June 24, 2013 at 17:45 PM EDT
Hospitals Buck Into ObamaCare Era; Vanguard Soars 68%
Two medical industries posted healthy gains Monday as the general market sagged. The hospital operators' group led, hauled higher as Vanguard Health Systems (VHS) arced 67% higher on news that it would be acquired by Tenet Healthcare (THC). Tenet trimmed an early 9% gain to end the session up 4%. Managed care insurers also rose, mainly on the strength of the very thinly traded USMD Holdings (USMD), which jumped 18%. The Vanguard acquisition would
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