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Calls Purchased on RehabCare Group, Inc. (RHB)
Thursday, October 14, 2010 - 2:22pm | 142Shares of RehabCare Group, Inc. (NYSE: RHB) are higher on the session by 1.24%, currently trading at $21.24. The stock has been moving largely lower over the past six months, though recently bounced off of the $15.88 and has managed to regain the 50-day moving average. Options traders are buying...
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Today's Latest Downgrades (RSCR, TCAP, LNN, NXTM, APOL, STI)
Thursday, October 14, 2010 - 11:05am | 139Hilliard Lyons Davenport downgraded Res-Care (NASDAQ: RSCR) to Underperform and Triangle Capital (NASDAQ: TCAP) to Neutral Wedbush Rodman & Renshaw dowgraded Lindsay Capital (NYSE: LNN) to Neutral and Nxstage Medical (NASDAQ: NXTM) to Market Underperform. Apollo Group (NASDAQ: APOL) was...
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IPC The Hospitalist Company Acquires Two New Practices
Thursday, October 14, 2010 - 8:36am | 90IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) announced today that it has acquired Post-Acute Medical Associates, PC, (PAMA) based in Morristown, New Jersey; and Muhammad Syed, MD, PC, in Las Vegas, Nevada. On a combined basis, the two groups have an annualized volume of approximately 20,000...
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PDI Announces Renewal of Service Agreement Valued up to $12M
Thursday, October 14, 2010 - 7:59am | 72PDI, Inc. (Nasdaq: PDII)today announced that its seasonal sales services agreement with a top-10 pharmaceutical company has been renewed for an additional season. That company will continue to utilize PDI's Shared Sales team beginning in October 2010 through March 2011 to reach pediatric and...
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Tuesday's Put/Call Ratio Leaders (SNI, VIA.B, OCR, DLR, MNTA)
Tuesday, October 12, 2010 - 1:46pm | 85Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Scripps Networks Interactive (NYSE: SNI) 4,536 puts, 1 call 2. Viacom Inc. (NYSE: VIA.B) 4,858 puts, 60 calls 3. Omincare Inc. (NYSE: OCR) 2,962 puts, 115 calls 4. Digital Realty...
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Puts Purchased on Omnicare, Inc. (OCR)
Tuesday, October 12, 2010 - 12:40pm | 139Shares of Omnicare, Inc. (NYSE: OCR) are lower on the session by 0.62%, currently trading at $22.60. The stock has been moving largely lower over the past six months in a technical downtrend. OCR hit the technical sell point a few days ago. Options traders are buying puts on the name today. A short...
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Piper Jaffray Downs DVA To Underweight
Tuesday, October 12, 2010 - 6:17am | 48Analysts at Piper Jaffray downgrade DaVita Inc (NYSE: DVA) from "neutral" to "underweight." The target price for DVA is set to $64. DVA shares fell 0.29% to close at $71.93 yesterday. More Analyst Ratings here
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Lincare Holdings, Inc. Seeks New Business Opportunities, Deutsche Bank Reports
Monday, October 11, 2010 - 9:00am | 143Deutsche Bank has uncovered one of the three to four business units Lincare Holdings, Inc. (NasdaqGS: LNCR) is in the process of developing. The unit, mdINR, operates as an independent diagnostic testing facility in the fast-growth coagulation testing market. “We highlight mdINR in this note as a...
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Merger Arbitrage Mondays – October 11, 2010
Monday, October 11, 2010 - 1:59am | 4830Merger Activity remained steady this week with six new deals announced and four deals closing. Deal Statistics: Total Number of Deals Closed in 2010 85 Total Number of Deals That Did Not Complete in 2010 5 Total Number of Pending Deals Cash Deals 52 Stock Deals 12 Stock & Cash Deals...
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DaVita Refinancing Coming Along Well
Thursday, October 7, 2010 - 9:25am | 166DaVita's (NYSE: DVA) refinancing efforts are shaping up well according to a Deutsche Bank report. Based on what Deutsche Bank currently knows: DVA priced a $1.55 bln 2-tranche Sr. Note offering at rates slightly better than the Notes it is redeeming; the offering was upsized $100M; Also, DVA has...
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DaVita Refinancing Coming Along Well
Thursday, October 7, 2010 - 9:24am | 166DaVita's (NYSE: DVA) refinancing efforts are shaping up well according to a Deutsche Bank report. Based on what Deutsche Bank currently knows: DVA priced a $1.55 bln 2-tranche Sr. Note offering at rates slightly better than the Notes it is redeeming; the offering was upsized $100M; Also, DVA has...
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Call Buyers Looking for Upside in BP plc (NYSE:BP)
Thursday, October 7, 2010 - 7:12am | 1660BP plc (NYSE:BP) shares are pointed higher today as the price of crude gains momentum. One strike that caught my eye as I was looking at the stock's option chain yesterday was the April 55 call. More than 13,000 contracts had changed hands on this option by lunchtime. Prior to Wednesday, open...
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Morgan Stanley Assumes Coverage of Athenahealth
Wednesday, October 6, 2010 - 9:37am | 117Morgan Stanley is assuming coverage of Athenhealth (NASDAQ: ATHN) with an Under-weight rating. With ATHN shares trading at over a 50% premium to its HCIT peer group, Morgan Stanley views the risk-reward as less attractive than other names in our healthcare services coverage. ATHN's premium...
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IPC The Hospitalist Company Acquires Missouri Practice (ICPM)
Wednesday, October 6, 2010 - 8:36am | 70IPC The Hospitalist Company, Inc. (Nasdaq: IPCM) announced today that it has acquired Premier Hospitalists, Inc., headquartered in St. Louis, Missouri. The practice represents an annualized volume of approximately 20,000 patient encounters. The Premier physicians will join the existing IPC...
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Express Scripts Completes Spinoff
Tuesday, October 5, 2010 - 4:35pm | 67Express Scripts (Nasdaq: ESRX) has completed the spinoff of its Rx Outreach business unit to create a new independent, nonprofit charitable organization with the mission of improving access to prescription medicines for low-income, uninsured Americans and working families. Michael Holmes, former...