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Stock Market & Financial Investment News

News Breaks
August 1, 2014
07:04 EDTLPNTWestCare Health System acquired by Duke LifePoint
The WestCare Health System Board of Trustees and Duke LifePoint Healthcare announced that the acquisition of WestCare by Duke LifePoint has been finalized. Under the terms of the acquisition agreement, which was reviewed by the Attorney General of North Carolina, Duke LifePoint purchased Harris Regional Hospital, Swain County Hospital, and WestCare Medical Park. Duke LifePoint will invest a minimum of $43M in capital improvements over the next eight years and provide new resources to help the system grow, recruit new physicians, enhance services and improve health care delivery throughout the region. WestCare’s hospitals now have access to Duke University Health System’s top-ranked patient safety, quality and education programs and LifePoint’s financial and operational resources and expertise. WestCare will be governed by a regional board of trustees comprised of members of WestCare’s communities, local physicians and representatives from Duke LifePoint. Duke LifePoint Healthcare, is a joint venture of Duke University Health System and LifePoint Hospitals.
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February 17, 2015
06:47 EDTLPNTJudge halts illegal immigrant amnesty plan, NY Times says
A federal judge ordered the Obama administration to stop implementing its plan to prevent up to 5M illegal immigrants from being deported, according to The New York Times. The judge, who ruled that the government had failed to adhere to certain administrative rules in carrying out the president's executive actions on immigration, ordered the programs halted until he makes a final decision on the case, the newspaper explained. A number of analysts have said that the amnesty plan will hurt hospitals, since illegal immigrants who are granted legal status by the orders will not be able to obtain health insurance but will become more likely to seek treatment from hospitals. Publicly traded companies in the space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).Reference Link

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