Dallas-based Tenet Healthcare Corp. lost the most — more than 4 percent of share value — despite the fact the chain announced a new regional partnership with Yale New Haven (Conn.) Health System.
However, the Obama administration made several moves last week that made investors wary of hospital stock. The president’s 2015 budget, although unlikely to be approved, included massive cuts to hospitals and health systems. In addition, the administration further extended the use of health plans that don’t comply with Patient Protection and Affordable Care Act requirements. Some analysts, including Moody’s Investors Service, said extending noncompliant plans could negatively affect the industry.
• Community Health Systems (Franklin, Tenn.): $40.09 per share (down 3.42 percent)
• Hospital Corporation of America (Nashville, Tenn.): $49.63 per share (down 3.07 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $53.73 per share (down 0.96 percent)
• Tenet Healthcare Corp. (Dallas): $42.31 per share (down 4.10 percent)
• Universal Health Services (King of Prussia, Pa.): $79.24 per share (down 1.30 percent)
More Articles on For-Profit Hospitals:
Capella Healthcare Loses $32M in 2013
Tenet, Yale New Haven Form Regional Partnership
Tucson Medical Center Sells Psychiatric Facility to UHS
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