1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
Narrow-moat HCA Healthcare significantly beat consensus expectations in the second quarter and raised its guidance for the second time in 2021. At first glance, we plan to raise our fair value estimate about 40%, driven roughly equally by these strong trends and potential U.S. healthcare policy changes. Shares will look close to fairly valued after this expected increase.
HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the U.S. As of December 2020, the firm owned and operated 185 hospitals, 121 freestanding outpatient surgery centers, and a broad network of physician offices, urgent care clinics, and freestanding emergency rooms across nearly 20 states and a small foothold in England.
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