Tenet and HCA gained more than 13 percent and 7 percent, respectively, despite posting less-than-expected revenue and profit in their first quarters. CHS, LifePoint and UHS all gained value on their stocks as well.
For the second straight week, Health Management and Vanguard were the sole losers, as they lost 3.9 and 5.3 percent, respectively. Health Management’s first-quarter profit plummeted 39 percent, lowering its guidance for the rest of this year, while Vanguard’s third-quarter profit fell by more than half, likewise lowering its projected earnings.
Here are the five-day stock prices and percentage changes for the week of April 29 through May 3.
• Community Health Systems (Franklin, Tenn.): $45.62 per share (up 4.80 percent)
• Health Management Associates (Naples, Fla.): $10.76 per share (down 3.93 percent)
• Hospital Corporation of America (Nashville, Tenn.): $41.00 per share (up 7.19 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $47.61 per share (up 5.08 percent)
• Tenet Healthcare (Dallas): $46.52 per share (up 13.02 percent)
• Universal Health Services (King of Prussia, Pa.): $65.65 per share (up 1.34 percent)
• Vanguard Health Systems (Nashville, Tenn.): $13.25 per share (down 5.29 percent)
More Articles on For-Profit Hospitals:
Health Management Associates’ Q1 Profit Declines 39%
HCA’s 1Q Profit Plunges 36%
HCA Buys Carondelet Health in Missouri From Ascension
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