For-Profit Hospital Stock Report: Week of Feb. 24-28, 2014

The last week of February led to varying results for the nation’s largest investor-owned hospital chains, as fourth-quarter and year-end financials are now all finalized.

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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
Struggling SunLink Renews Poison Pill Plan
Tenet Healthcare Posts Net Losses in 2013 After Vanguard Purchase

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