Stocks in the for-profit hospital sector took a dip during the Fourth of July workweek, with six of the seven main operators losing share value.
Dallas-based Tenet Healthcare Corp. lost 6.12 percent last week, the most of any for-profit hospital chain, signaling that investors have calmed down following the company's recent acquisition announcement of Nashville, Tenn.-based Vanguard Health Systems.
Here are the five-day stock prices and percentage changes for the week of July 1 through June 5.
• Community Health Systems (Franklin, Tenn.): $45.87 per share (down 2.15 percent)
• Health Management Associates (Naples, Fla.): $15.50 per share (down 1.40 percent)
• Hospital Corp. of America (Nashville, Tenn.): $35.86 per share (down 0.55 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $47.86 per share (down 2.01 percent)
• Tenet Healthcare Corp. (Dallas): $43.28 per share (down 6.12 percent)
• Universal Health Services (King of Prussia, Pa.): $63.83 per share (down 4.67 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.78 per share (up 0.19 percent)
More Articles on For-Profit Hospitals:
Moody's: Tenet-Vanguard Merger Will Hurt Nonprofit Hospitals
Fitch: For-Profit Hospitals' Low Volumes Due to "Systemic Shifts" in Industry
For-Profit Hospital Stock Report: Week of June 24-28, 2013