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Stock Market & Financial Investment News

News Breaks
August 5, 2014
13:25 EDTHCA, CYH, LPNT, THCTenet 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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December 18, 2014
12:06 EDTTHC, LPNT, HCA, CYHObamacare concerns seen creating good entry point for hospital stocks
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10:01 EDTTHCOn The Fly: Analyst Initiation Summary
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09:06 EDTHCA, CYH, THC, LPNTHospital stocks have reached nice entry point, says Sterne Agee
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06:42 EDTHCAHCA Holdings initiated with a Buy at Sterne Agee
Target $96.
06:42 EDTLPNTLifePoint initiated with a Buy at Sterne Agee
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06:41 EDTCYHCommunity Health initiated with a Buy at Sterne Agee
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06:41 EDTTHCTenet initiated with a Buy at Sterne Agee
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December 17, 2014
10:51 EDTCYH, HCA, THC, LPNTLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte provides outlook and favorite names for 2015 in the Hospitals and Managed Care Industry on an Analyst/Industry conference call to be held on December 18 at 1 pm.
December 16, 2014
15:01 EDTTHC, LPNT, CYH, HCAJudge says Obama's immigration orders unconstitutional, Politico says
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December 12, 2014
13:52 EDTTHC, CYH, HCA, LPNTLeerink healthcare services analyst holds an analyst/industry conference call
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December 11, 2014
08:00 EDTCYHCommunity Health to divest Newport, Arkansas hospital
Community Health Systems announced that subsidiaries of the company have executed a definitive agreement to sell substantially all of the assets of 133-bed Harris Hospital in Newport, Arkansas, along with related outpatient services, to White County Medical Center of Searcy, Arkansas. The divestiture is expected to close early in the first quarter of 2015, subject to customary regulatory approvals and closing conditions. The company does not expect the divestiture to have a meaningful impact on financial operations. Following the divestiture of Harris Hospital, Community Health Systems affiliates will continue to operate nine hospitals in Arkansas.
December 8, 2014
13:17 EDTHCAHCA Holdings agrees to repurchase 7.6M shares from Bain Capital
HCA Holdings disclosed before the open this morning that, on December 5, the company entered into an agreement to repurchase 7,612,921 shares of its common stock beneficially owned by affiliates of Bain Capital at a purchase price of $73.26 per share, the closing price of the company’s common stock on the New York Stock Exchange on December 5, less a discount of 1%. The share repurchase was made pursuant to the company’s existing $1B repurchase program adopted by the company’s board of directors in October. After giving effect to the Bain repurchase, a total of $917M of share repurchases will have been effectuated under the program, HCA stated.
08:22 EDTCYHCommunity Health management to meet with Deutsche Bank
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