Health Care Services

Momenta Pharmaceuticals Inc (NASDAQ: MNTA) shares moved up 4.15% to $16.33 at 12:25 pm. The volume of MNTA shares traded was 306% higher than normal. US District Judge Emmet Sullivan had denied the issuance of a preliminary injunction, after Sanofi requested to block the generic version of Lovenox...

Analysts at RBS initiate coverage of Fresenius Medical Care AG & Co (NYSE: FMS) with a "buy" rating. FMS’ shares rose 2.25% to close at $57.76 yesterday. More Analyst Ratings here

Deutsche Bank has issued an industry alert report on the Managed Care sector rate filings published by Blue Cross Blue Shield of North Carolina (BCBS-NC). This report was submitted by BCBS-NC to the NC Department of Insurance for plan effective January 1, 2011, when some of the initial health care...

In a Form 4 filed after the bell today, Amedisys Inc. (NASDAQ: AMED) Director, Don Washburn, reported that he purchased 10,000 shares of AMED on August 24th for an average price of $23.39. The transaction totaled $233,860. Mr. Washburn owns 34,168 direct shares of AMED. Source: The Washington...

Wells Fargo Securities is lowering its earnings estimates on Alliance HealthCare Services, Inc.(NYSE: AIQ) after the company reported earnings. It has a $5-7 price target on shares. In the research report, Wells Fargo writes, "On Thursday, August 19, we hosted investor meetings for Alliance...

Leading medical billing and records software provider Athenahealth Inc (ATHN) has announced that from now on it will offer its web-based "athenaClinicals" electronic health record (EHR) service on a stand-alone basis to hospitals and community physicians.   Previously, the customers were required...

Total Number of Deals Closed in 2010 56 Total Number of Deals That Did Not Complete in 2010 2 Total Number of Pending Deals Cash Deals 48 Stock Deals 11 Stock & Cash Deals 12 Deals with Special Conditions 00 Total Number of Pending Deals 71 Merger activity continued to...

A.M. Best Co. assigned its debt rating to the senior unsecured notes due 2020 and 2040, which were recently issued by WellPoint Inc. (WLP), keeping the outlook "stable". The existing ratings of WellPoint and its subsidiaries were unchanged. WellPoint completed the sale of its $1 billion senior...

Going ahead with its scheduled program, Gentiva Health Services Inc. (GTIV) completed the acquisition of Odyssey HealthCare Inc. (ODSY) on Tuesday for about $1.0 billion. This constituted an all cash transaction of about 370.4 million for Odyssey’s common stock at $27 per share. Gentiva reached a...

Following the release of second quarter results on July 28, 2010, the majority of analysts covering WellPoint Inc. (WLP) made upward revisions to their fourth-quarter and 2010 annual estimates. However, third-quarter of 2010 and 2011 annual estimates witnessed more of a downward trend among...

In trying to adapt to the new world order where HFT + EFT = GLEE (high frequency trading + dominance of EFTs = happiness for us all*) I want to try to avoid the bipolar action when I can.  Especially on the short side since my shorts are far more technically oriented, whereas my longs are...

Medco Health Solutions (MHS), a leading health pharmacy benefit management (PBM) company in the US, entered into an agreement to acquire privately-held United BioSource Corporation for $730 million. The transaction, subject to regulatory approvals, is expected to close during the third quarter of...