Article Abstract:
Short-sellers are investors who borrow stock and sell it, capitalizing on the opportunity to make large profits when a stock price is in decline. The health care industry currently is being targeted by short-sellers. Among the healthcare companies being short-sold is Columbia/HCA Healthcare. Columbia/HCA Sr. VP Victor Campbell says that it is not surprising that the firm is a prime short-sale target as it has 450 million shares outstanding and a daily turnover of 1.5 million shares. Other companies being targeted are Foundation Health Corp. and Cardinal Health.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The stocks of some hospital companies and health maintenance organizations fell precipitately in Oct 1997, after a period of rising prices for shares of hospital companies and health maintenance organizations. Columbia/HCA Corp lost about half its value after accusations of Medicare fraud. Nevertheless, the stocks of several hospital chains rose, and most analysts recommend healthcare industries investments because of expected steady growth.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The health care industry is struggling to attract information technology personnel due to high demand for IT professionals across all sectors of the economy, according to a survey by the Healthcare Information and Management Systems Society. Health care companies also struggle to retain talented IT workers, who are often recruited by high-tech Silicon Valley companies with the offer of bigger paychecks and a fast-paced environment.
User Contributions:
Comment about this article or add new information about this topic: