Five of the six major publicly traded hospital chains gained ground last week, and four of the six saw their shares rise by at least 5 percent.
Dallas-based Tenet Healthcare Corp. and King of Prussia, Pa.-based Universal Health Services were the biggest winners last week. Tenet’s shares soared 6.21 percent to $46.68, the company’s highest mark since early November, while UHS shares rose 6.22 percent to $85.52, a new company record. Investors displayed high confidence in Nashville, Tenn.-based Hospital Corporation of America and Brentwood, Tenn.-based LifePoint Hospitals, as their shares increased 5.75 percent and 5.49 percent, respectively.
Franklin, Tenn.-based Community Health Systems continues to struggle a bit as uncertainty surrounds its potential takeover of Naples, Fla.-based Health Management Associates. The merger is expected to close this month, but CHS will be dealing with more federal investigations.
Here are the five-day stock prices and percentage changes for the week of Jan. 6 through Jan. 10.
• Community Health Systems (Franklin, Tenn.): $41.33 per share (down 1.38 percent)
• Health Management Associates (Naples, Fla.): $13.34 per share (up 0.15 percent)
• Hospital Corporation of America (Nashville, Tenn.): $51.32 per share (up 5.75 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $56.09 per share (up 5.49 percent)
• Tenet Healthcare Corp. (Dallas): $46.68 per share (up 6.21 percent)
• Universal Health Services (King of Prussia, Pa.): $85.52 per share (up 6.22 percent)
More Articles on For-Profit Hospitals:
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HMA Shareholders Approve Merger With CHS
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