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Stock Market & Financial Investment News

News Breaks
February 24, 2014
06:21 EDTDVADaVita could be weak on Medicare Advantage rates, says Piper Jaffray
Piper Jaffray believes shares of DaVita could be weak today following the release of Medicare's Advance Notice for 2015 Medicare Advantage rates, which it says was worse than expected. Piper notes Preliminary 2015 MA rates were down 7.8% versus expectations for a 6%-7% cut. The firm thinks final rates could improve and recommends buying shares of DaVita on any weakness. Piper maintains an Overweight rating on the stock with a $73 price target.
News For DVA From The Last 14 Days
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October 22, 2014
20:03 EDTDVADaVita Kidney Care finalizes DOJ Settlement
DaVita Kidney Care, a division of DaVita HealthCare Partners announced it has finalized its comprehensive settlement with the U.S. Department of Justice, or DOJ, and certain other federal agencies regarding allegations of improperly structured joint ventures with certain physician partners. As announced in February, DaVita Kidney Care will be subject to a Corporate Integrity Agreement and an independent monitor to oversee certain future joint ventures. The agreement also includes a repayment to the government and a provision requiring executive certification of quarterly and annual compliance reports.
06:42 EDTDVADaVita to acquire CSHP
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October 15, 2014
11:02 EDTDVAWashington Trust provides $4.84M in financing for Connecticut building
Washington Trust's Commercial Real Estate Group recently provided $4.84M to Newtown Medical Office I to finance the construction of a two-story suburban medical office building in Newtown, Connecticut. The building will feature 25,806 square-feet of rentable space. More than 9,400 square-feet of the building is leased to national dialysis treatment providers, DaVita, a division of DaVita HealthCare Partners (DVA). The Washington Trust Company is a subsidiary of Washington Trust Bancorp (WASH).

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