Commentary - 09/27/2006

Who "Controls" Our Hospitals?

So, who really controls the major hospital companies in the United States. When you start to see that the same "owners" show up in drugs, healthcare and hospital companies, it's no wonder that we can not afford to pay our medical bills. Perhaps this is why we can't even get help from our representatives to Congress: [and this is only from the top 20 list.]

American Medical Assn$19,380,000
Pharmaceutical Rsrch & Mfrs of America$16,517,781
American Hospital Assn$16,405,186
Blue Cross/Blue Shield (Wellpoint)$ 8,903,590
Medical Lobbying Total for 2005$61,206,557

No wonder politicians don't care about how much it costs to run for their office. Healthcare might just be only one avenue by which public affairs is used for private gain. Another interesting fact is that of the eight companies listed, 23 key executives take out a total of $23.34M PER YEAR! No wonder a hospital room costs so much.

I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then, at significant costs to all of us.

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

The Five Largest Hospital Owners By Market Cap (as of 30-JUN-2006)  
Symbol Name Of Corporation

5 Key


1. HCA Inc. [$20.3B]
% of Shares Held by All Insider and 5% Owners:5.00%
Dodge & Cox Inc.10.59%
Barclays Global Investors UK Holdings Ltd9.72%
Davis Selected Advisers, LP5.36%
State Street Corporation2.52%
Franklin Resources, Inc.2.49%
Vanguard Group, Inc.2.47%
Pzena Investment Management, LLC2.45%
Private Capital Management, Inc.2.37%
Putnam Investment Management, LLC2.34%
Wellington Management Company LLP2.11%
Top 10 of 412 Institutional Holders Control42.42%
Barclays and "Associates" Control19.34%

4 Key

2. Health Management Associates Inc. [$5.0B]
FMR Corporation (Fidelity Management & Research Corp)11.73%
Private Capital Management, Inc.8.52%
Dodge & Cox Inc.7.18%
Barclays Global Investors UK Holdings Ltd5.05%
SPO Advisory Corp.4.88%
T. Rowe Price Associates4.02%
Vanguard Group, Inc.3.23%
State Street Corporation2.65%
Wellington Management Company LLP2.32%
Amvescap Plc2.23%
Top 10 of 366 Institutional Holders Control51.81%
Barclays and "Associates" Control20.24%

5 Key

3. Tenet Healthcare Corp. [$4.0B]
Franklin Resources, Inc.17.80%
Brandes Investment Partners L.P.13.77%
Hotchkis & Wiley Capital Management, LLC9.40%
The TCW Group, Inc.4.52%
Massachusetts Financial Services Co.3.23%
Barclays Global Investors UK Holdings Ltd3.22%
Vanguard Group, Inc.3.19%
Gardner Lewis Asset Management, Inc.2.78%
State Street Corporation2.54%
Morgan Stanley1.81%
Top 10 of 288 Institutional Holders Control62.26%
Barclays and "Associates" Control25.37%

4 Key

4. Triad Hospitals Inc. [$3.9B]
TPG-AXON Capital Management LP.6.04%
Equinox Capital Management5.31%
Capital Research And Management Company5.03%
Waddell & Reed Financial Inc.5.00%
Barclays Global Investors UK Holdings Ltd3.69%
Lazard Asset Management LLC3.19%
Vanguard Group, Inc.3.03%
United States Trust Company Of New York2.76%
Barrow, Hanley Mewhinney & Strauss, Inc.2.75%
Capital Guardian Trust Company2.71%
Top 10 of 283 Institutional Holders Control39.51%
Barclays and "Associates" Control14.64%

5 Key

5. Community Health Systems, Inc. [$3.5B]
FMR Corporation (Fidelity Management & Research Corp)7.08%
T. Rowe Price Associates5.58%
Iridian Asset Management LLC5.10%
Barclays Global Investors UK Holdings Ltd4.23%
Putnam Investment Management, LLC4.17%
Mellon Financial Corporation4.16%
Franklin Resources, Inc.3.86%
Vanguard Group, Inc.3.73%
Bamco Inc.3.46%
JP Morgan Chase & Co.3.27%
Top 10 of 293 Institutional Holders Control44.64%
Barclays and "Associates" Control21.48%

2006 by Edward Ulysses Cate

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