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Stock Market & Financial Investment News

News Breaks
January 8, 2014
09:27 EDTCYH, HMAHealth Management stockholders approve acquisition by Community Health
Community Health Systems (CYH) and Health Management Associates (HMA) announced that HMA stockholders voted to adopt the previously announced merger agreement under which CHS has agreed to acquire HMA. HMA stockholders approved the transaction with approximately 98.7% of the votes cast in favor of adoption of the merger agreement, representing approximately 81.7% of HMA’s outstanding common shares as of November 22, 2013. The transaction is expected to be completed prior to the end of January and is subject to customary closing conditions, the receipt of regulatory approvals and the absence of certain adverse developments.
News For CYH;HMA From The Last 14 Days
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August 28, 2014
08:14 EDTCYHJefferies to hold a bus tour
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August 25, 2014
07:59 EDTCYHSome healthcare providers offer compelling opportunities, says Jefferies
Jefferies believes that the following healthcare providers reported good Q2 results which have not been adequately reflected by their stocks: Acadia Healthcare (ACHC), Almost Family (AFAM), Brookdale Senior Living (BKD), Catamaran (CTRX), Community Health (CYH), Envision Healthcare (EVHC), and HCA Holdings (HCA). The firm expects the sector as a whole to continue to improve in 2H14 amid continued tailwinds from healthcare reform.
August 18, 2014
10:41 EDTCYHCommunity Health discloses personal data compromised in cyber attack
Earlier today, Community Health (CYH) disclosed in a filing that in July Community Health Systems confirmed that its computer network was the target of an external, criminal cyber attack that the company believes occurred in April and June. The company and its forensic expert, Mandiant, a FireEye company (FEYE), believe the attacker was an “Advanced Persistent Threat” group originating from China who used highly sophisticated malware and technology to attack the company’s systems.The company has been informed by federal authorities and Mandiant that this intruder has typically sought valuable intellectual property, such as medical device and equipment development data. However, in this instance the data transferred was non-medical patient identification data related to the company’s physician practice operations and affected approximately 4.5M individuals who, in the last five years, were referred for or received services from physicians affiliated with the company. The company has confirmed that this data did not include patient credit card, medical or clinical information; the data is, however, considered protected under the Health Insurance Portability and Accountability Act because it includes patient names, addresses, birthdates, telephone numbers and social security numbers. The company does not believe this incident will have a material adverse effect on its business or financial results.

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