LongHCAJune 30, 2026

Miller/Howard Investments, Inc. on HCA Healthcare

Thesis

Miller/Howard initiated a position in HCA Healthcare after recent share-price weakness created what it considers an attractive entry point. The firm expects HCA to benefit from its local dominance. It also views the company's scale as an important advantage supporting the investment case.

We expect HCA Healthcare (HCA) to benefit from its local dominance and scale, with recent weakness creating an attractive entry point.
Miller/Howard Investments, Inc. — Infrastructure Quarterly Report 2Q 2026

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