HCA, Nashville, said its earnings per share for the second quarter will be 16 cents to 20 cents greater than in the second quarter of 2004, but a pair of one-time gains and a reduction in the number of shares outstanding account for most of the increase. HCA also said same-facility inpatient admissions declined 0.3%, compared with the year-ago quarter, but same-facility outpatient visits more than made up the difference, as the company reported a 1.2% increase in equivalent admissions. HCA had same-facility revenue of about $6 billion, up 4.3%. The increase would have been 7.5% without HCA's discount policy for uninsured patients, which took effect Jan. 1. HCA plans to announce full second-quarter results July 27. The company owns or operates about 190 hospitals and more than 70 ambulatory surgery centers,.
Meanwhile, Community Health Systems announced plans to move its headquarters in Brentwood, Tenn., to another Nashville suburb, Franklin, Tenn., by December 2006. The city of Franklin and Williamson County pledged $2 million in property tax abatements toward the $32 million project, and the state Department of Economic and Community Development pledged $750,000 in infrastructure and workforce development incentives. -- by Vince Galloro