Aside from two hospital companies that are currently on the acquisition block, the for-profit hospital sector bounced back mildly last week following a rough patch through much of August.
Heading into Labor Day, nearly every company's stock was down. However, Nashville, Tenn.-based HCA and others shook off some of the losses. HCA gained the most last week, as its shares moved up 3.48 percent to $39.52 per share — its highest level in a month.
Naples, Fla.-based Health Management Associates and Nashville, Tenn.-based Vanguard Health Systems, both of which are in the middle of merger deals, were the only two operators to lose ground last week, albeit minimal. Their shares have not changed much since their merger announcements and most likely won't because of the mergers' predetermined purchase prices.
Here are the five-day stock prices and percentage changes for the week of Sept. 2 through Sept. 6.
• Community Health Systems (Franklin, Tenn.): $39.68 per share (up 1.07 percent)
• Health Management Associates (Naples, Fla.): $12.78 per share (down 0.62 percent)
• Hospital Corp. of America (Nashville, Tenn.): $39.52 per share (up 3.48 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $45.30 per share (up 0.15 percent)
• Tenet Healthcare Corp. (Dallas): $39.86 per share (up 2.07 percent)
• Universal Health Services (King of Prussia, Pa.): $68.46 per share (up 1.05 percent)
• Vanguard Health Systems (Nashville, Tenn.): $20.92 per share (down 0.14 percent)
More Articles on For-Profit Hospitals:
OIG Subpoenas Team Health Over Services Rendered to HMA
For-Profit Hospital Breakdown: What to Know About the 10 Largest Companies
For-Profit Hospital Stock Report: Week of Aug. 26-30, 2013