HCA Healthcare (NYSE:HCA)'s stock price has recently seen an uptick, rising 0.64% to $244.05 on Friday, outpacing the losses of major indexes.
The rise comes after a monthly drop of 4.6% in the healthcare company's stock, according to InvestingPro data. In fact, the 1 Month Price Total Return for HCA Healthcare was -4.0% as of Y2023.D293. Despite this, the company has managed to achieve an 18.06% 1 Year Price Total Return, demonstrating resilience in the face of market volatility.
Catholic Medical Center’s plan to join HCA Healthcare — the for-profit health care giant that also owns hospitals in Portsmouth, Rochester and Derry — is still in its early stages.
But before the deal becomes final, it will need buy-in from New Hampshire Attorney General John Formella, who says a proposed merger of this size will “merit a lot of close scrutiny.”
That includes how it might impact costs and access to care for patients, Formella said.
“In any transaction, we are going to want to see a commitment that the acquiring hospital keeps critical services going in the hospital that they've acquired,” he said.
The amount for Penn's flagship hospital in University City amounts to the sixth-largest payout to any hospital in the nation, and accounts for the bulk of the $129.2 million coming to the University of Pennsylvania Health System.
Seeking to determine if Quorum Health was meeting its statutory obligations to operate Martin General Hospital, Martin County enlisted the help of North Carolina Attorney General Josh Stein last year to get those answers.
More than $16 million in federal aid will go to four rural Arkansas hospitals that received preliminary approval for the funds Tuesday from state lawmakers.