For the second straight week, hospital stocks took a beating as the industry suffered from a hangover related to generally poor second-quarter earnings reports.
Franklin, Tenn.-based Community Health Systems, which reported poor quarterly figures and is currently in the process of acquiring Naples, Fla.-based Health Management Associates, lost the most. Its shares tumbled 7.72 percent to $40.55. Dallas-based Tenet Healthcare Corp.'s shares fell 4.78 percent — not as much as the week prior but enough to bring the operator's stock to less than $40 per share.
King of Prussia, Pa.-based Universal Health Services dropped below $70 per share, a point it hasn't hit since the end of July.
Here are the five-day stock prices and percentage changes for the week of Aug. 12 through Aug. 16.
• Community Health Systems (Franklin, Tenn.): $40.55 per share (down 7.72 percent)
• Health Management Associates (Naples, Fla.): $12.95 per share (down 2.19 percent)
• Hospital Corp. of America (Nashville, Tenn.): $37.90 per share (down 2.85 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $46.81 per share (down 3.66 percent)
• Tenet Healthcare Corp. (Dallas): $39.67 per share (down 4.78 percent)
• Universal Health Services (King of Prussia, Pa.): $69.80 per share (down 2.88 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.86 per share (flat)
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