NEW YORK, NY -- (Marketwire) -- 11/09/12 -- Hospital stocks across the board posted strong gains Wednesday after voters re-elected President Obama and "Obamacare" was preserved. The law will provide health insurance to approximately 30 million Americans who previously had no insurance. The Paragon Report examines investing opportunities in the Healthcare Facilities Industry and provides equity research on Tenet Healthcare Corporation (NYSE: THC) and Vanguard Health Systems, Inc. (NYSE: VHS).
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Under "Obamacare" every American will have to acquire health insurance by 2014 or be subjected to a tax. For those who can't afford health insurance they will be offered subsidies or Medicaid. It was estimated that in 2009 nearly 50 million Americans were without Health Insurance according to data from the Census Bureau. Gary Taylor, an analyst at Citi Investment Research, expects hospital stocks to see short term gains of approximately 15 percent, but still remain volatile.
"Despite this very good news, some investors will be selling the election news, others will remain on the sidelines until details of deficit reduction cuts begin percolating through the market," Taylor said.
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Tenet Healthcare through its subsidiaries operates 49 hospitals, over 100 free-standing outpatient centers and Conifer Health Solutions, a leader in business process solutions for health care providers serving nearly 400 hospital and health care entities nationwide. For the third quarter of 2012 the company reported net operating revenues increased 5.8 percent year-over-year to $2.221 billion.
Vanguard Health Systems owns and operates 28 acute care and specialty hospitals and complementary facilities and services in metropolitan areas across the U.S. The company's strategy is to develop locally branded, comprehensive health care delivery networks in urban markets. Shares of the company have surged nearly 20 percent in the last three months.
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