Katrina enabled Ochsner Baptist to hit the "reset button," said Ochsner Health System CEO Warner Thomas.» Read More
BOSTON, Oct 2- U.S. hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month. Since then, hedge funds have had only one down year, when they lost 5.25 percent in 2011, data from Hedge Fund Research show.
MONTREAL _ Theratechnologies Inc. on Thursday reported fiscal third-quarter net income of $924,000, after reporting a loss in the same period a year earlier. The Montreal- based company said it had profit of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
Sept 21- Surgical center manager Surgery Partners Inc's initial public offering was priced at $23- $26 per share, valuing the company at up to $1.25 billion. Surgery Partners' competitors include Surgical Care Affiliates Inc, AmSurg Corp and United Surgical Partners International, which recently struck a merger deal with Tenet Healthcare Corp..
Aug 5- Hospital operator HCA Holdings Inc, the largest U.S. for-profit hospital operator, suggested benefits from the Affordable Care Act would taper off over the rest of the year, a warning that weighed on the stocks of hospital operators. LifePoint Health Inc closed down about 4 percent, Tenet Healthcare about 4.3 percent, Community Health Systems about 4...
Aug 3- Hospital operator Tenet Healthcare Corp on Monday raised its full-year forecast for earnings excluding special items as it treated fewer uninsured patients due to an expansion of the Medicaid program for the poor under the Affordable Care Act. Dallas- based Tenet said it now expects 2015 EBITDA, excluding items, in a range of $2.225 billion to $2.325...
*Tyson Foods falls after profit forecast cut. Aug 3- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.
July 24- Anthem Inc's decision to buy Cigna Corp, forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its proposed $54 billion purchase of Cigna on Friday, just weeks after Aetna Inc said it would buy rival Humana Inc for $37 billion.
Amid a big era for consolidation in the health insurance sector, will the M&A wave spur more deals?
The "Fast Money" traders give their final trades of the day.
Some of the names on the move ahead of the open.
Shares of hospital-related stocks surged Thursday after the Supreme Court ruled that federal subsidies are legal under the Affordable Care Act.
U.S. stocks closed lower, failing to hold initial gains, as lack of resolution between Greece and its creditors weighed on investor sentiment.
NEW YORK, June 25- The U.S. hospital and health insurance industries breathed a collective sigh of relief on Thursday after the U.S. Supreme Court upheld subsidies for individuals under President Barack Obama's signature healthcare law. Health economists have estimated $15 billion to $22 billion in healthcare spending was at risk with the decision.
*UnitedHealth biggest boost to the Dow; Eli Lilly to S&P. UnitedHealth Group jumped as much as 2.5 percent to $122.13 and was the biggest boost to the Dow. Among hospital operators, shares of Community Health Systems were up 12.6 percent at $62.28 after touching a record high of $63.36, while shares of HCA Holdings rose 8.6 percent to $90.55 and Tenet Healthcare...
NEW YORK, June 25- The U.S. hospital industry breathed a collective sigh of relief on Thursday after the U.S. Supreme Court upheld subsidies for individuals under President Barack Obama's signature healthcare law. Among hospitals, shares of Community Health Systems were up 12.8 percent at $62.33, while shares of HCA Holdings rose 8.7 percent to $90.61 and Tenet...
The Supreme Court's Obamacare decision is a big win for corporate welfare and Wall Street.
"After more than 50 votes in Congress to repeal or weaken this law, after a presidential election based in part on preserving or repealing this law, after multiple challenges to this law before the Supreme Court, the Affordable Care Act is here to stay," Obama said in the White House Rose Garden. Chief Justice John Roberts, a conservative appointed by Republican...
The Supreme Court upheld the use of federal financial aid for more than 6 million people enrolled in health insurance through HealthCare.gov.
Here's why the Supreme Court ruling is great news for hospitals and medical equipment companies.
NEW YORK, June 25- U.S. hospital shares surged, with several hitting all-time highs, and other healthcare names rallied on Thursday after the U.S. Supreme Court upheld tax subsidies key to President Barack Obama's signature healthcare law. Among hospitals, shares of Community Health Systems were up 9.3 percent at $60.44 after earlier touching a record high of...