The Dow and S&P 500 closed near the flatline Tuesday, while techs climbed to boost the Nasdaq to a fresh 12-year high, as investors remained cautious ahead of the Federal Reserve's policy statement.» Read More
WASHINGTON, Nov 27- The Obama administration says it is on target to make its problematic health insurance website work smoothly for the "vast majority" of users by this weekend, but some Americans who want coverage by Jan. 1 may not be able to get it- even if they successfully navigate the portal and sign up for a plan.
WASHINGTON, Nov 27- The Obama administration says it is on target to make its problematic healthcare insurance website work smoothly for the "vast majority" of users by this weekend, but some Americans who want coverage by Jan. 1 might not be able to get it- even if they successfully navigate the portal and sign up for a plan.
Nov 13- Health Management Associates Inc said on Wednesday its board backed its proposed takeover by Community Health Systems Inc after a review period spurred by activist investor Glenview Capital.
NEW YORK, Sept 25- Private equity firm GTCR LLC is exploring a potential sale of Capella Healthcare, a hospital operator that may be valued at a little less than $1 billion, two people familiar with the matter said on Wednesday.
Health Management said that Community Health, which offered $3.9 billion to buy the company back in July, had agreed to the hiring of advisers. Activist investor Glenview Capital Management took control of the Health Management board last month, throwing a wrench into the deal.
Glenview's ability to secure the votes needed to replace HMA's board throws a wrench in the hospital operator's plans to be acquired by larger hospital group Community Health Systems Inc..
*Earnings, excluding items, miss Wall Street estimate. Aug 6- Hospital operator Tenet Healthcare Corp, which is buying smaller rival Vanguard Health Systems Inc, reported a deeper second-quarter loss as it admitted fewer patients to its facilities, and the company cut its full-year outlook.
But in the hospital space, where gaining scale is crucial to survival, Community Health Systems is not letting Health Management Associates' legal woes hamper a buyout.
July 30- U.S. hospital chain Community Health Systems Inc said it reached a deal to buy smaller Health Management Associates Inc for $3.9 billion, but quickly faced opposition from major HMA investor Glenview Capital Management over the price.
Health Management has a strong presence in the U.S. The deal would give Health Management shareholders a 16 percent stake in the new company and an additional contingent value right worth up to $1 per share. Health Management shares fell 6.9 percent to $13.89 before the market opened, while Community Health rose 2.4 percent to $48.35.
July 30- Community Health Systems Inc, the No. 2 U.S. for-profit hospital operator, said on Tuesday it would buy smaller rival Health Management Associates Inc for $3.9 billion to strengthen its base as the country's healthcare system is overhauled under President Barack Obama.
July 30- Community Health Systems Inc, the second-largest for-profit U.S. hospital operator, said on Tuesday it would buy smaller rival Health Management Associates Inc for $3.9 billion to strengthen its base, as the country's healthcare system transforms under President Barack Obama's overhaul.
July 19- A warning from hospital operator Community Health Systems Inc of declining patient admissions and news that the U.S. government is stepping up a probe of how it handles Medicare patients will complicate efforts to buy rival Health Management Associates Inc, analysts said on Friday.
July 16- HCA Holdings Inc, the largest U.S. for-profit hospital operator, said on Tuesday that second-quarter patient admissions rose more than 1 percent, boosting revenue and profit and pushing up shares in the sector.
*FedEx rises 4 pct to highest close since mid-March. FedEx Corp climbed on speculation that billionaire William Ackman would make a big investment in the company. FedEx shot up 4.4 percent to $103.15, its highest close since mid-March.
NEW YORK, July 9- Health Management Associates Inc has attracted takeover interest from Community Health Systems Inc and other rivals about buying the $4 billion hospital operator, three people familiar with the matter said on Tuesday. Representatives for Health Management, HCA and LifePoint declined to comment.
Larry Robbins, Glenview Capital Management founder and CEO, explains why he's taking a "suggestion" directly to shareholders of Health Management Associates to replace eight board members.
Hedge Fund Glenview Capital wants a shake-up of the board of Health Management Associates, saying the health-care company has underperformed its competitors.
Snow Capital identified the potential in hospital shares early on and has holdings in Community Health Systems Inc and Health Management Associates Inc.. Since the start of the year, shares of the largest publicly traded hospital chain, HCA Holdings Inc, are up 34 percent, while No. 2 Community Health has climbed 71 percent.
Health Management Associates rallied hard in the first quarter, and the bulls came back to the hospital operator on Friday.