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News Breaks | | | | April 9, 2012 | | 10:42 EDT |  | MOH, AGP, CNC, WCG, UNH, AET | Medicaid pure-plays decline after losing Ohio Medicaid contracts
Ohio said on Friday that it had selected Aetna (AET) and United Healthcare (UNH) to provide service to Ohioans enrolled in Medicaid beginning on January 1, 2013. The state decided not to renew the contracts of Medicaid pure-plays Amerigroup (AGP), Centene (CNC), Molina Healthcare (MOH), and WellCare (WCG). In a note to investors today, Deutsche Bank wrote that Ohio's decision is disappointing for the pure-plays, especially given the large, mature and profitable nature of the Ohio Medicaid market. However, Deutsche believes that Ohio's decision will likely have the most negative impact on Molina, but be more manageable for the other three companies. The firm notes that Ohio was Molina's largest single health plan market in 2011 and accounted for nearly 22% of its premium revenue. Deutsche adds that Ohio accounted for 7% of the total 2011 enrollment of Centene and WellCare, and less than 3% of Amerigroup's Q4 enrollment. Centene said that it would "formally protest" the state's decision, while Molina stated in an SEC filing that it's "evaluating whether to pursue" an appeal. In mid-morning trading, Molina plunged 24.36% to $26.48, Amerigroup slid 4.63% to $64.33, Centene lost 13.25% to $44.08, and WellCare sank 6.32% to $69.55. | |
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News For MOH;AGP;CNC;WCG;UNH;AET From The Last 14 Days Check below for free stories on MOH;AGP;CNC;WCG;UNH;AET the last two weeks. |
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| June 17, 2013 | | 14:16 EDT |  | UNH | UnitedHealth downgraded to Hold from Buy at Standpoint Research
 Subscribe for More Information | | | 07:04 EDT | | MOH | Molina announces $158M sale, lease back transaction for corporate office
Subscribe for More Information | | | 06:42 EDT |  | WCG, AET, AGP, UNH, CNC, MOH | Choices provided by health insurance exchanges to vary widely, NY Times says
Subscribe for More Information | | | June 15, 2013 | | 15:26 EDT | | AET | Aetna leaving individual insurance market in California, WSJ says
As the federal health law is set to reshape the insurance market in 2014, Aetna will stop selling health insurance to individual consumers in California at the end of 2013, says the Wall Street Journal. Reference Link | | | June 14, 2013 | | 10:31 EDT |  | CNC | Centene to host investor day
Investor Day to be held in New York on June 17 at 8 am. Webcast Link | | | June 11, 2013 | | 17:02 EDT |  | AET | Aetna to reaffirm FY13 EPS view $5.70-$5.85, consensus $5.80
On June 11 and 12 , Mark T. Bertolini, Chairman, CEO and President of Aetna , and other members of Aetna management will meet with investors and analysts before and after a presentation Mr. Bertolini will provide at the Goldman Sachs 34th Annual Global HealthCare Conference in Los Angeles, California on June 12. "During these meetings and presentation, we expect to reaffirm our full-year 2013 operating earnings per share projection of $5.70-$5.85." | | | 09:16 EDT | | UNH | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. | | | 08:05 EDT | | UNH | UnitedHealth management to meet with Deutsche Bank
Subscribe for More Information | | | 07:31 EDT | | WCG, CNC | Goldman to host a conference
Subscribe for More Information | | | June 10, 2013 | | 18:58 EDT | | UNH | On The Fly: After Hours Movers
Subscribe for More Information | | | | 16:14 EDT | | UNH | CardioNet, UnitedHealthcare enter three-year agreement
Subscribe for More Information | | | 09:33 EDT | | UNH | UnitedHealth management to meet with Deutsche Bank
Meeting to be held in London on June 10 hosted by Deutsche Bank. | | | 08:39 EDT |  | UNH | UnitedHealth price target raised to $79 form $72 at Susquehanna
Susquehanna raised its price target on UnitedHealth based on its business mix and current comparable valuations. The firm believes the shares should be trading 14% above current levels after a sum-of-the-parts valuation. shares are Positive rated. | | | June 7, 2013 | | 13:30 EDT | | UNH | Questcor rises after UnitedHealth issues policy update for Acthar
Subscribe for More Information | | | June 5, 2013 | | 09:10 EDT | | UNH | UnitedHealth raises dividend 32% to 28c per share
UnitedHealth Group announced that its Board of Directors authorized payment of a cash dividend of 28c per share, to be paid on June 26, to all shareholders of record of UnitedHealth Group common stock as of the close of business on June 17. This represents a 32% increase over the quarterly dividend of 21.25c per share the company has paid beginning with the second quarter 2012. The company issued a second press release correcting the record date and date of payment. | | | 07:04 EDT | | UNH | UnitedHealth renews share repurchase program
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