Year to date, Dallas-based Tenet Healthcare’s shares are up about 70 percent; Franklin, Tenn.-based Community Health Systems’ shares have more than doubled; and Nashville, Tenn.-based HCA Healthcare’s shares have also jumped, according to the June 24 report.
Industry analysts told the Journal that hospital stock performance this year began as a recovery rally, but may instead be longer lasting due to rebounding patient volumes and initiatives to boost margins.
“There is generally a sense that volumes have rebounded but that there is still further room to run,” Credit Suisse analyst A.J. Rice, told the Journal.
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