HCA Healthcare

HCA Healthcare

Nashville-based HCA Healthcare is one of the nation's leading providers of healthcare services comprising 189 hospitals and approximately 2,600 ambulatory sites of care as of March 31, 2026, including surgery centers, freestanding ERs, urgent care centers, and physician clinics, in 19 states and the United Kingdom. With its founding in 1968, HCA Healthcare created a new model for hospital care in the United States, using combined resources to strengthen hospitals, deliver patient-focused care and improve the practice of medicine. HCA Healthcare has conducted a number of clinical studies, including one that demonstrated that full-term delivery is healthier than early elective delivery of babies and another that identified a clinical protocol that can reduce bloodstream infections in ICU patients by 44%. HCA Healthcare is a learning health system that uses its approximately 47 million annual patient encounters to develop technologies and best practices that improve patient care.

Key facts

Also Known AsHospital Corporation of America
Legal NameHca Healthcare, Inc.
Company Operating StatusActive
Full Address1 Park Plz, Nashville, Tennessee, 37203, United States
Legal Entity Identifier529900PH4ZGUH2MNEU89
Public/PrivatePublic
Stock SymbolHCA
Ticker SymbolHCA
Wikidata IDQ1630431

Capital structure

$8.0bn total debtBBB- / Baa3 (Level III Status as rating

InstrumentCouponMaturityAmountSource
Revolving Credit Facility · Senior UnsecuredTerm SOFR + Applicable Term SOFR Margin (Level III: 1.250%) or A—USD 8.0bnsource ↗

Covenant analysis

CovenantTermvs marketSource
Annual Financial Statements · Affirmative Covenant – ReportingDeliver within 5 Business Days after SEC filing deadline (or 90 days after fiscal year end if not SEC-filed)source ↗
Quarterly Financial Statements · Affirmative Covenant – ReportingDeliver within 5 Business Days after SEC filing deadline (or 45 days after quarter end if not SEC-filed)source ↗
Judgment Default · Event of DefaultUnsatisfied judgments of $500,000,000 or more in aggregate against Borrower or Significant Subsidiaries not satisfied, vacated, discharged or stayed within 60 daysloose $500m vs event of default median $125m (n=62)source ↗
Cross-Default · Event of DefaultDefault on other Indebtedness in excess of $500,000,000 in aggregate for Borrower and Significant Subsidiariesloose $500m vs event of default median $125m (n=62)source ↗