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Stock Market & Financial Investment News

News Breaks
March 25, 2013
08:05 EDTOCR, WCGOmnicare, WellCare partner to improve health outcomes in long-term care market
Omnicare (OCR) and WellCare Health Plans (WCG) announced an agreement to provide Medication Therapy Management services to WellCare beneficiaries residing in long-term care facilities to improve health outcomes. The Affordable Care Act requires prescription drug plan sponsors to offer MTM services to eligible beneficiaries that include, at a minimum, an annual Comprehensive Medication Review that must be furnished person-to-person or using telehealth technologies. The CMR must include a review of the beneficiary's medications, which may result in the creation of a medication action plan with a written or printed summary of the results of the review provided to the targeted beneficiary. Beginning January 1, the offer of the CMR to all eligible beneficiaries includes enrollees who are in the LTC setting.
News For OCR;WCG From The Last 14 Days
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August 18, 2014
10:01 EDTWCGOn The Fly: Analyst Downgrade Summary
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08:46 EDTWCGWellCare downgraded at Wedbush
As noted earlier, Wedbush downgraded WellCare to Neutral from Outperform. The firm no longer sees the company as a takeover candidate, and it thinks that the company will need at least 2-3 years to turn itself around. Target to $55 from $70.
07:22 EDTWCGWellCare downgraded to Neutral from Outperform at Wedbush
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August 14, 2014
16:11 EDTWCGWellCare expects to appoint Andrew Asher as CFO in November
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