Business Update

HCA reports status of hospitals in Louisiana and Mississippi

Published in Hospital Law Weekly, September 29th, 2005

HCA reports that its three affiliated hospitals located in the New Orleans market and one affiliated hospital in Gulfport, Mississippi, all sustained damage from hurricane Katrina.

Two were evacuated and two have remained operational.

The company cannot estimate at this time the physical damage to property or financial impact to its operations as a result of hurricane Katrina or when operations related to the affected facilities will return to some degree of normalcy. HCA is insured for property damage and business interruption with per location deductibles ranging from 3 to 5 percent of insured asset values. The company believes that the effect of...

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Source: Hospital Law Weekly (2005-09-29)

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