(Bloomberg) -- Shares of the three biggest publicly tradedhospital companies rose Monday after the government said that about6 million people have signed up for Obamacare, also known as thePatient Protection and Affordable CareAct, coverage for next year on U.S.-run markets.
It's a good sign after concerns that the industry’s benefit fromthe program was shrinking.
Tenet Healthcare Corp. gained 8.9 percent to $29.86 at 11:57a.m. in New York, after earlier rising 10 percent in the biggestintraday gain since June 25.
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