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Morning Market Movers
Tuesday, May 24, 2011 - 8:48am | 131Sify Technologies Limited (NASDAQ: SIFY) shares advanced 30.25% to $5.77 at 9:45 am. SIFY announced their partnership with Deutsche Telekom International Carrier Sales & Solutions to deliver IP and virtual private network services globally. Orsus Xelent Technolgies Inc (AMEX: ORS) shares...
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Bank Of America Reports Solid 1Q11 Results On Tenet Healthcare
Tuesday, May 24, 2011 - 8:09am | 233According to Bank of America, Tenet Healthcare (NYSE: THC) 1Q11 results were solid, with improving volumes and margins. Bank of America said that it is bullish on hospitals who should see a decent spread between hospital pricing (driven by commercial) and their underlying cost trend. “...
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PHC and Acadia Healthcare Announce Signing of Definitive Merger Agreement
Tuesday, May 24, 2011 - 7:49am | 175PHC, Inc., d/b/a Pioneer Behavioral Health (NYSE: PHC), and Acadia Healthcare Company, Inc. today announced the signing of a definitive merger agreement. Upon the completion of the merger, Acadia stockholders will own approximately 77.5% of the combined company, and PHC stockholders will own...
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Credit Suisse Reinstates Coverage On MOS, THC, CYH
Tuesday, May 24, 2011 - 7:14am | 53Credit Suisse has reinstated coverage on the following companies: Mosaic Company (NYSE: MOS) Outperform, $85 PT Tenet Healthcare Corporation (NYSE: THC) Outperform, $7.50 PT Community Health Systems (NYSE: CYH) Outperform, $35 PT
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Credit Suisse Reinstates Coverage on CYH, THC, MOS and SAP
Tuesday, May 24, 2011 - 5:36am | 528In a research report published today, Credit Suisse reinstated coverage on a number of stocks. Community Health Systems (NYSE: CYH) was reinstated with an Outperform and a target price of $35. In the report, Credit Suisse states, "We are reinstating coverage on shares of Community Health Systems...
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Bank of America Reinstates Tenet Healthcare At Neutral, $6.75 PO
Tuesday, May 24, 2011 - 5:30am | 49Bank of America has established a Neutral rating on Tenet Healthcare (NYSE: THC) from a No Rating after a failed hostile bid from Community Health Systems (NYSE: CYH) and maintains its $6.75 price objective.
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Top 4 Small-Cap Stocks In The Specialized Health Services Industry With The Highest Operating Margin
Tuesday, May 24, 2011 - 12:00am | 132Below are the top small-cap specialized health services stocks on the NYSE, the NASDAQ and the AMEX in terms of operating margin. The trailing-twelve-month operating margin at American Shared Hospital Services (AMEX: AMS) is 17.81%. AMS' ROE for the same period is 3.52%. The trailing-twelve-month...
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Deutsche Bank Comments On Universal Health Services Site Visit
Monday, May 23, 2011 - 8:08am | 109According to Deutsche Bank, Universal Health Services (NYSE: UHS) most recent citywide mkt share data stood at 39% (HCA next at 26%), but it believes it can keep climbing since UHS' mkt position is bolstered by very strong local mgmt, well‐situated facility locations, ample MOB space to attract...
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HearUSA Announces Notice From NYSE Amex; Company No Longer Complies with Listing Standards
Thursday, May 19, 2011 - 3:32pm | 121HearUSA, Inc. (NYSE: EAR) announced that on May 17, 2011 the Company received a written notice from NYSE Amex LLC indicating that the Company no longer complies with the Exchange's continued listing standards as a result of the Company's filing of a voluntary petition under Chapter 11 of the US...
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Oppenheimer Has Perform Rating On Community Health Systems
Thursday, May 19, 2011 - 6:50am | 111Oppenheimer & Co. has a Perform rating on shares of Community Health Systems, Inc. (NYSE: CYH). In a note to investors, Oppenheimer writes, "Community issued an 8-K noting that it has received a subpoena from the SEC requesting documents related to the various inquiries. Community also noted...
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LifeCare Holdings to Acquire HealthSouth Corporation's Long Term Acute Care Hospitals for $120M
Wednesday, May 18, 2011 - 7:44am | 109LifeCare Holdings, Inc. has entered into a definitive agreement to acquire all of HealthSouth Corporation's (NYSE: HLS) long term acute care hospitals, totaling 414 licensed beds in five states. The facilities are located in Sarasota, FL; the Louisiana communities of Farmerville, Homer, and Ruston...
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HealthSouth Corporation Agrees to Sell its Six Long-Term Acute Care Hospitals for Approximately $120 Million
Wednesday, May 18, 2011 - 7:33am | 117HealthSouth Corporation (NYSE: HLS) today announced it has entered into a definitive agreement to sell its six long-term acute care hospitals to LifeCare Holdings, Inc. for approximately $120 million. The transaction is expected to be completed in the third quarter of 2011 and is subject to...
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The Ensign Group Acquires Utah Home Health and Hospice Company
Monday, May 16, 2011 - 4:14pm | 163The Ensign Group, Inc. (NASDAQ: ENSG) announced that an Ensign subsidiary has acquired Symbii Home Health and Hospice, a well-regarded home health and hospice agency based in Sandy, Utah, with branch offices in the cities of Layton and Orem, Utah. The acquisition was effective as of May 15, 2011...
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HearUSA, Inc. Prepares for Sale of Assets to an Affiliate of William Demant Holdings
Monday, May 16, 2011 - 12:06pm | 260HearUSA, Inc. (NYSE: EAR) today announced that it has executed an agreement to sell substantially all of its assets to an affiliate of William Demant Holdings A/S,. The sale will be facilitated with court assistance under chapter 11 of the US Bankruptcy Code pursuant to a voluntary petition filed...
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UPDATE: Morgan Keegan Raises PT on RadNet to $5.15 (RDNT)
Monday, May 16, 2011 - 8:31am | 92Morgan Keegan is out with its report today on RadNet (NASDAQ: RDNT), raising its PT from $4.30 to $5.15. In a note to clients, Morgan Keegan writes, "We are modestly lowering our 2011 adjusted EBITDA estimate for RadNet from $118 million to $115 million and our 2012 estimate from $126 million to $...