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OKLAHOMA CITY -- Health Management Associates (HMA Quote) has replaced Tenet Healthcare (THC Quote) as the sickest player in the hospital group.
Both companies continue to struggle, with HMA weathering a painful drop in second-quarter admissions and Tenet posting another quarterly loss -- and cutting its 2008 guidance --- after bleeding for several years.
Both saw their shares plunge on Tuesday. HMA took the bigger hit, by far, as its stock plummeted 19% to $5.29 in late trading. Meanwhile, Tenet fell 6.9% to $5.80. ...
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