Jefferies Provides Color on Health Care Facilities

Jefferies provided color on the health care facilities sector. In a research report published today, Jefferies stressed it believes the sector's stock will remain volatile as uncertainties remain over the cuts in Medicare and Medicaid. In the report, Jefferies states, “We expect the healthcare services sector to remain highly volatile this week as investors pare stock positions and reduce risk in front of a debt ceiling bill that will likely include Medicare and Medicaid cuts. We recommend stocks like IPCM, MD and AMSG that appear less exposed to these deficit reduction deliberations.” On Friday, IPC The Hospitalist Company IPCM added 0.12% to its value to finish the week at $49.77. At the same time, Mednax MD lost 0.5% of its value to finish the week at $72.23, while AmSurg AMSG rose 1.28% to end the day on Friday at $26.54.