The one that dominates is Nashville, TN-based giant HCA.
These 18 US Big Hospital and Healthcare Services Corps generated Total Pretax Income of $7.8 bil in 2011, which resulted in a solid, but fair, earnings growth of 12% in 2011 over 2010, and of 25% for the two years from 2009 to 2011.
In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Special Legal Charges and Credits, Asset Impairments, Gains/Losses on Debt Retirements, and Gains/Losses on Asset Sales.
Just like the Health Insurance Corps, these Hospitals and Healthcare Service Corps will be receiving huge economic benefits down the road in 2014 when the Affordable Healthcare Act totally kicks in, and their number of patients/customers served increase substantially.
Below here is the Pretax Income (PTI) of these 18 US Big Hospital and Healthcare Services Corps for each of the most recent three years.
|1 Year||2 Year|
|mils $s||mils $s||mils $s|
|Hospitals and Health Services|
|Universal Health Svcs||696||481||475||45%||47%|
|Communy Health Sys||540||519||448||4%||21%|
|Health Mgt Associates||337||287||228||17%||48%|
|Magellan Health Svcs||195||222||164||-12%||19%|
|Total all 18||7,806||6,942||6,235||12%||25%|