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 HCA Holdings Inc. (NYSE: HCA) and Health Management Associates, Inc. (NYSE: HMA).
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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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Approximately four to five percent of all inpatient care delivered in the country today is provided by HCA facilities. At December 31, 2011, the company operated 163 hospitals, comprised of 157 general, acute care hospitals; five psychiatric hospitals, and one rehabilitation hospital. For the third quarter of 2012 the company reported revenues had increased 11.1 percent year-over-year to $8.062 billion. Shares of HCA Holdings have gained over 25 percent in the past month.
Health Management, through its subsidiaries, operates 70 hospitals, with approximately 10,500 licensed beds, in non-urban communities located throughout the United States. For the third quarter of 2012 the company reported revenues of $1.440 billion, an increase 18.1 percent when compared to the year-ago period. Shares of Health Management have surged over 20 percent in the last three months.
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