Investor-owned hospitals closed January 2014 with a strong week.
Shares of Franklin, Tenn.-based Community Health Systems rose more than 3.2 percent after the company finally closed on its acquisition of Health Management Associates in Naples, Fla. The deal still requires CHS to sell two hospitals. Health Management is no longer trading on the market, becoming the second such hospital operator to do so since October. Nashville, Tenn.-based Vanguard Health Systems ceased trading after Dallas-based Tenet Healthcare Corp. bought it for more than $4 billion.
Nashville, Tenn.-based Hospital Corporation of America gained almost 4 percent, while Brentwood, Tenn.-based LifePoint Hospitals was the sole loser of the week. Including King of Prussia, Pa.-based Universal Health Services, there are only five for-profit hospital operators with at least 20 acute-care hospitals trading on the stock markets.
• Community Health Systems (Franklin, Tenn.): $41.41 per share (up 3.27 percent)
• Hospital Corporation of America (Nashville, Tenn.): $50.27 per share (up 3.86 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $53.01 per share (down 1.56 percent)
• Tenet Healthcare Corp. (Dallas): $46.01 per share (up 2.36 percent)
• Universal Health Services (King of Prussia, Pa.): $82.02 per share (up 2.12 percent)
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