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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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November 21, 2014
06:46 EDTLPNTObama to prevent deportation of millions of illegal immigrants, Reuters says
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November 20, 2014
10:18 EDTLPNTHospitals would be hurt by immigrant amnesty, Leerink Swann says
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08:00 EDTLPNTObama amnesty poses 'material' risk to hospitals, says Leerink
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November 18, 2014
07:21 EDTLPNTUBS to hold a field trip
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November 13, 2014
07:30 EDTLPNTCredit Suisse to hold a conference
Healthcare Conference is being held in Scottsdale, Arizona on November 10-13 with webcasted company presentations to begin on November 13 at 11 am; not all company presentations may be webcasted. Webcast Link
November 12, 2014
12:11 EDTLPNTWells Fargo sees headwinds for hospitals, downgrades HCA, Community Health
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09:01 EDTLPNTNurses expected to protest, strike over Ebola protection, Reuters says
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05:32 EDTLPNTHospital sector downgraded to Market Weight at Wells Fargo
Wells Fargo downgraded the Hospital group to Market Weight from Overweight saying the Supreme Court's decision to hear the King v. Burwell case as well as the government's reduced expectations for exchange enrollment in 2015 are likely to remain an overhang on the sector through at least the end of June. Along with the group cut, Wells downgraded shares of HCA Holdings (HCA) and Community Health (CYH) to Market Perform from Outperform. The firm keeps Market Perform ratings on Acadia (ACHC), LifePoint Hospitals (LPNT), Tenet (THC) and Universal Health (UHS).
November 11, 2014
08:15 EDTLPNTUniversal Health recent pullback a buying opportunity, says Leerink
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