The hospital owner replaced the recently sold grocery chain for a spot on the index.
Hospital operator HCA Holdings joined the prestigious S&P 500 on Monday, the organization announced, replacing recently sold grocery chain Safeway for a spot on the index.
The Nashville-based company will be added the S&P's Global Industry Classification Standard Health Care Facilities Sub-Industry index, a subcategory of the index.
The S&P 500 includes stocks from some of the largest companies in the country, based on weight assigned to financial information such as market capitalization and industry influence.
HCA, which owns hospitals and freestanding surgery centers, has a market cap of more than $31 billion.
Topic: