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Stock Market & Financial Investment News

News Breaks
December 27, 2012
11:32 EDTHNT, THCHealth Net terminates agreements with six Tenet Healthcare hospitals
Health Net (HNT) announced that its subsidiaries exercised their contractual option to terminate agreements with all six of Tenet Healthcareís (THC) Southern California hospitals. The terminations were effective midnight on Dec. 21. Health Net and Tenet Healthcare were nearing the end of a three-year contract. Health Net said it believes Tenetís reimbursement should be in line with the medical consumer price index, which currently averages more than 3%, and that reimbursement for state- and federally funded programs like Medi-Cal needs to be consistent with the funding for those programs. In recent discussions for a new contract, Health Net and Tenet have been unsuccessful in reaching agreement on reimbursement amounts.
News For HNT;THC From The Last 14 Days
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August 26, 2014
08:30 EDTHNTHealth Net Federal Services receives URAC disease management reaccreditation
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August 25, 2014
10:54 EDTTHCHigh option volume stocks
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August 20, 2014
08:31 EDTHNTCognizant deal with Health Net has encouraging read through, says Cowen
Cowen noted Cognizant (CTSH) shareholders were concerned over its deal with Health Net (HNT) but noted management feels the deal is a true partnership. The firm feels management's positive comments are encouraging and address the execution and profitability concerns of shareholders. Shares of Cognizant are Outperform rated with a $50 price target.
August 19, 2014
08:32 EDTHNTHealth Net says CFO Joseph Capezza to retire
Health Net announced that James Woys has been named executive vice president, chief financial and operating officer, and interim treasurer, effective September 2. This is a new position. Woys has been executive vice president and COO since November 2007. Previously Woys served as acting CFO from November 2006 through October 2007. The company announced that Joseph C. Capezza, currently executive vice president, CFO and treasurer, will retire as CFO. He will have a consulting contract with the company through year end to assist with transition issues. Capezza has been Health Netís CFO since November 2007.
August 18, 2014
09:00 EDTHNTHealth Net fundamentals remain favorable, says Susquehanna
Susquehanna said Health Net (HNT) fundamentals remain favorable following meetings with management. The firm cited the company's conservative outlook and the benefit of its back office contract with Cognizant (CTSH) which positions the company well for sustainable earnings growth through 2016. Shares of Health Net remain Positive rated with a $55 price target on the shares.

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