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News Breaks
August 5, 2014
13:25 EDTTHC, CYH, HCA, LPNTTenet advances after reporting beat and raise results
Shares of hospital chain Tenet (THC) are climbing after the company reported stronger than expected second quarter results and raised its guidance. WHAT'S NEW: Tenet reported Q2 earnings per share from continuing operations of 17c, versus analysts' consensus estimate of 1c. The company's revenue was slightly higher than expected. Tenet raised its 2014 earnings before interest taxes depreciation and amortization guidance to $1.85B-$1.95B from $1.8B-$1.9B. The company's same-hospital pro forma admissions rose 2.8% versus the same period a year earlier. "Our success at capturing incremental market share through strategic investments, service line expansion, and successfully positioning Tenet's hospitals to benefit from key aspects of the Affordable Care Act all contributed to a great quarter," said Tenet CEO Trevor Fetter. ANALYST REACTION: In a note to investors today, Mizuho analyst Ann Hynes wrote that the company's newly raised EBITDA guidance is likely conservative, as its earnings could be boosted by health reform, integration of companies it previously acquired and growth in its outpatient and healthcare services business. She raised her price target on the shares to $64 from $59 and kept a Buy rating on the stock. PRICE ACTION: In mid-afternoon trading, Tenet climbed 4.5% to $56. Other hospital operators also advanced, with Community Health (CYH) gaining 1% to $48, HCA Holdings (HCA) rising 2% to $67, and LifePoint Hospitals (LPNT) gaining 2% to $72.
News For THC;CYH;HCA;LPNT From The Last 14 Days
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October 30, 2014
09:13 EDTTHCTenet Healthcare November volatility elevated into Q3 and outlook
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October 29, 2014
08:56 EDTHCAHCA Holdings price target raised to $86 from $77 at UBS
UBS raised its price target on HCA Holdings to $86 from $77 following Q3 results. The firm believes the company's estimates could prove to be conservative given its strong EBITDA growth this year and also sees health care reform helping as more people sign up for exchanges and more states decide to expand Medicaid. UBS reiterates its Buy rating on HCA shares.
October 28, 2014
08:30 EDTHCAHCA Holdings raises FY14 adjusted EPS view to $4.40-$4.60 from $4.00-$4.25
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08:29 EDTHCAHCA Holdings acquires CareNow, terms not disclosed
HCA announced the signing of an agreement to acquire CareNow. CareNow will become a division inside of HCA, which comprises 11 hospitals, more than 50 ambulatory sites, more than 5K active physicians and 12K employees. Terms of the agreement were not disclosed. HCA expects to complete the transaction in Q4.
08:28 EDTHCAHCA Holdings board authorizes $1B share repurchase program
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08:28 EDTHCAHCA Holdings reports Q3 EPS $1.16, consensus $1.05
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October 27, 2014
15:36 EDTHCANotable companies reporting before tomorrow's open
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07:23 EDTHCA, LPNTAmerican College of Surgeons holds a conference
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October 24, 2014
10:51 EDTTHC, HCA, LPNT, CYHLeerink healthcare analysts hold an analyst/industry conference call
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07:12 EDTLPNTLifePoint Hospitals expects continued momentum through Q4
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07:12 EDTLPNTLifePoint Hospitals sees FY14 EPS $3.26-$3.39, consensus $3.09
Sees FY14 revenue $4.45B-$4.50B, consensus $4.30B.
07:11 EDTLPNTLifePoint Hospitals reports Q3 EPS from cont. ops. 59c, consensus 74c
Reports Q3 revenue $1.17B, consensus $1.09B.
October 23, 2014
15:39 EDTLPNTNotable companies reporting before tomorrow's open
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October 20, 2014
07:15 EDTHCAAmerican Academy of Child & Adolescent Psychiatry to hold annual meeting
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