Shares of Dallas-based Tenet Healthcare Corp. dropped almost 6 percent last week alone, the most of any system. On Tuesday, Tenet reported net losses of $24 million in the fourth quarter and $134 million on the year, thanks in part to costs associated with the acquisition of Nashville, Tenn.-based Vanguard Health Systems.
Universal Health Services‘ shares fell 2.22 percent. The King of Prussia, Pa.-based hospital operator posted $124.5 million of net profit in the fourth quarter last Friday, which was an 8 percent drop from the same period in 2012.
• Community Health Systems (Franklin, Tenn.): $41.51 per share (down 0.91 percent)
• Hospital Corporation of America (Nashville, Tenn.): $51.20 per share (up 2.38 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $54.25 per share (up 2.51 percent)
• Tenet Healthcare Corp. (Dallas): $44.12 per share (down 5.87 percent)
• Universal Health Services (King of Prussia, Pa.): $80.28 per share (down 2.22 percent)
More Articles on For-Profit Hospitals:
Profit at UHS Drops in Q4, Up in FY 2013
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Tenet Healthcare Posts Net Losses in 2013 After Vanguard Purchase
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