Hospital stocks were up across the board last week, with all five major for-profit companies gaining more than 4 percent.
Franklin, Tenn.-based Community Health Systems saw its stocks skyrocket more than 14 percent, closing at $42.70. Dallas-based Tenet Healthcare Corp.'s shares rose 6.07 percent on the week, and Brentwood, Tenn.-based LifePoint Hospitals stocks increased 5.8 percent.
Universal Health Services, based in King of Prussia, Pa., and Nashville, Tenn.-based Hospital Corporation of America also saw notable increases, at 5.42 percent and 4.27 percent respectively.
• Community Health Systems (Franklin, Tenn.): $42.70 per share (up 14.69 percent)
• Hospital Corporation of America (Nashville, Tenn.): $53.44 per share (up 4.27 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $60.60 per share (up 5.8 percent)
• Tenet Healthcare Corp. (Dallas): $47.90 per share (up 6.07 percent)
• Universal Health Services (King of Prussia, Pa.): $89.43 per share (up 5.42 percent)
More Articles on For-Profit Hospitals:
HCA's Top Private Equity Owners to Sell 29.5M Shares
LifePoint HEN Reports Significant Quality Improvements
For-Profit Hospital Stock Report: Week of May 12-16, 2014