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HCA Healthcare lifts annual forecasts on strength in Medicare business
(Reuters) -HCA Healthcare raised its yearly profit and revenue forecasts on Friday on sustained demand for surgical procedures as well as strength in its Medicare business, sending its shares up 4% to $460. Hospital operators are benefiting from higher utilization underpinned by steady demand for surgical procedures, particularly among older adults, who are covered under the government's Medicare insurance plans.
(Reuters) -HCA Healthcare raised its yearly profit and revenue forecasts on Friday on sustained demand for surgical procedures as well as strength in its Medicare business, sending its shares up 4% to $460. Hospital operators are benefiting from higher utilization underpinned by steady demand for surgical procedures, particularly among older adults, who are covered under the government's Medicare insurance plans.
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