The Wall Street Journal estimates 1,400 HCA employees received equity in the company when it was taken private in 2006. As shares hit the New York Stock Exchange tomorrow/today, many could begin cashing out and moving on to other ventures.
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HCA reported a profitable second quarter Wednesday with revenues up more than three percent. But the number of people admitted to its more than 250 hospitals and surgery centers is falling. The Nashville-based company blames a declining birthrate.
One of the country’s largest discount retail chains will begin trading on the New York Stock Exchange Friday.