UHID - HCA Healthcare: Expecting A Different Outcome Amid Pandemic's Resurgence
Investment Thesis
The twin issues of pandemic and recession have thrown into question the defensive nature of the healthcare stocks. The for-profit hospitals are facing curbs on profitable elective surgeries, hindering their growth prospects. HCA Healthcare, Inc. (HCA), dominating the Southern U.S., has witnessed its top line growth stagnating, and the net income has almost halved in the past quarter. That was before the region experienced a resurgence of the pandemic.
Now, the curbs are back but they are less severe, and the healthcare system is better prepared to handle a surging number