HCA, Tenet and CHS shares rise as Irma damage lighter than expected

Shares of major for-profit hospital operators rose Monday after initial reports showed damage in Florida from Hurricane Irma was lighter than expected, according to Reuters.

Shares of Brentwood, Tenn.-based Tenet Healthcare rose 3.9 percent, while shares of Franklin, Tenn.-based Community Health Systems and Nashville, Tenn.-based HCA Healthcare climbed 2.8 percent and 1.4 percent, respectively, in morning trading.

The for-profit hospital operators' facilities affected by Hurricane Irma are expected to reopen over the next few days, KeyBanc Capital Markets analysts Jason Gurda told Reuters. "It doesn't look like the worst-case scenario."

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