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HCA Healthcare, Inc. (HCA) Barclays 28th Annual Global Healthcare Conference March 10, 2026 2:00 PM EDT
Company Participants
Mike Marks – CFO & Executive VPErol Akdamar – President of American Group
Conference Call Participants
Andrew Mok – Barclays Bank PLC, Research Division
Presentation
Andrew MokBarclays Bank PLC, Research Division
Good afternoon. Welcome back to the Barclays Global Healthcare Conference. My name is Andrew Mok. I am the facilities and Managed Care analyst here at Barclays and we’re pleased to welcome HCA Healthcare on stage with us today. We have Mike Marks, the CFO; and Erol Akdamar, American Group President. So thank you for joining us here today.
Just for a reminder, the American group includes 66 hospitals across Texas and a few other states, so very relevant for our meetings here today.
Question-and-Answer Session
Andrew MokBarclays Bank PLC, Research Division
To start, Mike, HCA has delivered nearly double-digit EBITDA growth in each of the past two years and you’re again guiding to core growth of roughly 6% to 9%. What feels most different about the sources of organic growth this year compared to the prior couple of years?
Mike MarksCFO & Executive VP
I think the fundamentals are the same. We have good momentum in our markets. Our 43 markets represent markets with really good population growth and long histories of good demand for health care services and deployment and coverage levels of employee-sponsored insurance. So the markets that we have the pleasure of serving are an important part of that momentum.
Our synergistic approach of multi years of capital investments and inorganic investments into our markets have really helped us build out our networks and we believe — create a really competitive offering in our markets in a way that over time, we’ve been able to take market
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