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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:51 EDTTHCTenet out-year growth remains compelling, says RW Baird
Baird believes the out year growth for Tenet remains compelling citing conservative reform assumptions, Vanguard's assets are tethered well to MDCD expansion, and any surprises on the ACA rollout will lead to positive sentiment to the hospital sector. Shares remain Outperform rated but price target lowered to $53 from $58.
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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