Health Net subsidiary receives full URAC reaccreditation Health Net Federal Services, a wholly owned subsidiary of Health Net, announced it has been awarded full reaccreditation under the Health Network standards from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. Health Netís URAC reaccreditation is effective July 2, 2014 to July 2, 2016.
Health 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.