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CIGNA Incurs Higher Advocacy Costs - Analyst Blog
Friday, November 26, 2010 - 12:52pm | 529In an effort to reshape regulation, health insurer CIGNA Inc. (CI) is reported to have spent $300,000 in the third quarter of 2010, up 15% from $260,000 in the prior-year quarter. The spending was, however, down 25% from $400,000 in the previous quarter. Philadelphia-based managed care company...
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Humana to Buy Concentra - Analyst Blog
Tuesday, November 23, 2010 - 2:12pm | 750Amidst the concerns regarding funding cuts and the impact of the U.S. health care reform, Humana Inc. (HUM) has agreed to acquire Concentra, Inc. for $790 million in cash, to diversify and expand its footprint into medical services nationwide. Concentra is a private health care company based in...
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Humana to Buy Concentra - Analyst Blog
Tuesday, November 23, 2010 - 8:47am | 750Amidst the concerns regarding funding cuts and the impact of the U.S. health care reform, Humana Inc. (HUM) has agreed to acquire Concentra, Inc. for $790 million in cash, to diversify and expand its footprint into medical services nationwide. Concentra is a private health care company based in...
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Deutsche Bank On Managed Care
Tuesday, November 23, 2010 - 8:09am | 291Deutsche Bank has issued a report on Managed Care and it's aftermath of the final MLR regulations. In the report, Deutsche Bank writes "Following many months of market anticipation, HHS has now formally certified the minimum MLR model regulation that was proposed by the NAIC. HHS accepted virtually...
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Expiration Friday 11-19-2010
Monday, November 22, 2010 - 8:45pm | 793Cusick's Corner Options expiration often drives trading volume on the exchanges, but not today. Volatility has also cooled off, the VIX is down over 3%. All eyes have been on Ireland this week -- its four year debt reduction plan is expected to be unveiled next week. There has been a lot of...
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Solid Growth to Continue - Earnings Trends
Monday, November 22, 2010 - 6:00pm | 4956Key Points: 3Q Earnings season almost done, 484 or 96.8% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92% and a 3.73 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 347 positive...
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Options Brief: HealthSpring, Inc. (HS)
Monday, November 22, 2010 - 2:11pm | 87Shares of HealthSpring, Inc. (NYSE: HS) are lower on the session by 2.08%, trading at $27.32. Overall put volume is now running at 5.95x the daily average, with 43% of all puts traded being purchases on the offer. 2,010 contracts have traded on the session so far. HealthSpring, Inc. is a managed...
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Afternoon Market Update (UAL, LUV, DAL, JBLU, SNDK, HUM)
Monday, November 22, 2010 - 1:03pm | 224US airline stocks dropped along with wider equity market. Shares of United Continental Holdings (NYSE: UAL) and Southwest Airlines Co (NYSE: LUV) traded slightly up. However, Delta Air Lines (NYSE: DAL) and JetBlue Airways Corp (NASDAQ: JBLU) traded slightly lower. The NYSE Arca Airline Index (XAL...
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Humana to Acquire Concentra for $790M
Monday, November 22, 2010 - 10:02am | 57Humana Inc. (NYSE: HUM) today announced it has signed a definitive agreement to purchase Concentra Inc. for approximately $790 million in cash. Through its affiliated clinicians, Concentra delivers occupational medicine, urgent care, physical therapy and wellness services to workers and the...
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Humana to Acquire Concentra for $790M
Monday, November 22, 2010 - 10:02am | 57Humana Inc. (NYSE: HUM) today announced it has signed a definitive agreement to purchase Concentra Inc. for approximately $790 million in cash. Through its affiliated clinicians, Concentra delivers occupational medicine, urgent care, physical therapy and wellness services to workers and the...
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J.P Morgan: CMS Stops HealthNet's Marketing/Enrollments
Monday, November 22, 2010 - 8:38am | 187CMS issued a sanction against Health Net (NYSE: HNT) for violations, these apparently pertaining to improper administration of the Medicare drug benefit for both stand-alone Part D and MA- PD. Two other plans, UAM and Arcadian, were also sanctioned, though they can still market/enroll through 12/5...
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Jefferies Has Notes On United Health (UNH)
Monday, November 22, 2010 - 7:57am | 147Jefferies & Co. has some notes on UnitedHealth Group Inc. (NYSE: UNH), which it has a Hold rating and a $40 price target on. In a note sent to investors, Jefferies writes, "We believe the consensus has moved toward an expectation of both federal and state taxes as well as regulatory fees to be...
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Solid Growth to Continue - Earnings Trends
Sunday, November 21, 2010 - 8:00pm | 4956Key Points: 3Q Earnings season almost done, 484 or 96.8% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92% and a 3.73 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 347 positive...
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Earnings Scorecard: Coventry - Analyst Blog
Friday, November 19, 2010 - 5:30pm | 856Following the release of third-quarter results on November 5, 2010, the majority of the analysts covering Coventry Health Care Inc. (CVH) have moved their estimates upward over the last 30 days for the fourth quarter of 2010, the first quarter of 2011 and the fiscal 2010 and 2011. Earnings...
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Humana Earnings to Drop in 2011 - Analyst Blog
Friday, November 19, 2010 - 3:00pm | 439On the expectation of the rise in doctor visits and medical procedures, Humana Inc. (HUM) lowered its 2011 earnings forecast to $5.35-$5.55 per share, down from the 2010 expectation of $6.40-$6.50. During the third-quarter, Humana increased its 2010 earnings outlook to $6.40 - $6.50 per share,...