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Wesley Medical Center’s parent company sees increase in second-quarter revenue

  • The Wichita Eagle
  • Published Tuesday, July 16, 2013, at 5:05 p.m.

Hospital Corporation of America, the parent company of Wesley Medical Center, announced on Tuesday preliminary financial data for the second quarter of 2013, according to a news release.

HCA anticipates its second-quarter revenue will be about $8.45 billion, compared to $8.11 billion in the second quarter of last year. Income before taxes for the second quarter is expected to be about $806 million, compared to $699 million in the prior-year period.

Additionally, same facility admissions increased 1.3 percent for the comparable periods, according to the release.

Bloomberg News reported that net income for the quarter was about 91 cents a share, topping by 13 cents the average of analysts’ estimates compiled by Bloomberg.

“It’s significantly better than expected,” Sheryl Skolnick, an analyst at Stamford, Conn.-based CRT Capital Group, told Bloomberg. “Volume helped, but what really helped was cost control, the stranglehold on costs. And cost containment is otherwise known as good management.”

HCA said it plans to report full second-quarter results around Aug. 1.

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