HCA - Tenet HCA drag hospital stocks to 52-week lows after Q3 earnings

• The shares of healthcare providers are in freefall on Friday, with many reaching 52-week lows after leading hospital chains Tenet Healthcare ( THC ) and HCA Healthcare ( NYSE: HCA ) disappointed Wall Street with their earnings for Q3 2022.
• Reaching a 52-week low, Tenet Healthcare ( THC ) has led the decline after reporting lower-than-expected EBITDA for the quarter on Thursday after the closing bell.
• HCA ( HCA ) brought more pain to the industry in the pre-market on Friday with its disappointing Q3 2022 performance, which management attributed to tough prior year comparisons and Hurricane Ian that impacted Florida in September.
• Surgery Partners ( SGRY ), Select Medical Holdings ( SEM ), Universal Health Services ( UHS ), and Community Health Systems ( CYH ) have also reached 52-week lows. HCA Healthcare ( HCA ) and Acadia Healthcare ( ACHC ) are also on the decline.
• See how the above peers are stacked up against each other in terms of financial measures, shareholder returns, and ratings.

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