Want to know what's giving health stocks confidence in profit forecasts? Like it or not, it's the Affordable Care Act, aka Obamacare.» Read More
KING OF PRUSSIA, Pa. _ Universal Health Services Inc. on Thursday reported fourth-quarter net income of $172.8 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.51 per share. Universal Health Services expects full-year earnings in the range of $6.15 to $6.55 per share, with revenue in the range of $8.7...
The new hedge fund firm, Hudson Executive Capital LP, is headed by Douglas Braunstein, a former JPMorgan chief financial officer, and James Woolery, the investment bank's one-time co-head of North American mergers and acquisitions. Traditional activist investors, such as Carl Icahn and William Ackman, tend to agitate for change, often trying to replace a...
"The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...
*Indexes up: Dow 1 pct, S&P 0.9 pct, Nasdaq 1 pct. NEW YORK, Sept 26- U.S. stocks ended higher on Friday, with the S&P 500 rallying back above a key technical level, but the advance was not enough to offset recent declines and major indexes closed out their worst week of the past eight.
Sept 26- Universal Health Services Inc said it bought British mental health facilities operator Cygnet Health Care Ltd in a deal valued at about $335 million, to enter the UK market. The U.S. hospital operator said Cygnet had 17 facilities across the UK.
Some of Wednesday's midday movers:
It's hard to find investors and analysts who aren't bullish on health care. But how does the prognosis look for the rest of the year?
Companies in the news after Thursday's bell:
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
Obamacare "defies the whole concept" of its intended purpose to make health insurance more affordable for more people, billionaire entrepreneur Ken Langone told CNBC.
Having millions more insured could be a game changer for hospitals, especially those with large emergency departments.
Alan Miller, chairman, president & CEO, Universal Health Services, discusses the economy and concerns people have over co-pays and getting medical care. Those concerns have dampened utilization, he says. People are putting off elective procedures.
The Obama administration's dramatic delay of the new health care law's effect on larger businesses could save jobs in the short-term, but is unlikely to lead to a big hiring boom.
Obamacare's implementation may look like a "train wreck," but Universal Health Services CEO Alan Miller says his $7 billion hospital company is well-positioned for the changes.
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?
Some of the names on the move ahead of the open.
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.
Oct 11- Universal Health Services Inc:. *Barclays starts Universal Health Services Inc with overweight rating;. Reuters Station users, click. 1568.
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.