For-profit stock report: Week of Oct. 27-31

All five of the major for-profit hospital operators saw their stock prices decrease last week.

Brentwood, Tenn.-based LifePoint Hospitals reported strong third-quarter financial results last week, with its revenues from continuing operations up 29.6 percent from its revenues for the third quarter of last year. However, shares of LifePoint fell 0.41 percent to $70.01.

King of Prussia, Pa.-based Universal Health Services' announced its net income for the third quarter was $82.8 million, down from the $114.6 million the hospital operator posted in the third quarter of 2013. Its share price also fell last week.

  • Community Health Systems (Franklin, Tenn.): $54.96 per share (down 2.88 percent)
  • Hospital Corporation of America (Nashville, Tenn.): $70.04 per share (down 2.83 percent)
  • LifePoint Hospitals (Brentwood, Tenn.): $70.01 per share (down 0.41 percent)
  • Tenet Healthcare Corp. (Dallas): $56.04 per share (down 3.74 percent)
  • Universal Health Services (King of Prussia, Pa.): $103.69 per share (down 4.51 percent)

More articles on healthcare finance:


Cigna's revenues increased 9% in Q3
5 most-read finance stories: Week of Oct. 27-31
7 recent hospital rating and outlook changes, affirmations

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars