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Hospital shares rise as Irma damage lighter than feared

Reuters  |  NEW YORK 

NEW YORK (Reuters) - Stocks of U.S. hospital companies rose on Monday as damage from Hurricane Irma in Florida appeared to be lighter than feared.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 ...

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First Published: Mon, September 11 2017. 20:34 IST