For the second straight week, most hospital stocks took a dive.
Stock value decreased only marginally for most hospital companies, although Franklin, Tenn.-based Community Health Systems saw its shares tumble more than 7 percent. Last week, CHS posted big losses in the first quarter as it still tried to integrate hospitals from Health Management Associates into its portfolio.
Brentwood, Tenn.-based LifePoint Hospitals gained 1.28 percent, the lone for-profit hospital operator to post a positive week.
• Community Health Systems (Franklin, Tenn.): $36.68 per share (down 7.07 percent)
• Hospital Corporation of America (Nashville, Tenn.): $51.51 per share (down 0.71 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $57.61 per share (up 1.28 percent)
• Tenet Healthcare Corp. (Dallas): $44.36 per share (down 2.31 percent)
• Universal Health Services (King of Prussia, Pa.): $82.57 per share (down 1 percent)
More Articles on For-Profit Hospitals:
CHS Loses $112M During Initial HMA Integration
Medicaid Expansion Helps IASIS' Q2 Revenue Amidst Net Loss
Despite Q1 Loss, Tenet Highlights Positive Trends