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Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

 

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

CSC Delaware Trust Company

(Exact name of trustee as specified in its charter)

 

 

Delaware

 

51-0011500

(Jurisdiction of incorporation or organization if
not a U.S. national bank)

 

(I.R.S. Employer
Identification No.)

 

 

251 Little Falls Drive Wilmington, Delaware

 

19808

(Address of principal executive offices)

 

(Zip code)

 

Corporation Service Company

251 Little Falls Drive

Wilmington, Delaware

(800) 927-9801

(Name, address and telephone number of agent for service)

 

 

HCA Healthcare, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

27-3865930

(State or other jurisdiction of incorporation
of organization)

 

(I.R.S. Employer
Identification No.)

 

 

 

One Park Plaza
Nashville, TN 37203

Telephone: (615) 344-9551

 

37203

(Address of principal executive offices)

 

(Zip Code)

 

HCA Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

75-2497104

(State or other jurisdiction of incorporation
of organization)

 

(I.R.S. Employer
Identification No.)

 

One Park Plaza
Nashville, TN 37203

Telephone: (615) 344-9551

 

37203

(Address of principal executive offices)

 

(Zip Code)

 

 

Debt Securities of HCA Healthcare, Inc.

Debt Securities of HCA Inc.

Guarantee of Debt Securities of HCA Inc.

(Title of the indenture securities)


 

 

Item 1.

General Information.

Furnish the following information as to the trustee:

 

(a)

Name and address of each examining or supervising authority to which it is subject.

 

 

Office of the State Banking Commissioner

State of Delaware

555 East Loockerman Street

Dover, DE 19901

 

(b)

Whether it is authorized to exercise corporate trust powers.

 

 

The trustee is authorized to exercise corporate trust powers.

Item 2.

Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None with respect to the trustee.

Items 3-14.

No responses are included for Items 3–14 because the obligor is not in default as provided under Item 13.

Item 15.

Foreign Trustee.

 

Not applicable.

 

Item 16.

List of Exhibits

 

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit 1.

A copy of the Articles of Association of the trustee now in effect as contained in the Certificate of Incorporation. *

Exhibit 2.

A copy of the Certificate of Incorporation. *

Exhibit 3.

See Exhibit 2.

Exhibit 4.

A copy of by-laws of the trustee as now in effect. *

Exhibit 5.

Not applicable.

Exhibit 6.

The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7.

A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.

Not applicable.

Exhibit 9.

Not applicable.

 

* Incorporated by reference to Exhibit 25.1 to the registration statement on S-1, Registration Number 333-225797 filed on June 21, 2018.


 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, CSC Delaware Trust Company, a non-depository trust company and corporation duly organized and existing under the laws of Delaware, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Wilmington and State of Delaware on the 27th Day of April 2026.

 

 

 

 

CSC DELAWARE TRUST COMPANY

 

/s/Lici Zhu

Name: Lici Zhu

Title: Vice President

 


 

EXHIBIT 6

 

 

 

April 27, 2026

 

 

Securities and Exchange Commission
Washington, D.C. 20549

 

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

Very truly yours,

 

CSC DELAWARE TRUST COMPANY

 

/s/Lici Zhu

Name: Lici Zhu

Title: Vice President

 


 

EXHIBIT 7

 

 

Report of Condition of

CSC Delaware Trust Company

of 251 Little Falls Drive, Wilmington, Delaware 19808

at the close of business Dec 31, 2025, filed in accordance with 5 Del. Laws, c.9, §904

 

 

Dollar Amounts
In Thousands

ASSETS

 

Cash and balances due from depository institutions:

 

Noninterest-bearing balances and currency and coin

 

Interest-bearing balances

1,990

Securities:

 

Held-to-maturity securities

 

Available-for-sale securities

 

Federal funds sold and securities purchased under agreements to resell:

 

Federal funds sold in domestic offices

 

Securities purchased under agreements to resell

 

Loans and lease financing receivables:

 

Loans and leases held for sale

 

Loans and leases, net of unearned income

 

LESS: Allowance for loan and lease losses

 

Loans and leases, net of unearned income and allowance

0

Trading Assets

 

Premises and fixed assets (including capitalized leases)

129

Other real estate owned

 

Investments in unconsolidated subsidiaries and associated companies

 

Direct and indirect investments in real estate ventures

 

Intangible assets

 

Goodwill

 

Other intangible assets

896

Other assets

114,904

 

 

Total assets

117,919

 


 

 

 

Dollar Amounts
In Thousands

LIABILITIES

 

Deposits:

 

In domestic offices

 

Noninterest-bearing

 

Interest-bearing

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

Noninterest-bearing

 

Interest-bearing

 

Federal funds purchased and securities sold under agreements to repurchase:

 

Federal funds purchased in domestic offices

 

Securities sold under agreements to repurchase

 

 

Trading liabilities

 

Other borrowed money

 

(includes mortgage indebtedness and obligations under capitalized leases)

Subordinated notes and debentures

 

Other liabilities

7,944

 

 

Total liabilities

7,944

 

 

 

 

EQUITY CAPITAL

 

Perpetual preferred stock and related surplus

 

Common stock

500

Surplus (exclude all surplus related to preferred stock)

106,128

Retained earnings

3,347

Accumulated other comprehensive income

 

Other equity capital components

 

 

 

Total institution equity capital

109,975

Noncontrolling (minority) interests in consolidated subsidiaries

 

 

 

Total equity capital

109,975

 

 

Total liabilities, and equity capital

117,919

 

I, EJ Dealy, Chief Financial Officer of the above-named State Non-Depository Trust Company, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate State regulatory authority and is true to the best of my knowledge and belief.

 

/s/ EJ Dealy

EJ Dealy

Chief Financial Officer

 

 

 

 

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate State regulatory authority and is true and correct.

 

 

  /s/ Rodman Ward

 

  /s/ John Hebert

       Rodman Ward

 

       John Hebert