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Stock Market & Financial Investment News

News Breaks
October 15, 2012
14:02 EDTAMED, HUMAmedisys sinks after warning new deal will generate less revenue
Home health care provider Amedisys (AMED) is tumbling after the company renewed its contract with health insurer Humana (HUM), but predicted that the new deal would generate 50% less revenue than the previous agreement. The new contract may cover fewer markets and Amedisys will be paid on a per visit basis, rather than on an episodic basis as was previously the case, Amedisys reported. Amedisys, which noted that it had previously generated $65M-$70M in revenue from Humana each year, said the new agreement would begin impacting its revenue this quarter. However, the "full impact" of the deal won't be felt until 2013, the home health care provider added. In mid-afternoon trading, Amedisys sank $1.39, or 10.43%, to $11.94.
News For AMED;HUM From The Last 14 Days
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September 29, 2014
13:28 EDTHUMHumana announces health application integration with Apple's HealthKit
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September 24, 2014
06:45 EDTHUMGovernment says more health insurers to enter exchanges in 2015, NY Times says
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September 19, 2014
06:49 EDTHUMGovernment says 7.3M in private Obamacare plans, NY Times reports
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