This story was originally published by the Asheville Watchdog.
HCA Healthcare, which owns and operates Mission Hospital in Asheville, reported this month that it made $1.4 billion in profits for the first three months of 2021, more than double the amount for the same period last year.
The new figures follow HCA’s report in February that annual profits rose to a record $3.8 billion in 2020, despite the pandemic, based on what the company called “solid cost management.”
In a proxy statement filed last month with the Securities and Exchange Commission, HCA stated its primary objective is “providing the highest quality health care to our patients, while making a positive impact on the communities in which we operate.” But it rewards top executives far more on meeting financial performance targets than on meeting quality of care metrics.
Profits up at HCA, ratings down at Mission
BY PETER H. LEWIS, Asheville Watchdog
HCA Healthcare, which owns and operates Mission Hospital in Asheville, reported this month that it made $1.4 billion in profits for the first three months of 2021, more than double the amount for the same period last year.
The new figures follow HCA’s report in February that annual profits rose to a record $3.8 billion in 2020, despite the pandemic, based on what the company called “solid cost management.”
In a proxy statement filed last month with the Securities and Exchange Commission, HCA stated its primary objective is “providing the highest quality health care to our patients, while making a positive impact on the communities in which we operate.” But it rewards top executives far more on meeting financial performance targets than on meeting quality of care metrics.
South Dakota targets Starwood for opportunistic real estate
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South Dakota Investment Council, Pierre, committed up to $150 million to Starwood Distressed Opportunity Fund XII, confirmed Tammy Otten, assistant investment officer, in an email.
The commitment to the opportunistic real estate fund managed by
Starwood Capital Group was approved at the council s Nov. 19 meeting.
The council has previously committed to other Starwood funds.
Of the $150 million commitment limit, up to $134.4 million was made on behalf of the $12.3 billion South Dakota Retirement System. Also, up to $6.9 million comes from the $631 million Education Enhancement Trust Fund, up to $3.5 million from the $334 million Dakota Cement Trust Fund, up to $3.7 million from the $328 million School & Public Lands Fund and up to $1.5 million from the $151 million Healthcare Trust Fund.