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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 Californiaís 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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August 26, 2014
08:30 EDTHNTHealth Net Federal Services receives URAC disease management reaccreditation
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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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