Most for-profit hospitals stand to gain from the changes to the U.S. tax laws, according to a new Moody’s Investors Service report. But HCA Healthcare and Universal Health Services will be the biggest beneficiaries and could see their operating cash flows go up by 10% or more.
A lower corporate tax rate and increased ability to deduct capital expenditures under the Tax Cuts and Jobs Act will boost cash flows for all but the most highly leveraged companies, whose taxes may go up under the new legislation, Moody’s said.
