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Five Star Quality Care to Switch Stock Exchange Listing to the NYSE
Monday, January 31, 2011 - 7:33am | 76Five Star Quality Care, Inc. (NYSE: FVE) today announced that it will transfer its stock exchange listing from the NYSE Amex to the New York Stock Exchange . FVE's common stock has been authorized for listing on the NYSE, where it expects to begin trading on February 4, 2011, using the company's...
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Top 4 Mid-Cap Stocks In The Hospitals Industry With The Highest Revenue (CYH, THC, UHS, HMA)
Monday, January 31, 2011 - 4:12am | 128Below are the top mid-cap hospital stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Community Health Systems Inc (NYSE: CYH) is $12.67 billion. CYH's PEG ratio is 0.90. The trailing-twelve-month revenue at Tenet Healthcare Corporation (NYSE: THC) is $9.16...
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Kindred Healthcare Enters Oversold Territory - Tale of the Tape
Thursday, January 27, 2011 - 11:01am | 111Kindred Healthcare, Inc.'s (KND) share price has entered into oversold territory with a stochastic value of 18.28. The Zacks Consensus Estimate on the company's earnings for December 2010 increased by 4 cents over the past two months to $1.42 per share. Kindred Healthcare, Inc. is a Zacks #1 Rank...
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Kindred Healthcare Enters Oversold Territory - Tale of the Tape
Thursday, January 27, 2011 - 10:56am | 111Kindred Healthcare, Inc.'s (KND) share price has entered into oversold territory with a stochastic value of 18.28. The Zacks Consensus Estimate on the company's earnings for December 2010 increased by 4 cents over the past two months to $1.42 per share. Kindred Healthcare, Inc. is a Zacks #1 Rank...
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Tenet SignsAgreement with Keystone Mercy Health Plan
Thursday, January 27, 2011 - 9:25am | 60Tenet Healthcare Corporation (NYSE: THC) today announced that it has reached an agreement with Keystone Mercy Health Plan that covers Hahnemann University Hospital and St. Christopher's Hospital for Children in Philadelphia, PA. The agreement also covers physicians employed by subsidiaries of the...
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Top 4 Small-Cap Stocks In The Specialized Health Services Industry With The Lowest PEG Ratio (CNU, HWAY, PRSC, USPH)
Thursday, January 27, 2011 - 3:41am | 118Below are the top small-cap specialized health service stocks on the NYSE and the NASDAQ in terms of PEG ratio. Continucare Corp (NYSE: CNU) has a PEG ratio of 0.84. CNU's trailing-twelve-month ROE is 17.49%. Healthways Inc (NASDAQ: HWAY) has a PEG ratio of 1.01. HWAY's trailing-twelve-month...
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Deutsche Bank Reviews Acute Care Hospitals (THC, CYH, EMS, HMA, LPNT, UHS)
Wednesday, January 26, 2011 - 11:53am | 160Deutsche Bank is out with a research report today that evaluated acute care hospital companies including Tenet Healthcare (NYSE: THC), Community Health Systems (NYSE: CYH), Emergency Medical Services (NYSE: EMS), Health Management Associates (NYSE: HMA), LifePoint Hospitals (NASDAW: LPNT), and...
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Jefferies Reviews Healthcare Industry (AFAM, GTIV, HGR, IPCM, RDNT)
Monday, January 24, 2011 - 9:41am | 138Jefferies took a look at the healthcare industry in a research report published this morning. In the report, Jefferies states, "Healthcare service stocks will likely remain under pressure as concerns over utilization trends and Medicaid reimbursement risk build and as ST investors wait for Q4...
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Piper Jaffray Gives Color On NovaMed Acquisition
Monday, January 24, 2011 - 8:22am | 180NovaMed (NASDAQ: NOVA) announced on Friday that it had entered into a definitive greement with Surgery Partners, an affiliate of H.I.G. Capital, to be acquired for $13.25 per share. According to estimates, the transaction value equates to approximately 6.8x 2011 Adj. EBITDA estimate, which it...
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Piper Jaffray Upgrades NovaMed To Neutral
Monday, January 24, 2011 - 6:57am | 28Piper Jaffray has upgraded NovaMed, Inc. (NASDAQ: NOVA) from Underweight to Neutral and has raised the price target from $8.75 to $13.25.
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Piper Jaffray Ups NOVA To Neutral
Monday, January 24, 2011 - 6:51am | 41Analysts at Piper Jaffray upgrade NovaMed Inc (NASDAQ: NOVA) from “underweight” to “neutral.” NOVA shares gained 2.17% to close at $13.19 on Friday. More Analyst Ratings here
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Merger Arbitrage Mondays – January 24, 2011
Monday, January 24, 2011 - 5:29am | 5007Merger activity increased last week with five new deals announced and one deal closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 10 Total Number of Pending...
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The Law Office of Robbins Umeda Announces an Investigation of the Definitive Merger Agreement Between NovaMed Inc. and an affiliate of H.I.G. Capital LLC
Friday, January 21, 2011 - 3:44pm | 92Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of NovaMed Inc. (NASDAQ: NOVA) in connection with their efforts to sell the company to Surgery Center Holdings, Inc., an affiliate of H.I....
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Universal Health Service Announces $0.05 Dividend (UHS)
Wednesday, January 19, 2011 - 5:02pm | 38Universal Health Services (NYSE: UHS) announced today that its Board of Directors voted to pay a cash dividend of $0.05 per share on March 15, 2011 to shareholders of record as of March 1, 2011.
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Puts Purchased on Health Management Associates (HMA)
Wednesday, January 19, 2011 - 11:14am | 152Shares of Health Management Associates (NYSE: HMA) are lower on the session by 3.35%, currently trading at $9.23. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...