For most of the Wall Street-backed hospital companies, the last week of March was bullish, with six out of seven companies ending the week with positive gains.
CHS continues to be one of the most profitable for-profit hospital operators, as it gained 5.45 percent on shares last week. Tenet was not far behind, with shares up 4.85 percent.
For the second straight week, Vanguard was the only chain to post a loss, and last week, its shares tumbled more than 10.5 percent. Vanguard took a major hit after it announced its Arizona-based Medicaid managed care plan, VHS Phoenix Health Plan, did not receive a contract from Arizona's Medicaid program for this upcoming year. PHP accounted for roughly $636 million of Vanguard's total revenue last year.
Here are the five-day stock prices and percentage changes for the week of March 25 through March 29.
• Community Health Systems (Franklin, Tenn.): $47.39 per share (up 5.45 percent)
• Health Management Associates (Naples, Fla.): $12.87 per share (up 3.96 percent)
• Hospital Corporation of America (Nashville, Tenn.): $40.63 per share (up 3.36 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $48.46 per share (up 1.64 percent)
• Tenet Healthcare (Dallas): $47.58 per share (up 4.85 percent)
• Universal Health Services (King of Prussia, Pa.): $63.87 per share (up 1.98 percent)
• Vanguard Health Systems (Nashville, Tenn.): $14.87 per share (down 10.53 percent)
CHS continues to be one of the most profitable for-profit hospital operators, as it gained 5.45 percent on shares last week. Tenet was not far behind, with shares up 4.85 percent.
For the second straight week, Vanguard was the only chain to post a loss, and last week, its shares tumbled more than 10.5 percent. Vanguard took a major hit after it announced its Arizona-based Medicaid managed care plan, VHS Phoenix Health Plan, did not receive a contract from Arizona's Medicaid program for this upcoming year. PHP accounted for roughly $636 million of Vanguard's total revenue last year.
Here are the five-day stock prices and percentage changes for the week of March 25 through March 29.
• Community Health Systems (Franklin, Tenn.): $47.39 per share (up 5.45 percent)
• Health Management Associates (Naples, Fla.): $12.87 per share (up 3.96 percent)
• Hospital Corporation of America (Nashville, Tenn.): $40.63 per share (up 3.36 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $48.46 per share (up 1.64 percent)
• Tenet Healthcare (Dallas): $47.58 per share (up 4.85 percent)
• Universal Health Services (King of Prussia, Pa.): $63.87 per share (up 1.98 percent)
• Vanguard Health Systems (Nashville, Tenn.): $14.87 per share (down 10.53 percent)
More Articles on For-Profit Hospitals:
Sale of Providence, St. John Hospitals to Prime Healthcare Under Review By Kansas AG
Anaheim General Hospital in California to Shutter in May
New York Scraps For-Profit Hospital Program