For-Profit Hospital Stocks Rocket After Obama’s Re-Election

President Barack Obama’s re-election turned out to be great news for the country’s major for-profit hospital operators, as most of their stocks posted large one-day gains following the results.

Advertisement

Dallas-based Tenet Healthcare and Nashville, Tenn.-based Hospital Corporation saw the largest one-day jumps, as their shares increased 9.58 percent and 9.44 percent, respectively. Here were the swings in for-profit hospital stocks, from Tuesday to Wednesday.

•    Tenet Healthcare (Dallas): $24.95 to $27.34 (up 9.58 percent)

•    Hospital Corporation of America (Nashville, Tenn.): $30.93 to $33.85 (up 9.44 percent)

•    Health Management Associates (Naples, Fla.): $7.72 to $8.28 (up 7.25 percent)

•    Community Health Systems (Franklin, Tenn.): $28.68 to $30.39 (up 5.96 percent)

•    Vanguard Health Systems (Nashville, Tenn.): $10.57 to $11.13 (up 5.3 percent)

•    Universal Health Services (King of Prussia, Pa.): $43.71 to $45.60 (up 4.32 percent)

•    LifePoint Hospitals (Brentwood, Tenn.): $37.07 to $37.02 (down 0.13 percent)

More Articles on For-Profit Hospitals:

Increased Outpatient Volume Drives Tenet’s Big 3Q Profit Growth

For-Profit Hospital Stock Report: Week of Oct. 29-Nov. 2, 2012

Capella Healthcare’s 3Q Losses Jump 50% From Year Ago

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.