HCA Healthcare, Inc. has announced plans to expand into Texas, expanding the company’s large footprint in the Lone Star state.
The company said Wednesday it plans to build five new full-service hospitals in Texas. HCA Healthcare already operates 45 hospitals and 632 affiliated healthcare facilities in Texas.
HCA outlined plans to build new hospitals in the state’s major metropolitan areas, in some cases working with partners.
HCA plans to build a hospital in the Dallas/Fort Worth area and a hospital in Houston.
HCA plans to build two hospitals in the Austin area in partnership with the St. David’s Foundation and the Georgetown Health Foundation. HCA also said it will build a hospital in the San Antonio area in partnership with Methodist Healthcare Ministries. The company did not include a timeline for construction or planned openings.
The company has turned its focus to some of America’s fastest growing regions in recent months. HCA Healthcare CEO Sam Hazen pointed to the growth in Texas in the announcement.
“Communities across Texas are experiencing rapid population growth, and the addition of these new hospitals will help our existing network meet the increasing need for healthcare services,” Hazen said in a press release. “We are excited to expand our presence in Texas and believe this will enhance our care and better serve our patients.”
Last fall, HCA announced it was building three new hospitals in Florida. The company also opened a new hospital in Davie, Florida in November.
In September, HCA Healthcare agreed to purchase Steward Health Care’s five hospitals in Utah. These hospitals joined HCA Healthcare’s Mountain Division, which includes 11 hospitals in Utah, Idaho and Alaska. Utah was the fastest growing state in the country according to the 2020 census.
Texas added 4 million residents in the 2020 census, making it the third fastest growing state.
HCA says it provides medical care to more patients than any other organization in Texas. The company said it has invested $6.6 billion in Texas over the past five years, including some expansion projects already underway.
While HCA has expanded in some markets, the company has shown it is willing to exit markets where other competitors have an advantage. HCA also sold four Georgia hospitals to Piedmont Healthcare last year.
Rich Bayman, senior vice president and managing director of H2C Securities Inc., said in an interview with Chief Physician in Health Care Earlier this month that HCA Healthcare is focusing on areas where it can be a significant player.
“They were probably the best investor-owned healthcare systems in terms of portfolio management,” Bayman said.
“HCA is a very well run organization focused on growth.”
Based in Nashville, Tennessee, HCA operates 183 hospitals and approximately 2,000 outpatient locations throughout the United States and United Kingdom.