Hospital stocks were down for all five major for-profit companies last week.
Tenet Healthcare Corp., based in Dallas, saw its stock plummet 4.57 percent, closing at $46.97. Franklin, Tenn.-based Community Health Systems' shares also dropped considerably, declining by 3.19 percent to $43.46. Meanwhile, Nashville, Tenn.-based Hospital Corporation of America stock decreased by 1.1 percent to $54.98.
Brentwood, Tenn.-based LifePoint Hospitals and King of Prussia, Pa.-based Universal Health Services saw more minor decreases of 0.19 percent to $64.38 and 0.79 percent to $94.07, respectively.
• Community Health Systems (Franklin, Tenn.): $43.46 per share (down 3.19 percent)
• Hospital Corporation of America (Nashville, Tenn.): $54.98 per share (down 1.1 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $64.38 per share (down 0.19 percent)
• Tenet Healthcare Corp. (Dallas): $46.97 per share (down 4.57 percent)
• Universal Health Services (King of Prussia, Pa.): $94.07 per share (down 0.79 percent)
More Articles on For-Profit Hospitals:
For-Profit Hospital Stock Report: Week of June 2-6, 2014
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Connecticut Governor Signs Bill to Modify Nonprofit, For-Profit Hospital Conversions