| HBS Case Collection
(Revised from original version)
Hospital Corp. of America (A)
HCAs ratio of debt to total capital is approaching 70%, jeopardizing its single-A bond rating. Students must determine an appropriate target debt ratio for HCA in light of its growth objectives, its acquisition strategy and its changing regulatory environment.
Kester, W. Carl. "Hospital Corp. of America (A)." Harvard Business School Case 283-053, February 1988. (Revised from original January 1983 version.)