AdaptHealth joins S&P SmallCap 600
By HME News Staff
Updated 11:33 AM CDT, Mon August 8, 2022
PLYMOUTH MEETING, Pa. – AdaptHealth replaced Meritor in the S&P SmallCap 600 prior to the opening of trading on Aug. 4. Meritor is being acquired by Cummins, which is listed on the S&P 500, in a deal expected to be completed soon, removing the company from the index. The S&P Dow Jones Indices are the largest global resource for essential index-based concepts, data and research, and home to financial market indicators like the S&P 500 and the Dow Jones Industrial Average. The S&P SmallCap 600 is a stock market index that covers the small-cap range of American stocks using a capitalization-weighted index. To be included, a stock must have a total market capitalization that ranges from $850 million to $3.6 billion. AdaptHealth, which has 757 locations in 47 states, has a market cap of $3.42 billion.
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