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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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October 31, 2014
09:37 EDTMOHMolina Healthcare upgraded to Outperform from Market Perform at Leerink
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09:26 EDTMOHMolina Healthcare weakness creates buying opportunity, says Sterne Agee
After Molina cut its guidance, Sterne Agee thinks the reduction was due primarily to one-time issues. The firm expects the issues to be resolved.
October 30, 2014
16:30 EDTMOHMolina Healthcare says FY14 EPS may fall short of low end of prior guidance
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16:30 EDTMOHMolina Healthcare reports Q3 adjusted EPS 83c, may not compare to consensus 42c
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October 29, 2014
08:20 EDTCNCCentene price target raised to $112 from $105 at Susquehanna
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October 28, 2014
10:29 EDTCNCCentene management to meet with Oppenheimer
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06:19 EDTCNCCentene backs FY14 EPS view of $4.35-$4.50, consensus $3.83
Sees FY14 Premium and Service Revenues $15.3B-$15.8B.
06:16 EDTCNCCentene reports Q3 EPS $1.34, consensus 96c
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October 27, 2014
07:28 EDTHUMMedical Group Management Association to hold a conference
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06:14 EDTCNCCentene subsidiary recommended for contract award by Louisiana DHH
Centene announced that its wholly-owned Louisiana subsidiary, Louisiana Healthcare Connections, has been recommended for a contract award by the Louisiana Department of Health and Hospitals, or DHH, to serve its Bayou Health, or Medicaid, beneficiaries. A contract is contingent upon successful negotiations with DHH and approval by the Division of Administration and by the Centers for Medicare and Medicaid Services, or CMS, Regional Office. The new Bayou Health contract is expected to commence in early 1Q15. Under the new contract, Louisiana Healthcare Connections expects to serve 320,000-350,000 Medicaid beneficiaries on an at-risk basis via a network of 10,500 primary care providers and specialists. This expansion will more than double annual revenues for Louisiana Healthcare Connections.
October 26, 2014
12:49 EDTCNCCentene announces new claims processing facility
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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.

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