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Stock Market & Financial Investment News

News Breaks
January 28, 2013
08:33 EDTHNTHealth Net awarded Medi-Cal dental contracts in California
The California Department of Health Care Services has awarded Health Net of California, a subsidiary of Health Net, five-year contracts to continue providing Medi-Cal managed care dental benefits in Los Angeles and Sacramento counties. Health Net began providing services under the Sacramento contract on January 1 and is scheduled to begin providing services under the Los Angeles contract by July 1, subject to the parties agreeing to final terms and conditions.
News For HNT From The Last 14 Days
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April 13, 2015
10:58 EDTHNTCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTHNTJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).

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