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Stock Market & Financial Investment News

News Breaks
May 29, 2014
12:55 EDTAET, AET, WCG, WCG, WAG, WAG, UNH, UNH, UAM, UAM, MOH, MOH, MGLN, MGLN, HUM, HUM, HNT, HNT, ESRX, ESRX, CVS, CVS, CTRX, CTRX, CNC, CNC, CI, CI, WLP, WLPLeerink healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Gupte discusses the ongoing wave of specialty pharmaceuticals innovation and the implications for health plans and pharmacy benefit management on an Analyst/Industry conference call. Relevant companies AET, CI, CNC, CTRX, CVS, ESRX, HNT, HUM, MGLN, MOH, UAM, UNH, WAG, WCG and WLP may be discussed on the Analyst/Industry conference call to be held on May 30 at 1:30 pm.
News For AET;CI;CNC;CTRX;CVS;ESRX;HNT;HUM;MGLN;MOH;UAM;UNH;WAG;WCG;WLP From The Last 14 Days
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March 24, 2015
06:12 EDTWCGWellCare says Chairman David Gallitano will not stand for re-election
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March 23, 2015
12:17 EDTHUMOn The Fly: Midday Wrap
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10:01 EDTCTRXOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allied World (AWH) initiated with a Market Perform at Keefe Bruyette... Capnia (CAPN) initiated with a Buy at Maxim... Catamaran (CTRX) initiated with a Buy at Mizuho... CyberArk (CYBR) initiated with a Buy at BofA/Merrill... Inotek Pharmaceuticals (ITEK) initiated with a Buy at Canaccord... Kinder Morgan (KMI) initiated with a Buy at Argus... MGM China (MCHVF) initiated with a Market Perform at Bernstein... Maxim Integrated (MXIM) initiated with a Buy at Summit Research... Melco Crown (MPEL) initiated with an Outperform at Bernstein... Microsemi (MSCC) initiated with an Outperform at BMO Capital... Sands China (SCHYY) initiated with an Outperform at Bernstein... Tetraphase (TTPH) initiated with a Buy at Nomura... Vista Outdoor (VSTO) initiated with a Sector Weight at KeyBanc... Wynn Macau (WYNMF) initiated with a Market Perform at Bernstein.
09:07 EDTHUMSelect Medical agrees to acquire Concentra through JV with Welsh Carson
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09:04 EDTHUMHumana to sell Concentra to Select Medical, Welsh Carson for $1.055B in cash
Humana (HUM) has reached a definitive agreement to sell the stock of its wholly-owned subsidiary, Concentra, to MJ Acquisition Corporation, a joint venture between Select Medical Holdings Corporation (SEM), an operator of specialty hospitals and outpatient rehabilitation clinics in the U.S., and Welsh, Carson, Anderson & Stowe XII, L.P., a private equity fund, for approximately $1.055B in cash, subject to customary adjustments. Humana acquired Concentra in December 2010. Subsequently, the assets of certain privately-operated Community Based Outpatient Clinics were transferred into Concentra. Additionally, Humana has divested certain Concentra non-core assets over the past four years. The decision to divest Concentra demonstrates the company’s commitment to its previously announced business portfolio review. Humana will continue performing its review of the alignment and return potential of businesses across the organization to ensure each supports the company’s integrated care delivery strategy and earns the appropriate return on invested capital. The Concentra transaction is anticipated to close during the second quarter of 2015 subject to Hart Scott Rodino regulatory clearance and customary closing conditions. Humana anticipates using the net proceeds from the transaction to advance its strategic growth priorities, to fund additional share repurchases under its existing $2 billion authorization and for general corporate purposes. Goldman, Sachs & Co. is acting as financial advisor to Humana. Fried, Frank, Harris, Shriver & Jacobson LLP is acting as legal advisor to Humana. Concentra reported revenues for the year ended December 31, 2014 were approximately $1B. Humana anticipates the Concentra divestiture will be slightly dilutive to 2015 EPS excluding any one-time gain expected upon the close of the transaction.
09:02 EDTHUMHumana reiterates FY15 EPS view $8.50-$9.00, concensus $8.87
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09:02 EDTHUMHumana to sell Concentra to Select Medical, Welsh Carson for $1.055B in cash
06:18 EDTCTRXCatamaran initiated with a Buy at Mizuho
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March 20, 2015
08:18 EDTHNT, CNC, WCG, UNH, CI, MOH, MGLN, HUM, UAM, AETLeerink healthcare services analyst holds an analyst/industry conference call
Healthcare Services Analyst Gupte discusses Sustainable Growth Rate (SGR) and the proposed pay-fors and implications For Healthcare Services on an Analyst/Industry conference call to be held on March 20 at 11 am.
March 19, 2015
10:12 EDTHNTHealth Net to reaffirm FY15 EPS guidance 'at least' $2.70
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10:02 EDTAETOn The Fly: Analyst Upgrade Summary
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08:20 EDTAETAetna upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Aetna to Buy from Neutral. The firm says that the company is the best-positioned name within the large-cap health plan space , a defensive sector that has little exposure to Europe and reasonable growth prospects, according to the firm.
06:19 EDTAETAetna upgraded to Buy from Neutral at Sterne Agee
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March 18, 2015
12:46 EDTAETAetna, HackensackAlliance ACO announce collaboration
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06:33 EDTMGLNMagellan Health to acquire 4D Pharmacy Management Systems
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March 17, 2015
09:00 EDTAETAetna management to meet with JPMorgan
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08:04 EDTESRXExpress Scripts has a conference call hosted by JPMorgan
JPMorgan Analyst Gill will host a conference call with CEO George Paz on March 18 at 11 am.
06:31 EDTCVSStudies find Gilead's hepatitis C drugs cost effective, Reuters says
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March 16, 2015
10:56 EDTMOHMolina Healthcare management to meet with Sterne Agee
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09:04 EDTHUMHumana announcse completion of $500M accelerated share repurchase program
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