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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:06 EDTDVA, FMSMedicare urged by auditor to recalculate dialysis payments
An updated report released by the Health and Human Services Departmentís Inspector General recommended that the Centers for Medicare & Medicaid Services redetermine the basis of the end stage renal disease, or ESRD, base rate to reflect current trends in drug acquisition costs, as required by law; distinguish payments in the ESRD base rate between independent and hospital-based dialysis facilities; and consider updating the ESRD payment bundle using a factor that takes into account drug acquisition costs. "CMS did not explicitly state whether it concurred with our first recommendation, did not concur with our second recommendation, and concurred with our third recommendation," the report stated. DaVita (DVA) and Fresenius Medical (FMS) are publicly-traded companies that operate dialysis centers. Reference Link
News For DVA;FMS From The Last 14 Days
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July 27, 2014
15:12 EDTFMS Hospira in talks to acquire Danone medical nutrition business, FT says
French consumer company Danone (DANOY) has been in negotiations to sell its medical nutrition business to Hospira (HSP) in a deal said to value the unit at $5B, says the Financial Times. The deal would also allow for U.S. based Hospira to domicile its tax base in Europe in a tax strategy known as an inversion, added the Financial Times. In prior reports, Nestle (NSRGY) and Fresenius (FMS) have also been mentioned as suitors for the Danone unit. Reference Link
July 21, 2014
10:02 EDTDVAOn The Fly: Analyst Downgrade Summary
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05:43 EDTDVADaVita downgraded to Market Perform from Outperform at Raymond James
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July 18, 2014
16:05 EDTDVADaVita says CEO of HealthCare Partners subsidiary to step down
DaVita HealthCare Partners announced that HealthCare Partners, or HCP, president and CEO Dr. Craig Samitt is stepping down from HCP effective August 1. Kent Thiry, co-chairman and CEO of DaVita HealthCare Partners, will take over the role of CEO of HCP, working in tandem with the office of Chief Medical Officer.
July 17, 2014
07:00 EDTDVA, FMSFresenius Medical shares should be bought, says Bernstein
Bernstein notes that Fresenius' (FMS) stock has sharply underperformed versus its competitor, DaVita (DVA), since May 2012. But the firm predicts that Fresenius' core U.S. business should outperform that of DaVita going forward. Bernstein adds that it finds Fresenius' business units aside from its U.S. dialysis clinics more attractive than DaVita's businesses other than its U.S. dialysis clinics.

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