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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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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.

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