April 26 (Reuters) - HCA Healthcare ( HCA ) on Friday
beat Wall Street estimates for quarterly profit, helped by
higher patient admissions due to demand for healthcare services.
The hospital operator, however, reaffirmed its annual
forecast.
In the first quarter, HCA saw a 6.2% increase in
same-facility admissions, while emergency room visits increased
by 7.2%.
HCA posted quarterly revenue of $17.34 billion, beating
estimates of $16.78 billion.
Demand for medical care has been healthy even after the
COVID-induced backlog has cleared, analysts say. Some have
attributed it to an overall ageing population in the United
States, while others also said a shift in the preference for
more efficient setting such as ambulatory care centers that do
not require patients to stay overnight has also aided demand.
The largest for-profit hospital operator in the United
States reported an adjusted profit of $5.36 per share for the
quarter. Analysts on average had expected a profit of $5.01 per
share, according to LSEG data.