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Stock Market & Financial Investment News

News Breaks
January 8, 2014
07:01 EDTLPNTDuke LifePoint Healthcare to form JV with Wilson Medical Center
The Wilson Medical Center Board of Directors has taken the next step in becoming part of Duke LifePoint Healthcare. The organizations have signed a definitive agreement to form a joint venture. The proposed joint venture, which will provide Wilson Medical Center with resources to enhance its services and invest in its growth, is moving forward following a positive vote by the Wilson County Board of Commissioners. The agreement is under review by the Attorney General of North Carolina. Under the terms of the definitive agreement, Duke LifePoint would own 80% of the joint venture, while Wilson Medical Center and the community would have a 20% ownership stake. The joint venture would commit to $120M in capital investments at Wilson Medical Center over the next decade. As part of the definitive agreement, governance of Wilson Medical Center would be shared equally by Duke LifePoint and Wilson though the creation of a 10-member board with equal representation from both organizations.
News For LPNT From The Last 14 Days
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July 28, 2014
07:33 EDTLPNTLifePoint Hospitals price target raised to $80 from $73 at UBS
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07:32 EDTLPNTLifePoint Hospitals price target raised to $89 from $63 at RBC Capital
RBC Capital increased its price target on LifePoint after the company reported beat and raise results that the firm thinks were impressive. The firm, which believes that the beat and raise was largely driven by the ACA, is now more upbeat on the company's visibility and ability to benefit from the ACA. It keeps an Outperform rating on the stock.
July 25, 2014
07:06 EDTLPNTLifePoint Hospitals sees FY14 EPS $2.99-$3.19, consensus $2.71
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07:03 EDTLPNTLifePoint reports Q2 EPS from cont. ops. 84c, may not compare to consensus 55c
Reports Q2 revenues from continuing operations $1.05B, consensus $1.01B.
July 22, 2014
13:46 EDTLPNTCourt upholds Obamacare subsidies, NY Times says
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12:16 EDTLPNTU.S. to appeal ruling on health care insurance subsidies, Politico says
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July 16, 2014
10:51 EDTLPNTHospitals advance after HCA preliminary results beat expectations
Shares of a number of hospital stocks are rising after one of the companies in the sector, HCA Holdings (HCA), preannounced stronger than expected second quarter results. WHAT'S NEW: HCA Holdings estimated that its Q2 EPS would come in at $1.07, versus analysts' consensus forecast of 92c. The hospital operator estimated that its Q2 revenue would be $9.23B, versus the consensus estimate of $8.86B. Moreover, HCA hiked its fiscal 2014 EPS guidance, excluding certain items, to $4.00-$4.25 from its prior view of $3.45-$3.75. The company added that its same facility admissions had risen 1.2% during Q2 versus the same period a year earlier, while same facility revenue per equivalent admission is expected to jump about 5.4%. ANALYST REACTION: In a note to investors earlier today, Wells Fargo analyst Gary Lieberman stated that it's possible that the Affordable Care Act was responsible for most of the amount by which the company's EPS beat the consensus outlook. As a result, he thinks that the company's full-year guidance appears "rather conservative." The analyst kept an Outperform rating on HCA shares. PRICE ACTION: In mid-morning trading, Community Health (CYH) surged 8% to $46, Tenet (THC) rallied 7.5% to $48.33, Universal Health (UHS) climbed 5% to $96.44, and LifePoint (LPNT) advanced 6% to $65.06, and HCA Holdings gained 7.8% to $59.50.
09:59 EDTLPNTHCA Holdings guidance increase looks conservative, says Wells Fargo
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09:35 EDTLPNTHospitals rally after HCA Holdings boosts outlook
After HCA Holdings (HCA) raised its outlook for the year, peers Community Health (CYH), Tenet (THC), Universal Health (UHS) and LifePoint Hospitals (LPNT) are strongly to the upside in early trading.

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