TABLE 3Stock Price Trends Among the Hospital Management Companies, 1977-1981

Year-End Stock Price (after adjustment for general inflation)Multiple of 1981 Price to 1976
19811977
HCA$ 33.02$ 13.122.5
Humana31.504.886.5
AMI24.837.003.6
NME25.736.883.7
Lifemark28.008.073.5
Dow Jones industrial average (unadjusted for inflation)875.00831.771.05

Source: 1981 company annual reports.

From: Wall Street and the For-Profit Hospital Management Companies

Cover of The New Health Care for Profit
The New Health Care for Profit: Doctors and Hospitals in a Competitive Environment.
Institute of Medicine (US); Gray BH, editor.
Washington (DC): National Academies Press (US); 1983.
Copyright © 1983 by the National Academy of Sciences.

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