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Earnings

July 17, 1986

Hospital Corp. of America said its net income fell 26% in the second quarter from a year earlier, when it had an extraordinary gain from selling its stake in a California nursing home company. The Nashville, Tenn.-based health-care concern said its revenue grew 26% in the three months ended June 30 to a record quarterly level. Thomas F. Frist Jr., HCA's chairman and chief executive, said the second quarter's revenue growth mainly reflected the net addition of seven U.S.-owned hospitals during the past 12 months, a continued slowing in the rate of decline in hospital admission levels and significant increases in hospital outpatient revenue.

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