As Congress attempted to defund the Patient Protection and Affordable Care Act through spending bills last week, the markets reacted with uncertainty, particularly for the for-profit hospital sector.
Four of the major for-profit hospital companies recorded share losses last week. Dallas-based Tenet Healthcare Corp. had the biggest losses, as its shares were down more than 4 percent. Franklin, Tenn.-based Community Health Systems kept its head above water, earning 0.45 percent on shares. King of Prussia, Pa.-based Universal Health Services continues its strong year, as it gained 1.25 percent last week and is now trading at $74.29 per share.
Here are the five-day stock prices and percentage changes for the week of Sept. 23 through Sept. 27.
• Community Health Systems (Franklin, Tenn.): $40.10 per share (up 0.45 percent)
• Health Management Associates (Naples, Fla.): $12.60 per share (down 1.64 percent)
• Hospital Corp. of America (Nashville, Tenn.): $42.07 per share (down 0.21 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $45.95 per share (down 1.03 percent)
• Tenet Healthcare Corp. (Dallas): $40.33 per share (down 4.04 percent)
• Universal Health Services (King of Prussia, Pa.): $74.29 per share (up 1.25 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.98 per share (flat)
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