Jefferies & Co.'s Health Care Update

Jefferies & Company published a health care update today as 47% of their covered companies guidance was maintained or in line with the street. Jefferies & Co. think management teams are taking a more cautious and realistic approach because of "2010's soft utilization trends, HC reform and possible changes post-election, reign in expectations enabling upward revisions as 2011 progresses." Healthsouth HLS was also mentioned in the update because of their implementation targets. Jefferies & Co. writes, "In 2011, initial targets are for implementation at 2-3 sites and then 20 per year beginning in 2012, with a 5-year timeline for completion. HLS has targeted ~$100MM ($1MM per hospital) in technology spend for the rollout." HLS closed yesterday at $18.67.