Hurricane Sandy forced the stock markets to close on Monday and Tuesday last week, but when the markets opened back up on Halloween, for-profit hospital operators saw their share values jump.
All seven of the major for-profit hospital chains that trade publicly increased their share prices in the three days of trading last week, with Nashville, Tenn.-based Hospital Corporation experiencing the largest jump. For-profit hospital stocks have suffered mightily over the past several weeks, but as the election and quarterly reports come to a close, shares reversed course.
Dallas-based Tenet Healthcare is the only one of the seven left to report quarterly earnings, and it will release those financials Wednesday.
Here are the five-day stock prices and percentage changes for the week of Oct. 29 through Nov. 2, 2012.
• Community Health Systems (Franklin, Tenn.): $29.51 per share (up 7.62 percent)
• Health Management Associates (Naples, Fla.): $7.57 per share (up 3.7 percent)
• Hospital Corporation of America (Nashville, Tenn.): $30.67 per share (up 7.95 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $36.46 per share (up 3.17 percent)
• Tenet Healthcare (Dallas): $25.03 per share (up 6.06 percent)
• Universal Health Services (King of Prussia, Pa.): $42.75 per share (up 3.29 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.48 per share (up 8.26 percent)
All seven of the major for-profit hospital chains that trade publicly increased their share prices in the three days of trading last week, with Nashville, Tenn.-based Hospital Corporation experiencing the largest jump. For-profit hospital stocks have suffered mightily over the past several weeks, but as the election and quarterly reports come to a close, shares reversed course.
Dallas-based Tenet Healthcare is the only one of the seven left to report quarterly earnings, and it will release those financials Wednesday.
Here are the five-day stock prices and percentage changes for the week of Oct. 29 through Nov. 2, 2012.
• Community Health Systems (Franklin, Tenn.): $29.51 per share (up 7.62 percent)
• Health Management Associates (Naples, Fla.): $7.57 per share (up 3.7 percent)
• Hospital Corporation of America (Nashville, Tenn.): $30.67 per share (up 7.95 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $36.46 per share (up 3.17 percent)
• Tenet Healthcare (Dallas): $25.03 per share (up 6.06 percent)
• Universal Health Services (King of Prussia, Pa.): $42.75 per share (up 3.29 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.48 per share (up 8.26 percent)
More Articles on For-Profit Hospitals:
Vanguard Health Systems Posts $13.9M Profit in 1Q of FY 2013