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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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July 22, 2014
13:46 EDTCYHCourt upholds Obamacare subsidies, NY Times says
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12:16 EDTCYHU.S. to appeal ruling on health care insurance subsidies, Politico says
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July 16, 2014
10:51 EDTCYHHospitals advance after HCA preliminary results beat expectations
Shares of a number of hospital stocks are rising after one of the companies in the sector, HCA Holdings (HCA), preannounced stronger than expected second quarter results. WHAT'S NEW: HCA Holdings estimated that its Q2 EPS would come in at $1.07, versus analysts' consensus forecast of 92c. The hospital operator estimated that its Q2 revenue would be $9.23B, versus the consensus estimate of $8.86B. Moreover, HCA hiked its fiscal 2014 EPS guidance, excluding certain items, to $4.00-$4.25 from its prior view of $3.45-$3.75. The company added that its same facility admissions had risen 1.2% during Q2 versus the same period a year earlier, while same facility revenue per equivalent admission is expected to jump about 5.4%. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Gary Lieberman stated that it's possible that the Affordable Care Act was responsible for most of the amount by which the company's EPS beat the consensus outlook. As a result, he thinks that the company's full-year guidance appears "rather conservative." The analyst kept an Outperform rating on HCA shares. PRICE ACTION: In mid-morning trading, Community Health (CYH) surged 8% to $46, Tenet (THC) rallied 7.5% to $48.33, Universal Health (UHS) climbed 5% to $96.44, and LifePoint (LPNT) advanced 6% to $65.06, and HCA Holdings gained 7.8% to $59.50.
09:59 EDTCYHHCA Holdings guidance increase looks conservative, says Wells Fargo
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09:35 EDTCYHHospitals rally after HCA Holdings boosts outlook
After HCA Holdings (HCA) raised its outlook for the year, peers Community Health (CYH), Tenet (THC), Universal Health (UHS) and LifePoint Hospitals (LPNT) are strongly to the upside in early trading.
July 11, 2014
18:06 EDTCYHCommunity Health to acquire Natchez, Mississippi hospital
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