President Barack Obama's re-election turned out to be great news for the country's major for-profit hospital operators, as most of their stocks posted large one-day gains following the results.
Dallas-based Tenet Healthcare and Nashville, Tenn.-based Hospital Corporation saw the largest one-day jumps, as their shares increased 9.58 percent and 9.44 percent, respectively. Here were the swings in for-profit hospital stocks, from Tuesday to Wednesday.
• Tenet Healthcare (Dallas): $24.95 to $27.34 (up 9.58 percent)
• Hospital Corporation of America (Nashville, Tenn.): $30.93 to $33.85 (up 9.44 percent)
• Health Management Associates (Naples, Fla.): $7.72 to $8.28 (up 7.25 percent)
• Community Health Systems (Franklin, Tenn.): $28.68 to $30.39 (up 5.96 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.57 to $11.13 (up 5.3 percent)
• Universal Health Services (King of Prussia, Pa.): $43.71 to $45.60 (up 4.32 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $37.07 to $37.02 (down 0.13 percent)
Dallas-based Tenet Healthcare and Nashville, Tenn.-based Hospital Corporation saw the largest one-day jumps, as their shares increased 9.58 percent and 9.44 percent, respectively. Here were the swings in for-profit hospital stocks, from Tuesday to Wednesday.
• Tenet Healthcare (Dallas): $24.95 to $27.34 (up 9.58 percent)
• Hospital Corporation of America (Nashville, Tenn.): $30.93 to $33.85 (up 9.44 percent)
• Health Management Associates (Naples, Fla.): $7.72 to $8.28 (up 7.25 percent)
• Community Health Systems (Franklin, Tenn.): $28.68 to $30.39 (up 5.96 percent)
• Vanguard Health Systems (Nashville, Tenn.): $10.57 to $11.13 (up 5.3 percent)
• Universal Health Services (King of Prussia, Pa.): $43.71 to $45.60 (up 4.32 percent)
• LifePoint Hospitals (Brentwood, Tenn.): $37.07 to $37.02 (down 0.13 percent)
More Articles on For-Profit Hospitals:
Increased Outpatient Volume Drives Tenet's Big 3Q Profit Growth
For-Profit Hospital Stock Report: Week of Oct. 29-Nov. 2, 2012
Capella Healthcare's 3Q Losses Jump 50% From Year Ago