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Stock Market & Financial Investment News

News Breaks
February 5, 2014
08:02 EDTCYHCommunity Health to acquire all assets of Sharon, Pennsylvania hospital
Community Health Systems announced that subsidiaries of the company have executed a definitive agreement to acquire substantially all of the assets of Sharon Regional Health System in Sharon, Pennsylvania. The announcement follows approximately nine months of discussions and due diligence between the parties. The health system includes a 251-bed acute care hospital, outpatient centers and affiliated physician practices. The transaction is subject to customary federal and state regulatory approvals, including review and approval by the Attorney General of the Commonwealth of Pennsylvania.
News For CYH From The Last 14 Days
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February 24, 2015
07:31 EDTCYHRBC Capital to hold a conference
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February 23, 2015
19:40 EDTCYHLeerink healthcare services analyst holds an analyst/industry conference call
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February 19, 2015
16:39 EDTCYHCommunity Health sees FY15 revenue $19.6B-$20.6B, consensus $20.5B
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16:26 EDTCYHCommunity Health reports Q4 EPS $1.12, consensus $1.19
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February 17, 2015
06:47 EDTCYHJudge halts illegal immigrant amnesty plan, NY Times says
A federal judge ordered the Obama administration to stop implementing its plan to prevent up to 5M illegal immigrants from being deported, according to The New York Times. The judge, who ruled that the government had failed to adhere to certain administrative rules in carrying out the president's executive actions on immigration, ordered the programs halted until he makes a final decision on the case, the newspaper explained. A number of analysts have said that the amnesty plan will hurt hospitals, since illegal immigrants who are granted legal status by the orders will not be able to obtain health insurance but will become more likely to seek treatment from hospitals. Publicly traded companies in the space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).Reference Link

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