Healthcare Providers and Services
Company Overview of HCA Inc.
HCA Inc. owns and operates hospitals, and provides health care and related services. The company offers its services through a network of acute care hospitals, outpatient facilities, clinics, and other patient care delivery settings. As of September 30, 2014, it operated a portfolio of 165 hospitals with approximately 43,200 beds and 113 freestanding surgery centers in 20 states throughout the United States and in England. The company was founded in 2010 and is based in Nashville, Tennessee. HCA Inc. operates as a subsidiary of HCA Holdings, Inc.
One Park Plaza
Nashville, TN 37203
Founded in 2010
Key Executives for HCA Inc.
Chief Executive Officer of HCA Holdings, Inc, President of HCA Holdings, Inc and Director of of HCA Holdings, Inc
Compensation as of Fiscal Year 2014.
HCA Inc. Key Developments
Doctor Sues HCA Inc. Over Firing
Feb 23 15
Tampa doctor sued HCA Inc., alleging she was fired from a physician-staffing company because she complained about low staffing levels at the emergency room of the chain's Brandon Regional Hospital. Dr. Wanda Espinoza-Cruz, alleged that so few doctors were available during a January 2014 night shift that a man with 'obvious stroke symptoms' was forced to wait four hours for medical care. A CT scan later showed blood on his brain, her suit says. In another instance, she said a patient endured a similarly long wait despite signs of hyperglycemia excessive blood sugar which can lead to a coma if untreated. Espinoza-Cruz's suit, filed Feb. 4, comes as Nashville-based HCA, is promoting short wait times at its emergency rooms. According to the eight-page complaint, Espinoza-Cruz, an osteopathic doctor, completed her residency in 2011 and joined EM-I Medical Services that August. She was assigned as a full-time ER physician to Brandon Regional, where she maintained an unblemished personnel file. That changed after Jan. 2, 2014. She said she reported for work at 7 p.m. to find a standing-room-only crowd in the emergency department. After asking why more doctors weren't working that night, a nursing supervisor told her that she no longer had the authority to call in doctors, Espinoza-Cruz said in her suit. Two days later, Espinoza-Cruz met with Brandon Regional chief executive officer Bland Eng to complain. Nine days after that she was fired. According to her suit, Eng said during their meeting that, he knew there was a problem, but that he had talked to corporate and that the emergency room staffing model was untouchable because of HCA's relationship with (staffing company) EMCare. EMCare gives a different reason for her dismissal, that she violated a company policy. She said an EMCare vice president told her she was caught trying to launch her own physician-staffing company and enlist Brandon Regional as a client.
HCA Inc. Enters into the Joinder, Amendment and Restatement to Credit Agreement
Oct 31 14
On October 30, 2014, HCA Inc. entered into the joinder agreement and amendment No. 1 to the credit agreement, dated as of September 30, 2011 and amended and restated as of March 7, 2014, by and among HCA, the subsidiary borrowers party thereto, the lenders party thereto and Bank of America, N.A. as administrative agent and collateral agent. The joinder agreement amends the ABL agreement by increasing the revolving credit commitments thereunder by $750.0 million such that the aggregate revolving credit commitments under the ABL agreement are increased from $2.500 billion to $3.250 billion. The incremental revolving credit commitment has identical terms as the existing revolving credit commitments under the ABL agreement.
HCA Inc. Provides Notice of Election to Redeem Aggregate Principal Amount Outstanding Senior Secured Notes
Mar 4 14
On March 3, 2014, HCA Inc. provided notice of its election to redeem all $1,500,000,000 aggregate principal amount of its outstanding 8 1/2% Senior Secured Notes due 2019 and all $1,250,000,000 aggregate principal amount of its outstanding 7 7/8% Senior Secured Notes due 2020. The Redeemed Notes will be redeemed on April 2, 2014. The company’s obligation to complete the Redemption is conditioned upon the receipt prior to the Redemption Date by the company of the net proceeds from its $3.5 billion senior secured notes offering which took place on March 3, 2014 and is anticipated to be settled on March 17, 2014.
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