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HCA - HOSPITAL CORPORATION OF AMERICA ANNOUNCES FIRST QUARTER 1993 RESULTS

 NASHVILLE, Tenn., April 19 /PRNewswire/ -- HCA - Hospital Corporation of America (NYSE: HCA) today announced earnings per share of $.64 for the first quarter ended March 31, an increase of 28 percent from $.50 per share reported for the first quarter of 1992.
 Net income for the first quarter of 1993 totaled $114,455,000, compared to $76,940,000 a year ago and pretax income totaled $189,455,000, up from $130,940,000 in 1992. Net revenues for the quarter ended March 31 totaled $1,324,526,000, compared to $1,332,008,000 last year.
 For the first quarter of 1993, the company's medical-surgical hospitals comprised 94 percent of total net revenues, compared to 89 percent in the comparable quarter of 1992. Excluding hospitals sold, closed or planned for divestiture, net revenues for the company's medical-surgical hospitals increased approximately 5 percent in the first quarter, while net revenues for the company's psychiatric hospitals decreased approximately 7 percent from a year ago. Excluding hospitals sold, closed or planned for divestiture, admissions adjusted for outpatient volume increased 0.5 percent for medical-surgical hospitals and decreased 2.9 percent for psychiatric hospitals during the quarter.
 Interest expense for the first quarter of 1993 decreased to $51,047,000, compared to $101,126,000 a year ago. The significant reduction in interest expense resulted from the repayment of more than $800 million in borrowings during the last 12 months, as well as lower interest rates. The company's debt as a percent of total capital has been reduced to 60 percent as of March 31, down from 67 percent a year ago.
 At March 31, HCA and its affiliates owned and operated 73 U.S. medical-surgical hospitals with approximately 17,500 licensed beds and 23 U.S. psychiatric hospitals with approximately 2,800 licensed beds. A year ago, the company and its affiliates owned and operated 74 medical- surgical hospitals and 50 psychiatric hospitals.
 HCA - HOSPITAL CORPORATION OF AMERICA
 FINANCIAL HIGHLIGHTS
 3 mos. ended March 31 1993 1992
 Net operating revenues $1,324,526,000 $1,332,008,000
 Income before income taxes $ 189,455,000 $ 130,940,000
 Net income $ 114,455,000 $ 76,940,000
 Average number of common and common
 equivalent shares 178,849,000 154,502,000
 Earnings per common and common
 equivalent share $.64 $.50
 -0- 4/19/93
 /CONTACT: Victor L. Campbell, vice president, Investor Relations of HCA - Hospital Corporation of America, 615-327-9551/
 (HCA)


CO: HCA - Hospital Corporation of America ST: Tennessee IN: HEA SU: ERN

BR-BN -- AT001 -- 7181 04/19/93 08:53 EDT
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Date:Apr 19, 1993
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