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Stock Market & Financial Investment News

News Breaks
October 15, 2012
14:02 EDTHUM, AMEDAmedisys 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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December 17, 2014
10:51 EDTHUMLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte provides outlook and favorite names for 2015 in the Hospitals and Managed Care Industry on an Analyst/Industry conference call to be held on December 18 at 1 pm.
December 16, 2014
08:35 EDTAMEDAmedisys names Paul Kusserow as CEO
Amedisys announced that its board has named Paul Kusserow as president and CEO and a member of the board. Kusserow will assume the role on December 16, from president and Interim CEO, Ronald LaBorde, who will remain a member of the senior management team in the role of vice chairman. LaBorde will also continue to serve as a member of the board. Kusserow was most recently vice chairman of Alignment Healthcare.
December 15, 2014
09:01 EDTHUMHumana appoints Cynthia Zipperle as Chief Accounting Officer
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December 12, 2014
13:52 EDTHUMLeerink healthcare services analyst holds an analyst/industry conference call
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December 10, 2014
14:45 EDTHUMDeal would block payments to health insurance companies, The Hill says
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10:56 EDTHUMSaint Luke's enters into agreement with Humana
Saint Luke’s Health System and Humana announced an agreement through which Humana will offer a new health insurance plan to Missourians purchasing insurance through the Missouri Health Insurance Marketplace, also known as an exchange.

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