Universal Health Services: Health Care Winners and Losers
NEW YORK -- Hospital operator stocks traded higher Thursday but appeared unaffected by President Obama's health care reform address last night.
One of the primary goals of health care reform would be expanding coverage to the uninsured, which could increase admissions to hospitals. Shares of hospital operator stocks struggled in 2008, primarily due to declining admissions and rising unpaid debt. Several of the stocks have made strong recoveries this year. In midday trading, shares of Tenet Healthcare (THC Quote) picked up 13 cents, or 2.6%, to $5.22. Shares of the Dallas-based company have more than quadrupled in value in 2009. Shares of Universal Health Services (UHS Quote) added 29 cents to $59.44. Stock in the King of Prussia, Pa., company has advanced 57% in 2009. Shares of LifePoint Hospitals (LPNT Quote) of Brentwood, Tenn., were unchanged at $24.62. LifePoint shares are up 7.8% this year. Shares of Health Management Associates (HMA Quote) rose 13 cents to $7.19. The Naples, Fla., company's stock has more than tripled in value this year, and set an annual high of $7.35 on Thursday.- Loading Comments...
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