This summer’s Covid-19 surge put a sizable dent in hospital finances, with two large investor-owned chains reporting lower revenue and profits in the recently ended third quarter compared to the same period a year ago.
Stocks in HCA Healthcare and Tenet Healthcare shed north of 10% and 30% of their value at times, respectively, on Friday following their underwhelming reports for the quarter, which ended Sept. 30. The companies collectively own more than 240 hospitals.
Create a display name to comment
This name will appear with your comment