Shares of HCA Healthcare (HCA, Financial)—a Nashville-based owner and oper-ator of hospitals and other health care facilities—nearly matched the pace of the S&P 500 Index in the second quarter, and the company has been a very strong performer off the March 2020 market bottom. HCA’s results in its most recent reporting period were solid, marked by year-over-year growth in revenue, net income and EBITDA; though facility admissions and emergency room visits were down in the quarter, financials were buoyed by increases in patient acuity and a more favorable payer mix.
From First Eagle Investment (Trades, Portfolio) Fund of America's second-quarter 2021 commentary.
