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HCA CEO Milton Johnson to retire

HCA Healthcare headquarters in Tennessee.
HCA headquarters in Tennessee from 2005. Photo: Rusty Russell/Getty Images

HCA Healthcare CEO Milton Johnson will retire from the company at the end of 2018, and HCA President Sam Hazen will become the new chief executive, the company said in a statement Monday.

Why it matters: HCA is the country's largest for-profit hospital chain and is a bellwether of patient volumes and other important hospital trends. Johnson stands to make at least $46 million from his retirement, based on the company's latest proxy filing.