The subject of the reported takeover, Naples, Fla.-based Health Management Associates, benefited the most. Its price per share jumped 8.65 percent to $16.84, the highest it has been since 2007.
A Reuters report said last week that three hospital chains — Franklin, Tenn.-based Community Health Systems, Nashville, Tenn.-based Hospital Corp. of America and Brentwood, Tenn.-based LifePoint Hospitals — have each expressed interest in buying Health Management, with CHS being the most likely buyer. Stocks for all three potential buyers rose by at least 4 percent.
Here are the five-day stock prices and percentage changes for the week of July 8 through June 12.
• Community Health Systems (Franklin, Tenn.): $47.84 per share (up 4.29 percent)
• Health Management Associates (Naples, Fla.): $16.84 per share (up 8.65 percent)
• Hospital Corp. of America (Nashville, Tenn.): $37.62 per share (up 4.91 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $51.57 per share (up 7.75 percent)
• Tenet Healthcare Corp. (Dallas): $43.81 per share (up 1.22 percent)
• Universal Health Services (King of Prussia, Pa.): $67.82 per share (up 6.25 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.81 per share (up 0.14 percent)
More Articles on For-Profit Hospitals:
Report: CHS, HCA, LifePoint Interested in Buying HMA
4 Major Providers Make Moves to Acquire Citrus Memorial Hospital
Glenview Capital Continues Push to “Revitalize” HMA
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