August ended as an unkind month for many for-profit hospital companies, as stock prices were down nearly across the board heading into Labor Day.
Franklin, Tenn.-based Community Health Services and King of Prussia, Pa.-based Universal Health Services were the biggest losers of the past week. Shares of CHS dropped below the $40 mark for the first time since February. UHS lost almost $3 per share to $67.75.
Here are the five-day stock prices and percentage changes for the week of Aug. 26 through Aug. 30.
• Community Health Systems (Franklin, Tenn.): $39.26 per share (down 4.57 percent)
• Health Management Associates (Naples, Fla.): $12.86 per share (down 1.15 percent)
• Hospital Corp. of America (Nashville, Tenn.): $38.19 per share (down 0.18 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $45.23 per share (down 1.87 percent)
• Tenet Healthcare Corp. (Dallas): $39.05 per share (down 2.35 percent)
• Universal Health Services (King of Prussia, Pa.): $67.75 per share (down 3.79 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.95 per share (up 0.19 percent)
More Articles on For-Profit Hospitals:
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For-Profit Hospital Stock Report: Week of Aug. 19-23, 2013