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HCA Says Richard Bracken to Step Down as CEO at Year End

July 29 (Bloomberg) -- Richard Bracken, chairman and chief executive officer of HCA Holdings Inc., the largest U.S. for-profit hospital chain, will step down as top executive at the end of the year, the company said.

The board of directors named R. Milton Johnson, HCA’s president and chief financial officer, as Bracken’s successor as CEO, the Nashville, Tennessee-based company said today in a statement.

“Richard has led HCA to a level of operational and clinical achievement that I never dreamed possible when my father and Jack Massey and I started HCA 45 years ago,” Thomas Frist Jr., founder of HCA, said in the statement.

Bracken, 60, joined HCA in 1981. He became chief executive officer in 2009 and was appointed board chairman in December of that year.

To contact the reporter on this story: Stephanie Armour in Washington at sarmour@bloomberg.net

To contact the editor responsible for this story: Reg Gale at rgale5@bloomberg.net

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