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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:17 EDTHUM, WCG, MOH, MGLN, CNCMCO sell-off provides buying opportunity, says Leerink
Leerink believes Friday’s sell-off of Managed Care Organizations following WellCare's (WCG) substantial earnings miss provides a buying opportunity. The firm views WellCare's issues as company specific and believes other companies factored Florida Medicaid Managed Assistance pressures into their outlooks. Leerink also reiterates an Outperform rating on Wellcare, citing the company's turnaround and takeout potential. Managed Care names that sold off Friday include Centene (CNC), Molina Healthcare (MOH), Humana (HUM) and Magellan Health (MGLN).
News For WCG;CNC;MOH;HUM;MGLN From The Last 14 Days
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October 24, 2014
06:42 EDTMGLNMagellan Health expects to have solid profit growth in 2015
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06:42 EDTMGLNMagellan Health raises FY14 adjusted EPS to $3.21-3.72 from $2.67-$3.32
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06:39 EDTMGLNMagellan Health board authorizes new share repurchase program of up to $200M
Year-to-date through Tuesday, October 21, 2014, the company repurchased approximately 2.8 million shares for a total cost of $161.8M, at average price of $57.54, and has completed approximately $277.7M of the current $300M authorization. The board has authorized a new share repurchase program of up to $200M over a two year period until October 22, 2016.
06:39 EDTMGLNMagellan Health reports Q3 adjusted EPS $1.30, consensus 46c
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October 22, 2014
13:58 EDTHUMHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
October 21, 2014
09:03 EDTMGLNMagellan Health selects HMS unit for cost containment solutions
HMS, a wholly owned subsidiary of HMS Holdings (HMSY), announced that Magellan Health (MGLN) has selected HMS for cost containment solutions, including fraud, waste, and abuse detection and prevention across the company, as well as for insurance verification and subrogation services for Magellan Complete Care of Florida.
October 16, 2014
08:37 EDTWCGWellCare receives NCQA quality accreditation for Medicaid, Medicare plans in KY
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October 15, 2014
07:27 EDTMOHModern Healthcare to hold a virtual conference
Building Tomorrow's Delivery Model: Forging a Path to Value is being held on October 15 at 9:30 am. Webcast Link
October 13, 2014
07:39 EDTHUMPharmaceutical Care Management Association to hold annual meeting
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