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What smart money is saying about HCA HealthcareUnited States flag

HCA · Healthcare · Medical - Care Facilities · Market cap $85.83B

2 funds in our archive have pitched HCA Healthcare — most recently Right Tail Capital in June 2026.

Company profile

HCA Healthcare, Inc., operating through its subsidiaries, delivers a comprehensive array of healthcare services throughout the United States. The organization manages a network of general and acute care hospitals that provide a full spectrum of medical and surgical care, encompassing inpatient services, intensive care, cardiac treatment, diagnostic procedures, and emergency services. These hospitals additionally offer a broad range of outpatient care, such as ambulatory surgery, laboratory testing, radiology, respiratory therapy, cardiology, and physical therapy. Beyond its hospital infrastructure, HCA Healthcare operates numerous specialized outpatient facilities. These include standalone ambulatory surgery centers, dedicated emergency care facilities, urgent care clinics, walk-in clinics, advanced diagnostic and imaging centers, rehabilitation and physical therapy centers, radiation and oncology treatment facilities, physician practices, and various other healthcare sites. Furthermore, the company oversees psychiatric hospitals, which offer diverse therapeutic programs. These services cater to child, adolescent, and adult psychiatric care, alongside adolescent and adult alcohol and drug abuse treatment and counseling. As of December 31, 2021, HCA Healthcare's extensive portfolio included 182 hospitals, specifically 175 general and acute care hospitals, five psychiatric hospitals, and two rehabilitation hospitals. Its network also featured 125 freestanding surgery centers and 21 freestanding endoscopy centers, all distributed across 20 states and England. Founded in 1968 and formerly known as HCA Holdings, Inc., the company's corporate headquarters are situated in Nashville, Tennessee.

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3
Reported positions
2
Bought
0
Sold
4
Letters

Position history

Every position in HCA Healthcare on record in the archive was reported in Q2 2026, across 3 fund letters2 opened or added to the position.

Fund letters reporting a position in HCA Healthcare, by quarter
QuarterLettersBoughtSoldTheses
Q2 20263202

Fund activity · 3 positions · 2 moves

  • Our two healthcare companies had a poor quarter (in terms of share price performance, not business fundamentals). HCA Healthcare, the hospital operator, fell 17.5%. The share price fell 8.8% immediately following its first quarter results (despite management reaffirming its 2026 guidance). We suspect this is a (over) reaction to poorer than expected respiratory volumes due to a mild flu season. With the shares trading at a discount to our valuation we bought a little more to bring the Fund’s position to 6.4%.
    Read the letterHCA Healthcare
  • June 2026
    Our two healthcare companies had a poor quarter (in terms of share price performance, not business fundamentals). HCA Healthcare, the hospital operator, fell 17.5%. The share price fell 8.8% immediately following its first quarter results (despite management reaffirming its 2026 guidance). We suspect this is a (over) reaction to poorer than expected respiratory volumes due to a mild flu season. With the shares trading at a discount to our valuation we bought a little more to bring the Fund’s position to 6.4%.
    Read the letterHCA Healthcare
  • HoldsRight Tail Capital Investor Letter
    June 2026
    One such name where Right Tail has established a position is HCA Healthcare (HCA).
    Read the letterHCA Healthcare

Fund coverage · 2 theses

  • Right Tail Capital
    June 2026

    HCA Healthcare is a dominant local hospital operator with resilient demand, strong margins, disciplined capital allocation, and a long runway for value creation.

    Read the full thesis
  • HCA Healthcare is a leading US hospital operator with scale advantages, strong free cash flow, and long-term earnings growth.

    Read the full thesis

Read every full thesis on HCA Healthcare

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