Most shares of for-profit hospital companies fared well during the week of Dec. 3 — with one notable exception.
Shares of Naples, Fla.-based Health Management Associates dropped more than 4 percent on the week due in large part to a "60 Minutes" investigation that alleged inappropriate activity at HMA-owned hospitals, including inaccurate Medicare billing and inpatient admission quotas for emergency department physicians. Last Monday, Health Management stocks closed the day down almost 6 percent, although it regained value later in the week.
Here are the five-day stock prices and percentage changes for the week of Dec. 3 through Dec. 7, 2012. (Note: Slight differences from week-to-week numbers are due to after-hour trading.)
• Community Health Systems (Franklin, Tenn.): $29.72 per share (up 0.88 percent)
• Health Management Associates (Naples, Fla.): $7.63 per share (down 4.03 percent)
• Hospital Corporation of America (Nashville, Tenn.): $33.76 per share (up 6.33 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $36.43 per share (up 1.25 percent)
• Tenet Healthcare (Dallas): $28.85 per share (down 0.38 percent)
• Universal Health Services (King of Prussia, Pa.): $45.62 per share (up 1.22 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.91 per share (up 3.22 percent)
Shares of Naples, Fla.-based Health Management Associates dropped more than 4 percent on the week due in large part to a "60 Minutes" investigation that alleged inappropriate activity at HMA-owned hospitals, including inaccurate Medicare billing and inpatient admission quotas for emergency department physicians. Last Monday, Health Management stocks closed the day down almost 6 percent, although it regained value later in the week.
Here are the five-day stock prices and percentage changes for the week of Dec. 3 through Dec. 7, 2012. (Note: Slight differences from week-to-week numbers are due to after-hour trading.)
• Community Health Systems (Franklin, Tenn.): $29.72 per share (up 0.88 percent)
• Health Management Associates (Naples, Fla.): $7.63 per share (down 4.03 percent)
• Hospital Corporation of America (Nashville, Tenn.): $33.76 per share (up 6.33 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $36.43 per share (up 1.25 percent)
• Tenet Healthcare (Dallas): $28.85 per share (down 0.38 percent)
• Universal Health Services (King of Prussia, Pa.): $45.62 per share (up 1.22 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.91 per share (up 3.22 percent)
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