Shares of Tenet Healthcare Corp rose 3.9 percent, Community Health Systems Inc shares were up 2.8 percent, Envision Healthcare Corp rose 1.7 percent and HCA Health shares were up 1.4 percent in morning trading.
"It doesn't look like the worst-case scenario," said KeyBanc Capital Markets analyst Jason Gurda. "Our expectation is at this point that they'll be open and accepting patients sometime over the next few days," he said.
Leerink analyst Ana Gupte last week forecast the storm could hurt earnings before interest, tax, depreciation and amortization industry wide by as much as 2.7 percent in the quarter. She said in an email on Monday that it appears the impact will be less than that.
(Reporting by Michael Erman)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)