Hospital Stocks’ Rally Points to Post-Covid Growth

  • 📰 WSJ
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Hospital stocks have trounced the market this year and are higher than they were pre-Covid-19. The steps hospital operators took to get through the pandemic could keep the rally going.

Hospital stocks have trounced the market this year, and the steps they took to get through the pandemic could keep the rally going.

Hospitals were hit hard financially by the costs of Covid-19, which crimped their ability to do high-margin elective procedures. Some firms took large government grants to help them make up for losses tied to the pandemic and for treating Covid-19 patients. The financial turmoil of the past year in some respects has added to the urgency of changes that already were under way at publicly traded hospital operators. Many have been focused on boosting margins by shifting services to lower-cost outpatient centers, selling off less-profitable assets and cutting costs from their businesses.

These efforts are winning support from investors. They have helped the shares of big hospital operators such as Tenet Healthcare Corp. and Community Health Systems Inc. significantly outperform the broader market this year. Tenet is up around 70% year-to-date while the shares of Community Health Systems have more than doubled so far in 2021. HCA Healthcare Inc. has also jumped.

What began as a recovery rally for hospital stocks could now prove to be longer lasting, say analysts and industry investors. Rebounding patient volumes are combining with longer-term initiatives to squeeze more profits out of hospitals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Purposeful plan ofCOVID ILLNESS PLAGUE lies 2give rich medical investors control &increased profits. It will show many murders &crimes by rich medical investors2take shares also.They went4lives homes stocks cars youth 4sextrade &doing USgenocide calling it thin the herd.Pure evil

'Hospital Stocks' At least someone is making a profit! I read an article about how old doctors had been forced through the pandemic to work by themselves, in busy ERs , on very long shifts. But they squeezed a Profit outta those guys - So let's celebrate.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Prove capitalism wrong with two words: 'Hospital stocks'

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him RonelMoses32 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines