Hurricane Dorian, barreling up the East Coast, could bring steep costs for some of the nation's largest for-profit hospital operators, according to financial news website The Fly, which cites a research note from Evercore ISI analyst Michael Newshel.
Among the nation's largest for-profit hospital operators, Dallas-based Tenet Healthcare has the most hospitals in the path of Hurricane Dorian. About 22 percent of Tenet's beds are in coastal counties in Florida, Georgia, South Carolina and North Carolina. Of those beds, about 10 percent are in areas with mandatory evacuation orders.
Additionally, Nashville, Tenn.-based HCA Healthcare also has a high proportion of beds in the storm's path. About 15 percent of its beds are in coastal counties in Florida, Georgia and South Carolina. About 8 percent of its beds are in counties that have received evacuation orders.
Universal Health Services, based in King of Prussia, has 3.6 percent of its inpatient beds and 8 percent of its behavioral health beds in the affected coastal counties.
Franklin, Tenn.-based Community Health Systems and Brentwood, Tenn.-based Quorum Health don't have coastal exposure in the four states expected to be impacted by the storm, according to Mr. Newshel's research note.