Hurricanes Result In $140 Million Loss For Nashville-Based Hospital Chain
The 2017 hurricane season cost HCA $140 million in revenue losses and storm-related expenses, according to the company's third quarter earnings report. The storms are one of the biggest factors cited to explain a drop in profits for the period.
Texas and Florida are two of the Nashville-based hospital chain's largest markets. HCA has 50 campuses and 63,000 employees in Florida. In the Houston area alone, the company owns 15 hospital campuses — some of them acquired just this year — along with numerous freestanding emergency rooms and surgery centers.
"All of these facilities were affected either directly or indirectly," CEO Milton Johnson told investors on a conference call Tuesday.
Some hospitals in Houston were evacuated during Hurricane Harvey. Some received evacuees from both HCA hospitals and others. (One facility in Corpus Christi delivered a baby named after the hurricane.)
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