Centene said it would buy Health Net for $6.3 billion in cash and stock.» Read More
July 3- Health insurer Aetna Inc said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. Antitrust authorities, who were aggressive in...
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Health Net Inc., up $6.51 to $71.57. The managed health care services company is being bought by Medicaid coverage provider Centene Corp. for about $6.3 billion.
NEW YORK— Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety ahead of an extended holiday weekend. Investors bought at the opening of trading after a Labor Department report on job creation suggested the economy was improving, though not so fast as to raise the specter of inflation and higher interest rates.
The deal announced Thursday gives St. Louis- based Centene a chance to expand in two hot growth areas for health insurers, the state- and federally-funded Medicaid program for the poor and people with disabilities; and the federally-supported Medicare Advantage program, which has seen its overall enrollment triple over the past decade. Centene said the Health...
NEW YORK, April 29- A major funds company is putting directors on notice: if you adopt poison pill anti-takeover measures without shareholder approval, you will be blacklisted. Since October, Dimensional Fund Advisors, the eighth largest U.S. mutual fund firm with $398 billion in assets, has been sending warning letters to companies whose stock it owns and who...
NEW YORK, March 30- UnitedHealth Group Inc's planned takeover of No. 4 U.S. pharmacy benefits provider Catamaran Corp will give the companies added heft in price talks with drug companies, serving as a catalyst for deals allowing other insurers to bulk up. The $12.8 billion deal comes at a time when Wall Street has been parsing the possibilities that top insurers...
California's Obamacare exchange gave UnitedHealth Group limited access to the state's individual insurance marketplace.
Starting Saturday, millions of Americans will begin to either re-enroll, or sign-up for the first time, for insurance plans at HealthCare.gov. Here's what investors need to know.
The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.
As Americans rush to sign up for Obamacare plans before the March 31 deadline, investors have turned bullish on health insurers.
Some of Monday's midday movers:
Humana shares surged more than 7 percent Monday after it said proposed health department rate cuts may be more benign than anticipated.
President Obama's administrative fix for health insurance cancellations seems simple enough. But for the insurance industry, it's anything but easy.
For the first time, White House officials identified a key flaw crippling Obamacare enrollment on the HealthCare.gov website.
As they navigate the Obamacare exchanges, health insurers are expressing cautious optimism about enrollment, despite the ongoing technology problems.
Months before Americans buy coverage under Obamacare, it's becoming clear that choices for millions of people will vary depending on where they live. The NYT reports.
Stocks finished near session highs Monday, with the S&P 500 setting a record close and the Nasdaq ending at its best level since November 2000, following a better-than-expected pending home sales report and after Italy's new prime minister named his cabinet over the weekend.
Shoot me now: Austerity is bad for your health. Really. Is it any wonder that growth stimulus is back on the table in Europe?
Take a look at some of Tuesday's midday movers:
Some of the names on the move ahead of the open.