It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.» Read More
Managed-care and hospital stocks should repeat 2012's performance in 2013 as Obamacare is enacted, says one fund manager.
NEW YORK-- A Raymond James analyst lowered his third-quarter estimates for three hospital operators on Tuesday, saying it looks like patient admissions will be lower than he expected.
DALLAS-- Tenet Healthcare Corp. said Tuesday that it completed its private offering of $500 million of its 4.75 percent senior secured notes due 2020 and $300 million of its 6.75 percent senior notes due 2020.. The Dallas- based hospital operator plans to use the proceeds to buy its 7.375 percent senior notes due 2013 through a tender offer.
Ahead of the presidential election, CNBC created the CNBC Obama Index and the CNBC Romney Index featuring companies that could be viewed as winners or losers depending on the outcome of the race.
Oct 11- Tenet Healthcare Corp:. *Barclays starts Tenet Healthcare Corp with equal weight rating. Reuters Station users, click. 1568.
Stocks that could fare better with a Republican in the White House have bounced in the past week, just as Mitt Romney has done in the polls.
Oct 9- Standard& Poor's Ratings Services today corrected an error by reinstating its' B+' issue-level rating and' 2' recovery rating on Tenet Healthcare Corp.' s. --2008 Corporate Criteria: Analytical Methodology, April 15, 2008. --2008 Corporate Criteria: Rating Each Issue, April 15, 2008.
In all, US $9.266 bn in US dollar volume priced from 18 issuers, with another roughly US $1 bn in volume anticipated for Friday. This week, Tenet Healthcare was able to achieve a record low yield- 6.75%- in seven-year maturities for its Triple C rated tranche, part of a US $800 m two-part offering, while Petco popped in on Thursday with a PIK toggle dividend offering.
Healthcare moving on debates. Governor Romney's performance last night has investors in certain healthcare sectors a bit nervous. Obamacare is perceived to be a positive for hospitals, slight negative for HMOs. Today, that trade is being reversed: hospital stocks are down, HMOs are up
The S&P 500 rose for a fourth session after a report suggested improvement in the labor market ahead of Friday's closely watched monthly payrolls report. The Nasdaq Composite Index gained 6.10 points, or 0.19 percent, to 3,141.40. **COLLABRX INC, $6.80, up 79.4 pct.
Oct 4- Shares of U.S. hospital operators fell after Republican nominee Mitt Romney's strong showing in Wednesday's U.S. presidential debate raised doubts about the future of President Obama' s healthcare reform. Hospital operators Tenet Healthcare Corp, HCA Holdings Inc, Healthsouth Corp and HCP Inc.
Oct 2- Fitch Ratings has assigned the following ratings for Tenet Healthcare Corp.' s. The ratings apply to approximately $4.9 billion of debt at June 30, 2012.
--U.S.-based Tenet Healthcare Corp. is proposing to issue $500 million senior secured notes due 2020 and $300 million of unsecured notes due 2020. The company will use the proceeds to repay existing debt and for other purposes including acquisitions.
Oct 1- Tenet Healthcare Corp unveiled plans to accelerate growth through acquisitions and moved to boost shareholder value with buybacks and a reverse stock split. Shares of the hospital operator rose as much as 8 percent to $6.74 in early trading on the New York Stock Exchange on Monday.
DALLAS-- Hospital operator Tenet Healthcare Corp. plans acquisitions, a new share repurchase program and a 4- to-1 reverse stock split to help speed up growth and improve the value of its stock for shareholders.
Oct 1- Tenet Healthcare Corp:. *Announces tender offer for 7.375% senior notes due 2013. *Says tender offer will expire on October 29, 2012.
Oct 1- Tenet Healthcare Corp:. *Moody's rates tenet's proposed sr. secured notes b1; sr. unsecured notes. *Rpt-moody's rates tenet's proposed sr. secured notes b1; sr. unsecured notes.
Stocks finished slightly lower Thursday but staged an impressive comeback in the last half-hour of trading following reports that Germany's Angela Merkel has canceled the EU summit's press conference tonight, giving hope to traders that the European leaders are working to form a solution to tackle the ongoing debt crisis.
Take a look at some of Thursday's midday movers:
The Supreme Court upheld President Obama's health care overhaul, including the controversial requirement that most Americans have health insurance.