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Stock Market & Financial Investment News

News Breaks
April 6, 2012
09:07 EDTMOHMolina Healthcare of California selected for dual eligible project
Molina Healthcare announced that its wholly owned subsidiary, Molina Healthcare of California, has been selected by the California Department of Health Care Services to participate as an integrated health plan in California’s proposed demonstration project to provide healthcare services for beneficiaries who are eligible for both Medi-Cal and Medicare in San Diego County. In addition to San Diego County, Los Angeles County was also selected by DHCS for a dual-eligible demonstration project. MHC will participate in the Los Angeles County dual-eligible pilot program as a subcontracted health plan.
News For MOH From The Last 14 Days
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April 13, 2015
10:58 EDTMOHCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTMOHJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).

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