US Publicly-Held Hospitals Common Stock Market Prices at 5.17 Times Net Asset Book Values

From a review of SEC filings, I found 15 US Publicly-Held Hospital Organizations with Net Assets or Stockholders' Equity above $100 mil.  One of them Fresenius Medical Care is a German company but with a massive 70% of its Profits generated in the US.  Its North American Corporate HQs is in Waltham, Massachusetts.

Below here is the most recent Total Market Capitalization (Number of Common Shares Outstanding X Market Price Per Share) per the Google Finance website as compared with the most recent Net Assets Book Value for each of them.

What the stock market is saying is that these 15 Hospital stocks in total are trading at an incredibly huge 5.17 times book value of their Net Assets.  Since common stocks trade based on future earnings, this also shows that the astute stock market is signaling that the future earnings of these Publicly-Held Hospitals will be just incredibly robust under the Affordable Care Act.

This is especially the case since when the Affordable Care Act fully kicks in, future Hospital Operating Income will be bolstered by both many of the Uninsured getting insurance and by the many of the Underinsured getting much better insurance.

And for Publicly-Held Hospital Organization operating hospitals in States electing to expand Medicaid, this future Hospital Operating Income will be exceptionally robust.

				Market	Ratio
				Capitalization	Market
				Above	Capitalization
		10-18-13		Net Assets	to
	State	Market	6-30-13	Book Value	Net Asset
Hospital Organization	HQs	Capitalization	Net Assets	Amount	Book Value
		mil $s	mil $s	mil $s
Fresenius Medical Care	MA	40,690	9,110	31,580	4.47
HCA	TN	21,710	(7,485)	29,195	3.90
DaVita Health Partners	CO	12,340	4,282	8,058	2.88
Universal Health Services	PA	7,890	3,044	4,846	2.59
Mednax	FL	5,430	2,193	3,237	2.48
Tenet Healthcare	TX	4,860	981	3,879	4.95
Community Health Systems	TN	4,180	3,022	1,158	1.38
Health Management Associates	FL	3,800	1,094	2,706	3.47
Health South	AL	3,170	393	2,777	8.07
LifePoint Hospitals	TN	2,330	2,168	162	1.07
Acadia Healthcare	TN	2,020	451	1,569	4.48
Amsurg	TN	1,390	1,043	347	1.33
Select Medical Holdings	PA	1,250	789	461	1.58
Hanger	TX	1,240	533	707	2.33
IPC The Hospitalist Co	CA	891	286	605	3.12
Total all 15		113,191	21,904	91,287	5.17

As you can see from the above chart, these 15 US Publicly-Held Hospital Organizations have a Total Common Stock Market Capitalization of $113.191 bil at the most recent date, $91.287 bil above their Total Net Assets.