Last Monday, Tenet said it would buy Vanguard for $4.3 billion. This immediately shot up the stocks of both companies. Vanguard stood at $20.74 per share — up almost 68 percent and higher than its stock price when it first went public — while Tenet’s shares went for $46.10.
Hospital Corp. of America was the only for-profit chain to lose ground last week, but June was a down month overall for the sector. Every operator, except for Vanguard and Health Management Associates, ended June with lower stock prices than when the month started.
Here are the five-day stock prices and percentage changes for the week of June 24 through June 28.
• Community Health Systems (Franklin, Tenn.): $46.88 per share (up 3.31 percent)
• Health Management Associates (Naples, Fla.): $15.72 per share (up 1.68 percent)
• Hospital Corporation of America (Nashville, Tenn.): $36.06 per share (down 3.69 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $48.84 per share (up 0.33 percent)
• Tenet Healthcare (Dallas): $46.10 per share (up 10.16 percent)
• Universal Health Services (King of Prussia, Pa.): $66.96 per share (up 1.73 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.74 per share (up 67.66 percent)
More Articles on For-Profit Hospitals:
Fitch: For-Profit Hospitals’ Low Volumes Due to “Systemic Shifts” in Industry
HMA Selected to Lease Bert Fish Medical Center
What Does the Tenet-Vanguard Merger Mean for Healthcare?
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