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Stock Market & Financial Investment News

News Breaks
February 19, 2013
09:11 EDTHUM, WCG, UNH, CI, WLP, AET, MOH, DVAHumana falls after CMS proposes 2014 MA rates, peers follow
Humana (HUM) disclosed today that on Friday, February 15, the Centers for Medicare and Medicaid Services announced preliminary 2014 Medicare Advantage benchmark payment rates. CMS has invited public comment on these preliminary rates before releasing final rates on April 1. Humana believes the preliminary base rates included in the CMS notice would result in a mid-single-digit decline in its benchmark payment rates. Humana said it is analyzing all operational avenues available to address the preliminary rates and related impact upon the company's ability to grow both its Medicare membership and its earnings for 2014. Humana noted its management previously expressed confidence in the company’s ability to grow both Medicare membership and earnings for 2014, based upon expectations that the base Medicare Advantage payment rate would be flat to slightly down. Shares of Humana (HUM) are down 10%, or $8.00, to $69.99 in pre-market trading. Other healthcare names are trading lower after the CMS proposed 2014 Medicare Advantage rates, including WellCare (WCG), UnitedHealth (UNH), Cigna (CI), Wellpoint (WLP), Aetna (AET), Molina (MOH), and DaVita (DVA).
News For HUM;WCG;UNH;CI;WLP;AET;MOH;DVA From The Last 14 Days
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October 29, 2014
15:41 EDTCINotable companies reporting before tomorrow's open
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06:04 EDTWLPWellPoint sees medical membership in FY14 to be 37.2M-37.3M
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06:03 EDTWLPWellPoint reports medical enrollment up 0.7% or 259K to 37.5M as of September 30
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06:02 EDTWLPWellPoint sees FY14 EPS excl. items $8.75-$8.85, consensus $8.72
Sees FY14 revenue $73.25B-$73.5B, consensus $73.5B
06:01 EDTWLPWellPoint reports Q3 adjusted EPS $2.36, consensus $2.27
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October 28, 2014
15:44 EDTWLPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.
08:49 EDTWLPWellPoint volatility elevated into Q3 and outlook
WellPoint October weekly call option implied volatility is at 63, November is at 30, December is at 26, January is at 25; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
07:38 EDTUNHOptum to acquire Alere Health in $600M cash transaction
Optum, part of UnitedHealth, and Alere announced that Optum has entered into a definitive agreement to acquire Alere Health and its subsidiaries, which provide condition management, case management, wellbeing, wellness and women’s and children’s health services to more than 200 regional and local health plans, 89 Fortune 500 employers and 29 states. Alere Health’s services are offered to more than 22 million people across the U.S. The $600M cash transaction is subject to customary regulatory approval and other closing conditions. Such conditions for Alere include consent of the required lenders under Alere’s senior secured credit facility. The transaction does not require the approval of Alere’s shareholders. Covington Associates is serving as financial advisor and Foley Hoag LLP is serving as legal advisor to Alere.
06:05 EDTAETAetna reports Q3 Health Care business revenue $14B
The 14% increase is due primarily to membership growth in both of Aetna's Government and Commercial businesses, as well as the effects of pricing actions designed to recover the fees and taxes mandated by health care reform. Reports Q3 Group Insurance revenue $621.4M; Reports Q3 Large Case Pensions revenue $86.3M
06:04 EDTAETAetna reports Q3 medical membership totaled 23.6M at September 30, 2014
Sequentially, third-quarter 2014 medical membership increased by 470,000 due to growth in Aetna's Commercial ASC and Government products. Aetna's third-quarter 2014 Commercial MBR increased over the prior year's MBR primarily as a result of medical cost performance in the smaller middle-market business, costs associated with new hepatitis C treatments, and performance in the individual business, which reflects the impact of programs mandated by health care reform in 2014. This result was partially offset by higher premiums driven in part by pricing actions designed to recover the fees and taxes mandated by health care reform. In the third quarter of 2014, we experienced favorable development of prior-period health care cost estimates in each of our core products, primarily attributable to second quarter 2014 performance.
06:03 EDTAETAetna projects Coventry integratoin earnings accretion of 60c per share
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06:03 EDTAETAetna raises FY14 operating EPS to $6.60-$6.70 from $6.45-$6.60, consensus $6.59
06:02 EDTAETAetna reports Q3 operating EPS $1.79, consensus $1.58
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October 27, 2014
15:36 EDTAETNotable companies reporting before tomorrow's open
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07:28 EDTUNH, HUMMedical Group Management Association to hold a conference
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October 23, 2014
13:40 EDTAETWal-Mart's Sam's Club offering services to small businesses
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October 22, 2014
20:03 EDTDVADaVita Kidney Care finalizes DOJ Settlement
DaVita Kidney Care, a division of DaVita HealthCare Partners announced it has finalized its comprehensive settlement with the U.S. Department of Justice, or DOJ, and certain other federal agencies regarding allegations of improperly structured joint ventures with certain physician partners. As announced in February, DaVita Kidney Care will be subject to a Corporate Integrity Agreement and an independent monitor to oversee certain future joint ventures. The agreement also includes a repayment to the government and a provision requiring executive certification of quarterly and annual compliance reports.
13:58 EDTHUMHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
06:42 EDTDVADaVita to acquire CSHP
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October 20, 2014
13:01 EDTWLPWellPoint renews agremeent with Healthways to continue SilverSneakers program
SilverSneakers Fitness program will continue to be available to most members of WellPoint’s (WLP) affiliated Medicare Advantage plans as a result of its renewed agreement with Healthways (HWAY), which administers the popular program. SilverSneakers offers fitness programs geared toward older adults, including strength training and aerobic and flexibility exercises. The program offers WellPoint affiliated Medicare Advantage members full memberships at participating fitness facilities nationwide at no extra cost.
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