After the Supreme Court upheld the Patient Protection and Affordable Care Act yesterday, the stock markets reacted wildly. Stocks were down in the market overall, but many hospital and healthcare companies reaped the benefits of the healthcare reform decision.
HMS Holdings, the Medicare Recovery Auditor for CMS Region D and one of the largest Medicare RACs in the country, was one of the biggest winners yesterday, ending the day at $31.75 per share, up more than 14 percent. Health insurers and medical device companies took a bigger hit, as the PPACA will require new coverage limitations and medical device taxes. Here are 12 hospitals and healthcare companies that both surged and fell from the Supreme Court's ruling. All figures represent when the market closed June 28.
• HMS Holdings (New York): $31.75 per share (up 14.25 percent)
• Hospital Corporation of America (Nashville, Tenn.): $29.47 per share (up 10.75 percent)
• Community Health Systems (Franklin, Tenn.): $27.76 per share (up 8.91 percent)
• Health Management Associates (Naples, Fla.): $7.49 per share (up 8.87 percent)
• Molina Healthcare (Long Beach, Calif.): $23.16 per share (up 8.63 percent)
• Universal Health Services (King of Prussia, Pa.): $42.60 per share (up 8.54 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $40.57 per share (up 5.46 percent)
• Tenet Healthcare (Dallas): $5.25 per share (up 5.42 percent)
• WellPoint (Indianapolis): $65.90 per share (down 5.17 percent)
• Aetna (Harford, Conn.): $39.85 per share (down 2.71 percent)
• Cigna (Bloomfield, Conn.): $44.18 per share (down 2.69 percent)
• Stryker (Kalamazoo, Mich.): $53.79 per share (down 1 percent)
HMS Holdings, the Medicare Recovery Auditor for CMS Region D and one of the largest Medicare RACs in the country, was one of the biggest winners yesterday, ending the day at $31.75 per share, up more than 14 percent. Health insurers and medical device companies took a bigger hit, as the PPACA will require new coverage limitations and medical device taxes. Here are 12 hospitals and healthcare companies that both surged and fell from the Supreme Court's ruling. All figures represent when the market closed June 28.
Winners
• HMS Holdings (New York): $31.75 per share (up 14.25 percent)
• Hospital Corporation of America (Nashville, Tenn.): $29.47 per share (up 10.75 percent)
• Community Health Systems (Franklin, Tenn.): $27.76 per share (up 8.91 percent)
• Health Management Associates (Naples, Fla.): $7.49 per share (up 8.87 percent)
• Molina Healthcare (Long Beach, Calif.): $23.16 per share (up 8.63 percent)
• Universal Health Services (King of Prussia, Pa.): $42.60 per share (up 8.54 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $40.57 per share (up 5.46 percent)
• Tenet Healthcare (Dallas): $5.25 per share (up 5.42 percent)
Losers
• WellPoint (Indianapolis): $65.90 per share (down 5.17 percent)
• Aetna (Harford, Conn.): $39.85 per share (down 2.71 percent)
• Cigna (Bloomfield, Conn.): $44.18 per share (down 2.69 percent)
• Stryker (Kalamazoo, Mich.): $53.79 per share (down 1 percent)
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