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Stock Market & Financial Investment News

News Breaks
January 24, 2013
06:46 EDTTHCTenet Healthcare upgraded to Outperform from Market Perform at Raymond James
Raymond James upgraded Tenet due to improving growth drivers from Conifer and MPI, free cash flow trends, and healthcare reform benefits. Price target is $45.
News For THC From The Last 14 Days
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October 7, 2014
06:03 EDTTHCCMS readmission penalties increase in 2015, says Wells Fargo
Wells Fargo says CMS released the final 2015 IPPS payment penalties for hospital readmissions, with incremental earnings Impact of down 0.2% to down 1.9% at for-profit hospitals. The firm estimates Community Health Systems (CYH) and Tenet Health (THC) will see the largest incremental reimbursement reduction in 2015, equal to down 1.9% and down 1.4%, respectively. It notes 2015 is the third year of hospital readmission penalties with a maximum penalty of 3%, up from 2% in 2014 and 1% in 2013. Wells has Outperform ratings on Community Health and HCA Holdings (HCA), and Market Perform ratings on LifePoint Hospitals (LPNT), Tenet and Universal Health (UHS).

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