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REHABCARE GROUP INC (RHB)
Rehabcare Group, Inc. provides rehabilitation program management services for hospitals, nursing homes, and other long term care facilities. It operates in two segments, Program Management Services and Healthcare Management Consulting. The Program Management Services segment operates inpatient acute rehabilitation units for patients with diagnoses, such as stroke, orthopedic conditions, arthritis, spinal cord, and traumatic brain injuries. Its outpatient therapy programs provide management of therapy services to patients with work-related and sports-related illnesses and injuries. This segment also offers contract therapy services, including rehabilitation services in freestanding skilled nursing, long term care, and assisted living facilities for neurological, orthopedic and other medical conditions. The Healthcare Management Consulting segment offers strategic and financial planning, performance improvement, physicians' services, and revenue cycle services for healthcare providers. Its customers include hospitals, nursing homes, and other long-term care facilities located in 37 states in the United States, the District of Columbia, and Puerto Rico. RehabCare Group was established in 1982 and is based in St. Louis, Missouri.
DYNACQ HEALTHCARE INC (DYII)
Dynacq Healthcare, Inc., through its subsidiaries, engages in the development and management of general acute care hospitals that principally provide specialized general surgeries, such as bariatric, orthopedic, and neuro-spine surgeries primarily in the United States. The company also provides fertility, sleep laboratory, and pain management services, as well as minor emergency treatment services; and ear, nose, and throat services. Its hospitals include operating rooms, pre and postoperative space, intensive care units, nursing units, and diagnostic facilities, as well as medical office buildings that lease space to physicians and other healthcare providers. As of August 31, 2005, it owned four hospital facilities in the United States, as well as a 70% equity interest in Shanghai DeAn Hospital, a joint venture formed for the purpose of constructing a hospital in Shanghai, China. The company was incorporated in 1983. It was formerly known as Dynacq International, Inc. and changed its name to Dynacq Healthcare, Inc. in 2003. Dynacq Healthcare is based in Houston, Texas.
AmSurg Corp., through its wholly owned subsidiaries, engages in the development, acquisition, and operation of practice-based ambulatory surgery centers in partnership with physician practice groups in the United States. Its surgery centers commonly perform colonoscopy and other endoscopy procedures in the area of gastroenterology; cataracts and retinal laser surgery in the area of ophthalmology; knee arthroscopy and carpal tunnel repair in the area of orthopedics; and myringotomy and tonsillectomy in the area of otolaryngology. As of December 31, 2004, the company owned a majority interest in 128 surgery centers in 30 states and the District of Columbia, of which 79 centers performed gastrointestinal endoscopy procedures, 39 centers performed ophthalmology surgery procedures, 5 centers performed orthopedic procedures, and 5 centers performed procedures in more than one specialty. AmSurg markets its surgery centers directly to third-party payors, including health maintenance organizations, preferred provider organizations, other managed care organizations, and employers. The company was founded in 1992 and is headquartered in Nashville, Tennessee.
MEDCATH CORPORATION (MDTH)
MedCath Corporation engages in the ownership and operation of hospitals in partnership with physicians. The company focuses on the diagnosis and treatment of cardiovascular disease. In addition to hospitals, it owns and/or manages cardiac diagnostic and therapeutic facilities. The company also offers consulting and management services to cardiologists and cardiovascular surgeons. Its services are offered through mobile cardiac catheterization laboratories. As of September 30, 2005, the company owned and operated 12 hospitals with a total of 727 licensed beds in Arizona, Arkansas, California, Louisiana, New Mexico, Ohio, South Dakota, and Texas. MedCath was founded in 1988 and is headquartered in Charlotte, North Carolina.
UNIVERSAL HEALTH SERVICES INC (UHS)
Universal Health Services, Inc., through its subsidiaries, engages in the ownership and operation of acute care hospitals, behavioral health centers, and ambulatory surgery and radiation oncology centers. Its hospitals provide general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, and behavioral health services. As of March 1, 2005, it operated 44 acute care hospitals and 49 behavioral health centers located in the United States, Puerto Rico, and France. The company was founded by Alan B. Miller in 1978. Universal Health Services is based in King of Prussia, Pennsylvania.
