HCA Continues to Benefit From Elevated Medical Utilization Trends

HCA Healthcare operates the largest hospital network in the United States, focusing on attractive geographic locations where it can lead and increase market share. With headquarters in Nashville, its facilities are concentrated in Texas and Florida, which represent over half of its bed count. In those states, the urban areas of focus include Dallas, Austin, Tampa, and Miami, and we believe these geographic areas provide a good sense of the positive demographic factors that the firm aims to benefit from nationwide.