Surgeries at Our Lady of Fatima Hospital in North Providence and Roger Williams Medical Center in Providence have had to be canceled when equipment and supplies were unavailable because of non-payment to vendors.
The state Department of Health has warned city and state officials that Hoboken University Medical Center (HUMC) is in financial distress, and noted that CarePoint Health System’s other Hudson County hospitals, Christ Hospital in Jersey City and Bayonne Medical Center are facing similar difficulties.
HCA Healthcare, Inc. is set to report its third-quarter 2023 results on Oct 24, before the opening bell.
What Do the Estimates Say?
The Zacks Consensus Estimate for third-quarter earnings per share of $3.99 suggests a 1.5% increase from the prior-year figure of $3.93. The consensus mark witnessed no upward estimate revision in the past week against one downward movement. The consensus estimate for third-quarter revenues of $15.8 billion indicates a 5.4% increase from the year-ago reported figure.
HCA Healthcare (NYSE:HCA)'s stock price has recently seen an uptick, rising 0.64% to $244.05 on Friday, outpacing the losses of major indexes.
The rise comes after a monthly drop of 4.6% in the healthcare company's stock, according to InvestingPro data. In fact, the 1 Month Price Total Return for HCA Healthcare was -4.0% as of Y2023.D293. Despite this, the company has managed to achieve an 18.06% 1 Year Price Total Return, demonstrating resilience in the face of market volatility.
Catholic Medical Center’s plan to join HCA Healthcare — the for-profit health care giant that also owns hospitals in Portsmouth, Rochester and Derry — is still in its early stages.
But before the deal becomes final, it will need buy-in from New Hampshire Attorney General John Formella, who says a proposed merger of this size will “merit a lot of close scrutiny.”
That includes how it might impact costs and access to care for patients, Formella said.
“In any transaction, we are going to want to see a commitment that the acquiring hospital keeps critical services going in the hospital that they've acquired,” he said.