All five major for-profit hospital operators saw their stock prices fall last week.
Franklin, Tenn.-based Community Health Systems saw the largest decrease in share price, with shares falling 50 percent. CHS saw the large decrease the same week it previewed its financial and operating results for the third quarter of 2016. CHS expects to post an $83 million operating loss in the third quarter of 2016, compared with an operating income of $121 million for the same period of 2015.
King of Prussia, Pa.-based Universal Health Services saw its share price fall 1.9 percent, the least of any of the major for-profit hospital operators.
Here is how the five operators' stock prices stacked up.
- Community Health Systems (Franklin, Tenn.): $5.18 per share (down 50 percent)
- HCA Holdings (Nashville, Tenn.): $77.31 per share (down 5.4 percent)
- LifePoint Health (Brentwood, Tenn.): $59.35 per share (down 3.4 percent)
- Tenet Healthcare (Dallas): $20.25 per share (down 13.9 percent)
- Universal Health Services (King of Prussia, Pa.): $121.19 per share (down 1.9 percent)
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