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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:17 EDTMOH, MGLN, CNC, HUM, WCGMCO 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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August 20, 2015
08:03 EDTCNCCentene subsidiary wins statewide foster care contract
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August 19, 2015
10:06 EDTMGLNMagellan says Iowa contracts generated six month sales of $261.9M
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August 18, 2015
07:57 EDTMGLN, WCGMagellan Iowa loss largely priced into shares, says Jefferies
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07:57 EDTMGLNMagellan says Iowa contracts generated six month sales of $261.9M
Magellan Health said last night that it provides behavioral healthcare management and other related services pursuant to contracts with the State of Iowa. The company currently has two contracts: the Iowa Medicaid Contract and Iowa Medicaid Integrated Health Home Provider Agreement. On February 16, the Iowa Department of Human Services released the Iowa High Quality Healthcare Initiative Request for Proposal. The agency originally stated that it intended to contract on a statewide basis with two to four successful bidders with a demonstrated capacity to coordinate care and provide quality outcomes for the Medicaid and Children's Health Insurance Program populations. The program will enroll the majority of the Iowa Medicaid and CHIP populations and will also provide services for individuals qualifying for Iowa Department of Public Health funded substance abuse services. The anticipated start of the contract is January 1, 2016. Magellan was notified yesterday that it was not selected as a winning bidder by the Agency for the Iowa High Quality Healthcare Initiative Request for Proposal, it disclosed in the regulatory filing. The company's existing contracts in Iowa are expected to terminate December 31, 2015 to coincide with the start date of the new initiative. Such contracts generated net revenues of $261.9M for the six months ended June 30, it stated.
August 17, 2015
16:12 EDTMGLN, WCGMagellan drops after Iowa picks four others for Medicaid
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15:56 EDTWCGWellCare up 4.5% after being awarded Iowa healthcare contract
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15:55 EDTWCGWellCare, Amerigroup, UnitedHealth, AmeriHealth awarded Iowa healthcare contract
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15:38 EDTMGLNRumor: Magellan Health weakness attributed to a contract loss
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