Investors of for-profit hospital operators saw another gloomy week, as five of the seven major companies lost value on their share prices.
LifePoint Hospitals in Brentwood, Tenn., took the biggest pounding, losing 11.05 percent last week, after it announced third-quarter profit fell 51 percent due to high acquisition costs and other expenses.
Nashville, Tenn.-based Hospital Corporation of America's stocks moved up due to its cash dividend offering to investors. The company approved a dividend of $2.50 per share, which will be paid to shareholders Nov. 16.
Here are the five-day stock prices and percentage changes for the week of Oct. 22 through Oct. 26, 2012.
• Community Health Systems (Franklin, Tenn.): $26.79 per share (down 0.89 percent)
• Health Management Associates (Naples, Fla.): $7.28 per share (flat)
• Hospital Corporation of America (Nashville, Tenn.): $31.53 per share (up 5.21 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $36.16 per share (down 11.05 percent)
• Tenet Healthcare (Dallas): $23.33 per share (down 0.41 percent)
• Universal Health Services (King of Prussia, Pa.): $42.78 per share (down 2.33 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.45 per share (down 3.24 percent)
LifePoint Hospitals in Brentwood, Tenn., took the biggest pounding, losing 11.05 percent last week, after it announced third-quarter profit fell 51 percent due to high acquisition costs and other expenses.
Nashville, Tenn.-based Hospital Corporation of America's stocks moved up due to its cash dividend offering to investors. The company approved a dividend of $2.50 per share, which will be paid to shareholders Nov. 16.
Here are the five-day stock prices and percentage changes for the week of Oct. 22 through Oct. 26, 2012.
• Community Health Systems (Franklin, Tenn.): $26.79 per share (down 0.89 percent)
• Health Management Associates (Naples, Fla.): $7.28 per share (flat)
• Hospital Corporation of America (Nashville, Tenn.): $31.53 per share (up 5.21 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $36.16 per share (down 11.05 percent)
• Tenet Healthcare (Dallas): $23.33 per share (down 0.41 percent)
• Universal Health Services (King of Prussia, Pa.): $42.78 per share (down 2.33 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.45 per share (down 3.24 percent)
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