LIFEPOINT HOSPITALS INC (LPNT)
LifePoint Hospitals, Inc. operates general and acute care hospitals in nonurban communities in the United States. Its hospitals provide a range of medical and surgical services, including diagnostic and emergency services; and outpatient and ancillary services, such as outpatient surgery, laboratory, radiology, respiratory therapy, and physical therapy. The company operated 53 hospitals primarily in Alabama, Florida, Kansas, Kentucky, Louisiana, Tennessee, Utah, West Virginia, and Wyoming, as of November 18, 2005. LifePoint Hospitals was formed in 1997 and is headquartered in Brentwood, Tennessee.
COMMUNITY HEALTH SYSTEMS INC (CYH)
Community Health Systems, Inc. engages in the ownership, lease, and operation of acute care hospitals in the United States. Its hospitals offer a range of inpatient and outpatient medical and surgical services, including orthopedics, cardiology, occupational medicine, diagnostic services, emergency services, rehabilitation treatment, home health, and skilled nursing. As of December 31, 2004, it owned, leased, or operated 71 hospitals in 22 states, with an aggregate of 7,888 licensed beds. The company was organized in 1985 and is based in Brentwood, Tennessee.
SUNLINK HEALTH SYSTEMS INC (SSY)
SunLink Health Systems, Inc. provides health care services through the operation of community hospitals in the United States. As of June 30, 2005, it operated seven hospitals in four states, including Georgia, Mississippi, Alabama, and Missouri. The company also operates nursing homes and home health agencies. SunLink Health Systems was incorporated in 1959. It was formerly known as KRUG International Corp. and changed its name to SunLink Health Systems, Inc. in 2001. The company is headquartered in Atlanta, Georgia.
HEALTH MANAGEMENT ASSOCIATES INC (HMA)
Health Management Associates, Inc. engages in the ownership and operation of general acute care hospitals and psychiatric hospitals in nonurban communities primarily in the southeastern and southwestern United States. Its services include general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, behavioral health services, and psychiatric care. The company also provides outpatient services, such as one-day surgery, laboratory, x-ray, respiratory therapy, cardiology, and physical therapy. In addition, it offers specialty services in cardiology, such as open-heart surgery; neuro-surgery; oncology; radiation therapy; CT scanning; MRI imaging; lithotripsy; and full-service obstetrics. As of September 30, 2005, the company operated 57 hospitals, consisting of 55 acute care hospitals with approximately 8,128 beds; and 2 psychiatric hospitals with approximately 182 beds. Health Management Associates was formed in 1977 and is headquartered in Naples, Florida.
TENET HEALTHCARE CORPORATION (THC)
Tenet Healthcare Corporation operates as a health care services company in the United States. The company, through its subsidiaries, provides healthcare services primarily through the operation of general hospitals and related health care facilities. Its hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies; intensive care, critical care, and/or coronary care units; physical therapy; and orthopedic, oncology, and outpatient services. The hospitals also offer tertiary care services, such as open-heart surgery, neonatal intensive care, and neuroscience; quaternary care services in areas, such as heart, lung, liver, and kidney transplants; and bone marrow transplants. As of December 31, 2004, it operated 80 general hospitals, with 19,668 licensed beds, serving urban and rural communities in 13 states. Of 80 general hospitals, 64 were owned by its subsidiaries, and 16 were owned by third parties and leased by its subsidiaries. The company also owned or leased various related health care facilities, including 2 rehabilitation hospitals, 1 specialty hospital, 4 nursing facilities, and 85 medical office buildings; and owned or leased physician practices, captive insurance companies, and various ancillary health care businesses, including outpatient surgery centers, occupational and rural health care clinics, and an interest in a health maintenance organization, as of the above date. Tenet Healthcare Corporation is headquartered in Dallas, Texas.