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Stock Market & Financial Investment News

News Breaks
January 23, 2014
05:13 EDTHNTHealth Net, CMS, DHCS complete dual eligible contract for Los Angeles, San Diego
Health Net announced that its wholly owned subsidiary, Health Net Community Solutions, has entered into a contract with the Centers for Medicare & Medicaid Services, or CMS, and the California Department of Health Care Services, or DHCS, for the dual-eligible demonstration in Los Angeles and San Diego counties. Under the terms of the contract, Health Net will provide managed care services in both Los Angeles and San Diego counties under the duals demonstration portion of California’s Coordinated Care Initiative, known as Cal MediConnect. The company expects to begin implementation of its Cal MediConnect coverage in both counties no earlier than April 1. The demonstration is expected to improve care coordination and health outcomes for those who are eligible for both Medi-Cal and Medicare.
News For HNT From The Last 14 Days
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October 24, 2014
10:03 EDTHNTOn The Fly: Analyst Downgrade Summary
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07:00 EDTHNTHealth Net downgraded to Sell from Buy at Citigroup
Citigroup downgraded Health Net two notches to Sell from Buy citing the stock's 60% year-to-date rally and its belief that 2015 consensus estimates are too high. Citi thinks the company's dual enrollment in California is tracking well short of projections. It raised its price target for shares to $42 from $35.

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