Richard M Bracken Net Worth is16.9 $Million
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Logo: Image:HCALogo.PNG
Type: Public
Traded As: HCA
Foundation: 1968
Location City: Nashville, Tennessee, Tennessee
Location Country: United States
Locations: 273
Area Served: United States and London
Key People: Richard M. Bracken (CEO)
Industry: Health care
Revenue: operating income
Net Income: {{IncreaseUS$673,000,000 (2008)
Num Employees: 180,000
Homepage: []
Intl: yes
Hospital Corporation of America (HCA) is the largest private operator of health care facilities in the world. It is based in Nashville, Tennessee and currently manages 162 hospitals and 112 freestanding surgery centers in the United States and United Kingdom.
HCA was founded in 1968, in Nashville, Tennessee by Dr. Thomas Frist, Jr., Jack C. Massey and Dr. Thomas Frist, Sr. Dr. Frist Sr. is the father of former U.S. Senate majority leader Bill Frist. Richard M. Bracken is the current CEO of HCA.
The first hospital that HCA owned was Park View Hospital, located near downtown Nashville. The small group of founders worked out of a small house not far from Park View for the first few years of operation.
In 1969, HCA conducted its first Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). As HCA grew, the small house that first served as office space for the original HCA employees no longer provided the needed space. In 1972, the company built a new corporate office to house corporate operations behind Centennial Park in Nashville.
During the 1970s-1980s the corporation went through a tremendous growth period acquiring hundreds of hospitals across the United States which numbered 255 owned and 208 which HCA managed.
In 1989, the hospital operator was acquired for $5.3 billion in a management buyout led by Chairman Thomas J. Frist and completed a successful initial public offering in the 1990s. In 1993 HCA merged with Louisville-based Columbia Hospital Corporation to form Columbia/HCA. In April 1998 Birmingham, Alabama-based HealthSouth Corporation announced it was acquiring the majority of HCA's surgical division.
On March 19, 1997, investigators from the FBI, the Internal Revenue Service and the Department of Health and Human Services served search warrants at Columbia/HCA facilities in El Paso and on dozens of doctors with suspected ties to the company. Following the raids, the Columbia/HCA board of directors forced Rick Scott to resig

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Richard M Bracken Latest News

‘The Minutemen’ starring Liam Neeson to begin filming in New Mexico

Mark Bracken, who sells hot dogs downtown ... What you won't see is the history behind it. Richard Reithoffer comes from a long line of businessmen. "I'm the fifth generation in my family, along with ...
Posted: September 9, 2019, 9:19 pm

HCA Holdings Earnings Call NUGGETS: Emergency Room Growth, Behavioral Health and Rehab Strategy

Richard M. Bracken – Chairman and CEO: Milton, do you want to do the bad debt. R. Milton Johnson – President and CFO: Sure. I’d be happy too. The primary reason for the increase in bad debt expense ...
Posted: August 6, 2012, 5:00 pm

HCA's Richard Bracken to Retire as CEO

Nashville, Tenn.-based Hospital Corporation of America announced that its Chairman and CEO Richard M. Bracken will retire from the role of CEO but will remain chairman of the HCA board. R. Milton ...
Posted: July 30, 2013, 12:35 pm
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