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Shares of hospital firms extended their decline over concerns that government spending may dry...
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Wednesday, January 4, 2012, 5:22 PM ETShares of hospital firms extended their decline over concerns that government spending may dry up. A Citigroup note yesterday pinpointed eight firms heavily reliant on Medicare funding that could be especially vulnerable, and each has dropped sharply over two days: HCA -5.6%, HMA -3.4%, LPNT -4.1%, SUNH -3.9%, UHS -4.8%, THC -8.8%, LNCR -4.4%, AHS -8.4%.
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