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Stock Market & Financial Investment News

News Breaks
May 27, 2014
10:30 EDTWCG, CNCWellCare may be in talks with Ascension Health, says Leerink
Leerink notes that according to Modern Healthcare, not-for-profit Hospital and Health system Ascension Health referred to being in talks on a possible deal with an unnamed 18-state health insurer. Leerink believes the unnamed insurer is most likely WellCare (WCG), which is in 18 states with Managed Medicaid and Medicare Advantage. The firm thinks Centene (CNC) is also a possibility. Leerink says it is more positive on shares of WellCare and Centene as it believes any deal could catalyze more Hospital-Health plan transactions. Shares of WellCare and Centene are moving higher in early trading.
News For WCG;CNC From The Last 14 Days
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April 17, 2015
08:04 EDTCNCCentene's Nurtur receives full URAC accreditation
Centene announced that Nurtur, its health and wellness subsidiary, received full Disease Management Accreditation from URAC, a Washington, DC-based healthcare accrediting organization that establishes quality standards for the healthcare industry.
April 13, 2015
10:58 EDTWCG, CNCCigna, Humana seen as potential takeover targets in Managed Care space
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07:33 EDTCNC, WCGJefferies sees low probability of WellCare, Centene buyouts
After running several acquisition scenarios for the Managed Care space, Jefferies says potential takeovers of WellCare (WCG) and Centene (CNC) are "hard to justify." The firm estimates acquirers will only be able to generate 1%-3% accretion from buying either company at a 20% premium to current share prices. The deal that makes the most financial sense is Aetna (AET) buying Cigna (CI), Jefferies says today in a note to investors. Also financially attractive would be a buyout of Humana (HUM) by either Anthem (ANTM) or Aetna, the firm adds. After analyzing the Managed Care space, it upgraded this morning shares of UnitedHealth (UNH) to Buy from Hold with a $141 price target. Jefferies also has Buy ratings on Aetna, Anthem, Health Net (HNT) and Molina Healthcare (MOH).
April 7, 2015
08:20 EDTWCGCowen expects managed care stocks to outperform following CMS release
Cowen expects managed care stocks to outperform today following the CMS release outlining better than expected Medicare Advantage rates for 2016. The firm also sees improved FFS growth rates, maintained coding intensity adjustment, and continued HRA payments. Publicly traded companies in the space include Aetna (AET), Cigna (CI), Health Net (HNT), Humana (HUM), and WellCare (WCG).
07:57 EDTWCGManaged care companies likely to rise on CMS news, says Oppenheimer
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07:41 EDTWCG2016 MA rates positive for first time in seven years, says Deutsche Bank
Deutsche Bank notes that for the first time since 2009, Medicare Advantage rates will be positive after the Centers for Medicare and Medicaid Services announced yesterday that final 2016 rates will rise by 1.25%, representing a 220 basis points favorable swing from the preliminary proposed cut of 0.95%. Deutsche says the positive surprise is "somewhat tempered" by the more cautious view on Medicare cost trends provided by the CMS actuaries in the final 2016 rate announcement. The firm expects Humana (HUM), Health Net (HNT) and UnitedHealth (UNH), Aetna (AET) and Anthem (ANTM) to experience Medicare Advantage rate increases.
07:39 EDTWCGSome managed care stocks could be pressured by CMS decision, says Stifel
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April 6, 2015
07:57 EDTWCG, CNCLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte discusses the leverage Anthem likely has in its Pharmacy Benefit Manager (PBM) contract with Express Scripts and how it changes after the Catamaran-Optum Rx deal, the synergy potential for the deal between Catamaran and Optum Rx and the likelihood of Cigna-HS remaining with the newly merged Optum Rx-CTRX on an Analyst/Industry conference call to be held on April 6 at 2 pm.

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