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Benzinga
Benzinga
Business
Vandana Singh

HCA Healthcare's Softer Guidance Pulls Hospital Peers Down

HCA HCA Healthcare NYSE HCA Healthcare Inc Inflation Covid-19 Nasdaq Pandemic
  • Earlier today HCA Healthcare Inc (NYSE:HCA) reported Q1 earnings and cut FY22 guidance.
  • The revised outlook is based on current expectations regarding the impact of the COVID-19 pandemic and related government legislation, labor cost, and inflation.
  • Related: Why Are HCA Healthcare Shares Trading Lower Today.
  • HCA's lower guidance outlook has triggered a sell-off among other hospital players.
  • Despite positive comments from RBC Capital Markets, Tenet Healthcare Corp's (NYSE:THC) shares are down 15% during the market trading session.
  • Also See: Tenet Healthcare Clocks 43% Jump In Q1 Profit Despite Flat Sales, Q2 Profit Outlook Trails Consensus.
  • Other tickers witnessing the sell-off include Universal Health Services Inc (NYSE:UHS) down 13% at $134.34, Encompass Health Corp (NYSE:EHC) down 7.73% at $67.12, Community Health Systems Inc (NYSE:CYH) down 18.4% at $9.38, Acadia Healthcare Company Inc (NASDAQ:ACHC) down 7.63% at $69.13, Surgery Partners Inc (NASDAQ:SGRY) lower by 17.6% at $49.58.
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