Health Care Facilities
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April 29- LifePoint Hospitals Inc:. *UBS raises to buy from neutral; target price to $52 from $48. Reuters Station users, click. 1568.
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April 29- LifePoint Hospitals Inc:. *RBC raises target price to $55 from $52; rating outperform. Reuters Station users, click. 1568.
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The rise of "superbugs," and pressure from the government and insurers, is driving hospitals to try all sorts of new approaches to stop their spread.
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The Rawson-Neal Psychiatric Hospital was warned it was in violation of Medicare rules governing the discharge of patients and could lose critical funding under the federal healthcare insurance program if it failed to correct the problem.
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SAN FRANCISCO, April 26- Federal authorities have taken disciplinary action against a Las Vegas hospital cited for improperly sending newly released psychiatric patients by bus to neighboring California and other states in a practice called "patient dumping."
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The Centers for Medicare and Medicaid Services said the proposed rule also clarifies admission and medical review criteria for hospital inpatient services. "There is no real bad news here," said CRT Capital Group analyst Sheryl Skolnick. "
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NEW YORK, April 26- Ambulatory Services of America Inc, a U.S. operator of healthcare facilities controlled by private equity firm Lindsay Goldberg LLC, has appointed Morgan Stanley to explore a sale, three people familiar with the matter said this week.
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Affin Investment Bank Research raised its target price for hospital operator KPJ Healthcare Bhd to 6.55 ringgit from 6.44 ringgit, saying the company was growing its medical tourism segment and preparing to open two new hospitals. KPJ will soon be operating 23 hospitals in Malaysia, for which it may need up to 1 billion ringgit to purchase assets.
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WASHINGTON, April 25- Small, not-for-profit hospitals remained on shaky financial footing at the beginning of the year, with Moody's Investors Service on Thursday saying it had downgraded more hospitals than it upgraded in the first quarter. The rating agency downgraded six hospitals, five of which had less than $500 million in revenues.
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In the U.S. volumes at hospitals, in-patient and out-patient are soft, "said David Heupel, senior healthcare analyst at Thrivent Investment Management.
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In addition to superbugs' deadly human toll, associated health costs run into the billions. Some warn that we may never win our war against them as research tapers off.
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A new study that estimates hospitals can expect to see a 25 percent growth in revenues from Medicaid money.
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NEW YORK, March 21- Walk-in clinics are popping up in shopping malls and main streets across the United States and private equity is helping fund the expansion. The number of such clinics in the United States climbed almost 20 percent to 9,400 in the last four years, according to the Urgent Care Association of America.
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A baby girl in Mississippi who was born with HIV has been cured after very early treatment with standard HIV drugs, U.S. researchers reported on Sunday.
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Feb 26- Tenet Healthcare Corp on Tuesday reported a fourth-quarter profit versus a year-ago loss as outpatient hospital visits increased and said it sees health reform next year will have a positive impact on earnings. "We see a lot of upside in our markets," Tenet Chief Executive Trevor Fetter said on a conference call.
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*Q4 profit of 45 cents/ shr vs year-ago loss of 70 cents/ shr. Feb 26- Tenet Healthcare Corp on Tuesday reported a profit for the fourth quarter versus a year-earlier loss as outpatient visits to its hospitals rose.
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*Q4 EPS 92 cents ex legal costs tops view 82 cents. Feb 5- HCA Holdings Inc, the largest U.S. for-profit hospital operator, on Tuesday reported lower quarterly net earnings due to costs to settle legal claims, but revenues were boosted as more patients sought treatment during a severe flu season.
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*Q4 EPS 92 cents ex legal costs tops view 82 cents. Feb 5- HCA Holdings Inc, the largest U.S. for-profit hospital operator, reported lower quarterly net earnings due to costs to settle legal claims, but its revenue got a boost from treating more patients in a severe flu season.
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*Q4 EPS 92 cents ex legal costs tops view 82 cents. Net income fell to $314 million, or 68 cents per share, from $1.94 billion, or $4.25 a share, a year earlier, when one-time gains from facilities sales and an investment boosted earnings. Excluding legal expenses in the latest quarter, Nashville, Tennessee- based HCA reported earnings of 92 cents per share.
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*Q4 EPS of 92 cents excluding legal costs tops analysts' 82 cents view. Net income fell to $314 million, or 68 cents per share, compared with $1.94 billion, or $4.25 a share, a year earlier, when one-time gains from facilities sales and an investment boosted earnings.