HCA (HCA) Closes at $31.02 on First Trading Day

HCA Holdings Inc. (NYSE:HCA) jumped 4 percent early in its first day of trading, closing the day at $31.02 in the largest private-equity backed IPO in U.S. history.

Shares of the hospital operator rose quickly to $31.20 as the stock market opened, driving it to the 4 percent mark mentioned; starting the day at $30.00.

Revenue at the largest private-sector hospital in the U.S. in 2010 was $30.7 billion, with earnings reaching $1.2 billion.

Long term there is uncertainty in the health sector, as it's unclear the fate of Obamacare, and if it remains as it is, even there it is uncertain as to how that will impact Medicare and Medicaid, which accounted for close to 41 percent of HCA's revenue in 2010.

Spending cutbacks could negate the expected rise in customers from Obamacare if it is allowed to remain as the law of the land.

Managing the IPO were Bank of America (NYSE:BAC), Citigroup (NYSE:C) and JPMorgan (JPM).