Hospital Corporation of America ( HCA Holdings, Inc. ) is an American medical company that manages a network of hospitals in the United States and Great Britain, one of the largest in the world.
| Hospital Corporation of America | |
|---|---|
 | |
| Type of | Public company |
| Exchange listing | |
| Base | 1968 |
| Location |  USA : Nashville |
| Industry | healthcare |
| Products | medical services |
| Turnover | ▲ $ 34.2 billion (2013) [1] |
| Number of employees | 204 thousand (2014) [2] |
| Affiliated companies | |
| Website | |
It was founded in 1968. Headquarters - in Nashville (USA). In 2013, there were 165 hospitals and 115 surgery centers in 20 states of the USA and England [3] . The company has been repeatedly accused of medical insurance fraud.
Content
- 1 History
- 1.1 Prosecution
- 2 notes
- 3 References
History
It was founded in 1968 in the American city of Nashville ( Tennessee ) by Thomas Frist, Thomas Frist Jr. and Jack Messi.
From a humble office, the company ran its first hospital, Park View Hospital . A year later, the company became public, moving from an IPO to the New York Stock Exchange, with 26 hospitals under its management. Three years later, the company’s office moved to a new large building. After 10 years, the company's revenue stepped over $ 1 billion. In the early 1980s, there were 349 hospitals in HCA management. Health Care Corporation , General Care Corporation , Hospital Affiliates International , General Health Services were acquired in this decade. In 1988, the first delisting was held.
In the early 1990s, it carried out a second IPO , merged with Columbia Hospital Corporation and became known as Columbia / HCA . The corporation included more than 350 hospitals, 145 institutions of outpatient surgery, 550 home care agencies, the staff totaled 285 thousand people, the company's capitalization was estimated at $ 20 billion. In 2011, for the third time carried out an IPO [4] .
Prosecution
In the same 1990s, the company was investigated on suspicion of fraud with Medicare health insurance with the participation of the FBI and the US Internal Revenue Service. After the scandal, the company got rid of non-core assets not directly related to the provision of medical services.
In the early 2000s, the company was found guilty of 14 crimes, including fraud with the Medicare program: doctors presented patients with incorrect diagnoses for hospitalization in their hospitals (the Medicare fine, not including interest, amounted to $ 631 million, compensation - $ 250 million, lawsuits - about two billion dollars). After that, the company began to be called as before - Hospital Corporation of America .
In the mid-2000s, the company paid $ 20 million in claims to shareholders who caught management misrepresenting its financial statements.
In 2011, The New York Times newspaper established new frauds conducted by HCA with insurance payments, which managed to bring her a sharp increase in income [4] .
Notes
- ↑ See page 5: 2013 Annual report to stockholders . // investor.hcahealthcare.com. Date of treatment July 20, 2014.
- ↑ About Our Company . // hcahealthcare.com. Date of treatment July 20, 2014.
- ↑ See page 3: 2013 Annual report to stockholders . // investor.hcahealthcare.com. Date of treatment July 20, 2014.
- ↑ 1 2 Case number: how the scalpel was tempered . // vademec.ru. Date of treatment July 20, 2014.