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Happy (for industry) hospital-admission numbers

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Sterne Agee/CRT analyst Brian Wright writes:
“We view 1Q15 results as an important milestone for hospital shares showing generally better-than-expected admission admission levels on a current quarter and two-year stacked basis. While comparisons become more challenging as the year progresses, our positive thesis on the hospital industry is not a function of second derivative growth calculations, but one of absolute admission levels. We view improved adjusted admissions outlooks as sustainable, especially given increased capital expenditure plans and organic growth commentary from the companies.”

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