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BCBS-NC Files For Rate Increases
Wednesday, August 25, 2010 - 10:40am | 344Deutsche 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...
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Amedisys Inc. Director Buys 10,000 Shares of AMED
Tuesday, August 24, 2010 - 4:18pm | 52In 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...
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Mad Money Lightning – Stocks According To Cramer (LVS, CRM, SAP, VOD, RLD, HBAN, WCRX)
Tuesday, August 24, 2010 - 6:56am | 190In Monday’s “Mad Money Lightning” round, Jim Cramer appeared bullish on some stocks and not so bullish on others. Cramer remained bullish on Las Vegas Sands (NYSE: LVS) and “likes” Express Scripts (NASDAQ: ESRX). While Rex Energy (NASDAQ: REXX) was a “better energy pick,” RealD (NYSE: RLD) was the...
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Expect Volatility if Home Sales on Low End 08-23-2010
Monday, August 23, 2010 - 7:08pm | 814Cusick’s Corner The market pulled back into the After Hours on no news or specific economic catalyst. Existing home sales come out tomorrow -- expectations are in a wide range from 3.9 to 5.3 million units (Bloomberg). While the market looks ready to accept the potential for sub-4 million in a...
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Wells Fargo Lowering Estimates On Alliance HealthCare Services (AIQ)
Monday, August 23, 2010 - 10:06am | 200Wells 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...
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Athenahealth Offers Stand-alone HER - Analyst Blog
Monday, August 23, 2010 - 8:21am | 628Leading 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...
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Merger Arbitrage Mondays – August 23, 2010
Monday, August 23, 2010 - 5:57am | 5005Total 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...
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A.M. Best Assigns WellPoint Ratings - Analyst Blog
Friday, August 20, 2010 - 10:40am | 498A.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...
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Gentiva Seals Odyssey Deal - Analyst Blog
Wednesday, August 18, 2010 - 1:41pm | 864Going 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...
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ResCare Inc. In Choppy Waters (RSCR)
Wednesday, August 18, 2010 - 11:25am | 109Goldfarb Branham LLP is investigating the recently proposed buyout of ResCare, Inc. (NASDAQ: RSCR) to Onex Corporation (TSE: OCX) to determine if it is “unfair” to shareholders. According to the plan, RSCR shareholders will receive $12.60 for every share. According to Goldfarb Branham LLP, RSCR...
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Transportation Stocks On The Rise (QLTY, PACR, RURL, GLNG, OSG)
Tuesday, August 17, 2010 - 2:34pm | 179The transportation sector stocks rose 2.36% on Tuesday following heavy gains by some companies. Quality Distribution Inc. (NASDAQ: QLTY) is up 8.4% at $5.68. Pacer International Inc. (NASDAQ: PACR) has risen 8.12% to $5.59. Rural/Metro Corporation (NASDAQ: RURL) is up 6.53% at $7.99. Golar LNG...
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Earnings Scorecard: WellPoint - Analyst Blog
Tuesday, August 17, 2010 - 11:46am | 1034Following 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...
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Bookkeeping: Adding Some Short Exposure to Replace Gentiva Health Services (GTIV)
Tuesday, August 17, 2010 - 11:40am | 863In 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...
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Medco to Acquire Research Firm - Analyst Blog
Tuesday, August 17, 2010 - 10:04am | 497Medco 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...
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Emergency Medical Stays Neutral - Analyst Blog
Monday, August 16, 2010 - 4:05pm | 454We recently reiterated our Neutral recommendation on Emergency Medical Services Corporation (EMS) with a target price of $51.0. The company functions through two operating subsidiaries – EmCare Holdings (EmCare), its outsourced hospital-based physician services segment, and American Medical...