Health Care Facilities


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. HCA Healthcare, Inc HCA16,67017,95319,72921,80823,50224,45525,47726,85828,37430,05230,68329,68233,01334,18236,91839,67841,49043,61446,67751,336
2. Tenet Healthcare Corporation THC12,05313,91312,48113,2129,9199,6148,7018,8528,6639,0149,2058,8549,11911,10216,61518,73319,75219,32318,46318,654
3. Community Health Systems, Inc CYH1,3381,6942,2002,8353,3333,7384,3667,12710,84012,10812,98713,62613,02912,99818,63919,43718,43815,35314,15513,210
4. Universal Health Services, Inc UHS2,2412,8393,2583,6423,9373,9344,1894,7505,0225,2015,5687,5006,9617,2848,0659,0439,76610,41010,77211,378
5. Alcon Inc ALC1391511461681762052312292342292332342286,7766,5966,7927,1537,508
6. Select Medical Holdings Corporation SEM1,9922,1532,2402,3902,8052,9492,9763,0653,7434,2864,4445,0815,454
7. Encompass Health Corporation EHC4,1954,3803,9603,9583,7543,2083,0001,7531,8421,9111,9992,0272,1622,2732,4063,1633,6463,9194,2774,605
8. Genesis Healthcare, Inc GEN8708738428335,6195,7325,3744,9774,566
9. Acadia Healthcare Company, Inc ACHC642214077131,0051,7942,8112,8363,0123,107
10. The Ensign Group, Inc ENSG3594114695426507588259051,0271,3421,6551,8492,0412,037
11. Surgery Partners, Inc SGRY2854039601,1451,3411,7711,831
12. Five Star Senior Living Inc FVE2295225766287588279731,1041,1931,2411,2831,2081,2971,3281,3651,3781,3961,3901,415
13. Extendicare Inc EXETF1,2111,0711,1161,3301,4521,6881,4811,8401,6832,0852,0752,0542,0531,9067027081,0611,0971,1201,132
14. Hanger, Inc HNGR4865085265485695785996377037608179199861,0461,0121,0671,0421,0411,0491,098
15. National HealthCare Corporation NHC451405444458508527539573618668716774761786872907927967980996
16. Chartwell Retirement Residences CWSRF115193301635613640719754847889750686766805868918
17. Sienna Senior Living Inc LWSCF204255273285322333393453498558642670
18. U.S. Physical Therapy, Inc USPH638195105118132135151188201211237252264305331357414454482
19. Diversicare Healthcare Services, Inc DVCR196206199196203204217245289302290315308282344388426575563475
20. Capital Senior Living Corporation CSU6071616693105142172177174199264311350381412447467460447
21. Medical Facilities Corporation MFCSF72122148178201206219220240310311309339385432398
22. The Joint Corp JYNT2.795.967.1213.8421253248
23. SunLink Health Systems, Inc SSY32428799112129136144158199198154147108105746353534648
24. Regional Health Properties, Inc RHE22232425275315120222319318.427252220
25. U.S. NeuroSurgical Holdings, Inc USNU02.612.973.213.413.423.07
26. Ethema Health Corporation GRST0.024.820.4200000000.191.685.545.963.423.1400.930.430.36
27. Brookdale Senior Living Inc BKD6617911,3101,8391,9282,0232,2132,4582,6422,7713,7044,7874,9774,7474,531-177.72
28. Rafina Innovations Inc VICA-00.030.060.690.360.41


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. HCA Healthcare, Inc HCA1.081.081.11.111.081.041.041.051.061.061.020.971.111.041.081.071.051.051.071.1
2. Tenet Healthcare Corporation THC1.061.061.150.91.060.750.970.911.020.981.041.020.961.031.221.51.131.050.980.961.01
3. Community Health Systems, Inc CYH1.271.271.31.291.181.121.171.631.521.121.071.050.9611.431.040.950.830.920.93
4. Universal Health Services, Inc UHS1.271.271.151.121.0811.061.131.061.041.071.350.931.051.111.121.081.071.031.06
5. Alcon Inc ALC1.081.080.971.151.051.161.130.991.020.981.021.010.9729.670.971.031.051.05
6. Select Medical Holdings Corporation SEM1.081.081.041.071.171.051.011.031.221.151.041.141.07
7. Encompass Health Corporation EHC1.041.040.910.950.850.940.581.051.041.051.011.071.051.061.311.151.071.091.08
8. Genesis Healthcare, Inc GEN110.970.996.741.020.940.930.92
9. Acadia Healthcare Company, Inc ACHC3.443.441.841.751.411.791.571.011.061.03
10. The Ensign Group, Inc ENSG1.151.151.141.151.21.171.091.11.141.311.231.121.11
11. Surgery Partners, Inc SGRY1.421.422.381.191.171.321.03
12. Five Star Senior Living Inc FVE2.282.281.11.091.211.091.181.131.081.041.030.941.071.021.031.011.0111.02
13. Extendicare Inc EXETF0.880.881.041.191.091.160.881.240.911.2410.9910.930.371.011.51.031.021.01
14. Hanger, Inc HNGR1.051.051.031.041.041.021.041.061.11.081.081.121.071.060.971.050.9811.011.05
15. National HealthCare Corporation NHC0.90.91.11.031.111.041.021.061.081.081.071.080.981.031.111.041.021.041.011.02
16. Chartwell Retirement Residences CWSRF1.681.681.562.110.961.051.121.051.121.050.840.911.121.051.081.06
17. Sienna Senior Living Inc LWSCF1.251.251.071.041.131.031.181.151.11.121.151.04
18. U.S. Physical Therapy, Inc USPH1.281.281.171.111.121.121.021.121.241.071.051.121.061.051.161.091.081.161.11.06
19. Diversicare Healthcare Services, Inc DVCR1.051.050.960.981.0411.061.131.181.050.961.080.980.921.221.131.11.350.980.84
20. Capital Senior Living Corporation CSU1.181.180.871.081.411.131.351.211.030.981.141.321.181.131.091.081.091.040.990.97
21. Medical Facilities Corporation MFCSF1.691.691.221.21.131.031.061.011.091.291.010.991.11.141.120.92
22. The Joint Corp JYNT2.142.141.191.941.481.231.261.52
23. SunLink Health Systems, Inc SSY1.31.32.11.131.141.141.051.061.11.260.990.780.950.740.970.70.860.840.990.861.05
24. Regional Health Properties, Inc RHE1.031.031.051.051.081.992.841.331.110.870.11.490.920.880.91
25. U.S. NeuroSurgical Holdings, Inc USNUINFINF1.141.081.0610.9
26. Ethema Health Corporation GRST2192190.090NANNANNANNANNANNANINF8.793.31.080.570.920INF0.470.83
27. Brookdale Senior Living Inc BKD1.21.21.661.41.051.051.091.111.071.051.341.291.040.950.95-0.04
28. Rafina Innovations Inc VICA-70.67-70.672.2211.430.521.16