfolio of 162 hospitals (with approximately 41,000 beds) and 104 freestanding surgery centers across 20 states throughout the United States and in England.

HCA Holdings Inc. released as an IPO in March of 2011.  Has a 52 week trading ranging from a high $35.37-$17.03. Yesterday HCA Holdings Inc. (NYSE:HCA) Closed at $24.64 +(o.57%)

Currently I have HCA Rated a Hold with a Target Price at $25.75-26.50 Range.

Biggest worry for this company is the greater than expected Medicare, and Medicaid reimbursement cuts, also an increase in uninsured admissions (charity care resulting in higher uncompensated care) Also have worries from this their could be large swings in stock price.

 

Currently I hold no position in HCA Holdings (NYSE:HCA), and have no plans to within the next 3 trading days.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s