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UnitedHealth Lowers Advocacy Costs - Analyst Blog
Wednesday, December 22, 2010 - 4:33pm | 610In an effort to mould the legislation in its favor, health insurer UnitedHealth Group (UNH) has been reported to have spent $550,000 during the three months from July to September 2010. This amount is 46% lower than the $1.02 million spent on lobbying the federal government in the same period a...
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UnitedHealth Lowers Advocacy Costs - Analyst Blog
Wednesday, December 22, 2010 - 4:10pm | 610In an effort to mould the legislation in its favor, health insurer UnitedHealth Group (UNH) has been reported to have spent $550,000 during the three months from July to September 2010. This amount is 46% lower than the $1.02 million spent on lobbying the federal government in the same period a...
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Corcept Therapeutics Hormone Drug Meets Main Trial Goal (CORT)
Wednesday, December 22, 2010 - 8:07am | 599Corcept Therapeutics Incorporated (NASDAQ: CORT) is up over 60% today after announcing positive top-line results from its Phase 3 study of CORLUX for the treatment of Cushing's Syndrome. The study evaluated the response of two patient groups to CORLUX treatment: one included patients who were...
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Jefferies Maintains Humana Estimates
Wednesday, December 22, 2010 - 7:46am | 89Following Humana's (NYSE: HUM) acquisition of Concentra, management raised 2011 financial guidance by $0.10 to $5.45 to $5.65, Jefferies reports. “This is in line with the estimate we provided at the time of the deal announcement (note published Nov 23, 2010),” Jefferies writes. “However, we...
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Humana Inc. Completes Acquisition of Concentra Inc. for $790M
Tuesday, December 21, 2010 - 4:06pm | 39Humana Inc. (NYSE: HUM) today announced it has completed its previously announced acquisition of Concentra Inc., a privately held health care company based in Addison, Texas, for approximately $790 million in cash.
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Health Net Federal Services Awarded Department of Veterans Affairs Contract
Tuesday, December 21, 2010 - 8:34am | 98Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. (NYSE: HNT), today announced it has been awarded a contract by the New Mexico VA Health Care System (NMVHCS) to provide primary health care, preventive care and outpatient mental health services to...
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UnitedHealth Group Inc. - Growth & Income
Tuesday, December 21, 2010 - 2:03am | 507As more information about the impact of the health care overhaul unfolds, UnitedHealth Group Inc. (UNH) continues to deliver impressive results. The company recently reported a strong third quarter in which earnings per share beat the Zacks Consensus Estimate by 36%. The company has delivered an...
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UnitedHealth Group Inc. - Growth & Income
Tuesday, December 21, 2010 - 12:00am | 507As more information about the impact of the health care overhaul unfolds, UnitedHealth Group Inc. (UNH) continues to deliver impressive results. The company recently reported a strong third quarter in which earnings per share beat the Zacks Consensus Estimate by 36%. The company has delivered an...
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WellPoint Lobbies - Analyst Blog
Monday, December 20, 2010 - 5:03pm | 420WellPoint, Inc. (WLP) spent $1.1 million during the third quarter 2010 to lobby the federal government on issues tied to the recently passed health care reform bill. WellPoint spent an equal sum on lobbying during the second quarter of 2010, and a little less in the third quarter of 2009 as...
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WellPoint Lobbies - Analyst Blog
Monday, December 20, 2010 - 4:45pm | 420WellPoint, Inc. (WLP) spent $1.1 million during the third quarter 2010 to lobby the federal government on issues tied to the recently passed health care reform bill. WellPoint spent an equal sum on lobbying during the second quarter of 2010, and a little less in the third quarter of 2009 as...
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Merger Arbitrage Mondays – December 20, 2010
Monday, December 20, 2010 - 5:29am | 4823Merger activity increased last week with six new deals announced and five deals 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 2010 133 Total Number of Deals...
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Cigna: A Slow Mover That Rewards Patience
Friday, December 17, 2010 - 2:26pm | 134Insurer Cigna Corp. (NYSE: CI), first discussed here on May 28, 2009 at a price of $21.89, has moved out of a trough recorded this summer, and I obviously still like the shares at this juncture. Cigna should post a 1-3% revenue gain in 2011, after a likely double-digit increase in 2010. CI's...
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JP Morgan On Centene's 2011 Outlook
Thursday, December 16, 2010 - 8:50am | 122JP Morgan has published a research report on Centene Corp. (NYSE: CNC) after the company issued its 2011 outlook this morning. In the report, JP Morgan writes "This morning, CNC issued its 2011 outlook, the key metrics mostly in line, EPS at $2.00 to $2.10 compared with our $2.10 and consensus of $...
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Aetna Names New Head of National Accounts
Wednesday, December 15, 2010 - 2:00pm | 26Aetna (NYSE: AET) today announced it has named Michael J. Guyette as the new head of National Accounts.
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Benzinga's Political Roundup (HUM, UNH, MCO)
Tuesday, December 14, 2010 - 12:07pm | 147The U.S. has expanded their probe into the Allen Stanford case. The U.S. tax deal has cleared its first hurdle in Congress, despite the potential for a ratings downgrade from Moody's (NYSE: MCO). The World Trade Organization sided with the U.S. over China in a tire dispute. Yesterday, a Virginia...