HCA Revenue Rises in Q2, IPO Nears

(Reuters) – Hospital operator HCA Inc, which has filed for an initial public offering for up to $4.6 billion, posted a slight increase in second-quarter net income on Thursday as it reported greater activity at its facilities.

Net income attributable to HCA rose to $293 million from $282 million.

Revenue rose nearly 4 percent to $7.76 billion.

Same-facility equivalent admissions, a measure the company uses as a proxy for inpatient and outpatient activity, increased 1.6 percent. Admissions declined 0.3 percent at its facilities operated for at least 12 months.

HCA, backed by buyout firms Bain Capital and KKR & Co LP (KKR.N), filed for an IPO in May. The IPO would be the largest private equity-backed flotation since the financial meltdown began.

HCA, which operates 162 hospitals and 106 free-standing surgery centers, was bought in November 2006 in a $21 billion deal. (Reporting by Lewis Krauskopf, editing by Gerald E. McCormick)