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Stock Market & Financial Investment News

News Breaks
May 1, 2014
07:05 EDTCVS, CAHCardinal Health confirms CVS joint venture on track for July 1
Cardinal Health (CAH) confirms that the previously announced joint venture with CVS CareMark (CVS), which will form the largest generic sourcing entity in the U.S., remains on track to be operational as soon as July 1. The U.S.-based joint venture will operate under the name Red Oak Sourcing, LLC, and will be located in Foxborough, Mass.
News For CAH;CVS From The Last 14 Days
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August 27, 2015
19:14 EDTCVSExpress Scripts to cover both Repatha, Praluent for now, Bloomberg says
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08:32 EDTCVSCVS Health enters into two new clinical affiliations
CVS Health has entered into new clinical affiliations with two health systems, St. Luke's University Health Network in Bethlehem, Pennsylvania and TriHealth in Cincinnati, Ohio. Through these clinical affiliations, CVS Health will provide prescription and visit information to the participating health care organizations.
August 26, 2015
08:32 EDTCVSCVS Health to partner with telehealth providers to improve patient care
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August 25, 2015
16:01 EDTCVSTarget sees $550M pretax gain after closing CVS transaction
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10:21 EDTCAHCardinal Health to acquire majority stake in naviHealth
Cardinal Health announced that it is acquiring a majority stake in naviHealth and expects the transaction to close later this week. Privately-held naviHealth partners with health plans, health systems and providers to manage the post-acute segment of the care continuum. naviHealth's principal investor, Welsh, Carson, Anderson & Stowe, along with management, will continue to have an ownership interest in the business. Cardinal Health said it is acquiring 71% of naviHealth for approximately $290M, with a goal of acquiring the entire business within four years, in accordance with a series of call/put rights during that period of time. Cardinal expects this acquisition to be neutral to its FY16 non-GAAP diluted earnings per share from continuing operations as it is a partial period, and slightly accretive to non-GAAP diluted earnings per share from continuing operations beginning in FY17, the first full year post close. "From a GAAP perspective, it is too early in the process to provide any specific guidance on the amortization of intangible assets. Once the fair value estimates are complete, we will provide additional details. Recall that our FY16 assumptions provided on our earnings call on July 30, 2015 only included those acquisitions that had been completed through June 30," the company stated in an FAQ document related to the deal.
09:26 EDTCAHRBC Capital to hold a bus tour
Healthcare Bus Tour travels throughout Nashville, TN to visit with various healthcare companies on August 25-26.
August 19, 2015
16:00 EDTCVSTarget shares driven higher after earnings, cool after hot open
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11:03 EDTCVSTarget says sees Q3 SSS up 1%-2%
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August 18, 2015
13:01 EDTCVSEarnings Watch: Target to report Q2 results after management changes
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10:09 EDTCVSCVS Health completes Omnicare acquisition for total enterprise value of $12.9B
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