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Equipment and Services Health Care Providers and Services

  • Community Health has been selling less-profitable hospitals to pare its pile of debt even as the company recently came under investor pressure to replace its Chief Executive Wayne Smith. Excluding items, Community Health posted a hefty loss of 77 cents per share, compared with analysts' estimates of 30 cents per share, according to Thomson Reuters I/B/E/S.

  • Shares of Community Health, which tumbled to close at $5.44 in regular hours, slipped another 10.3 percent at $4.88 in after-market trading. Community Health has been looking to turn its business around by selling some of its assets to pare its long-term debt, which had swelled to about $15 billion, as of June 30. Excluding items, Community Health posted a hefty...

  • The company slashed full-year forecast of its net operating revenue less provision for bad debts to $15.80 billion to $15.90 billion, from a previous range of $15.85 billion to $16.05 billion. Net loss attributable to the company widened to $110 million, or 98 cents per share, in the third quarter ended Sept. 30, from $79 million, or 71 cents per share, a year earlier.

  • Nov 1- Community Health Systems Inc reported a 16 percent fall in revenue in the third quarter as the debt-laden hospital operator recorded weak patient volumes. Net loss attributable to Community Health's stockholders widened to $110 million, or 98 cents per share, in the third quarter ended Sept. 30, from $79 million, or 71 cents per share, a year earlier.

  • NEW DELHI, Nov 1- An explosion at an Indian coal-fired power plant on Wednesday has killed sixteen people and injured up to 100 in the northern state of Uttar Pradesh. About 80 people have been taken to the hospital of plant operator NTPC Ltd, while around 10 with serious injuries have been sent to other facilities, NTPC said in a statement. "About 16 people are dead, and...

  • NEW YORK, Oct 29- The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman. CVS, one of the largest U.S. pharmacy benefits managers, has offered to buy No. 3 health insurer Aetna for more than $200 per share, sources said...

  • Hospital operators had benefited from the expanded insurance coverage under former President Barack Obama's signature Affordable Care Act, but Republicans' efforts to dismantle it has weighed on the companies' shares. "LPNT's latest results continue its disappointing pattern of the past 10 years, with recent acquisitions weighing on margins, which in 3 Q17...

  • Net income attributable to LifePoint fell to $27.5 million or 67 cents per share, from $39.5 million or 92 cents per share, a year earlier. The company lowered its full-year forecast for adjusted earnings to $3.48 to $3.78 per share from $3.92 to $4.20. Its revenue forecast was slashed to $6.34 billion to $6.39 billion from $6.43 billion to $6.5 billion.

  • Oct 27- U.S. hospital operator LifePoint Health Inc on Friday reported a 30.4 percent fall in third-quarter profit as patient volumes declined. Net income attributable to LifePoint fell to $27.5 million, or 67 cents per share, in the quarter ended Sept. 30, from $39.5 million, or 92 cents per share, a year earlier. Net sales fell to 1.56 billion from $1.58 billion.

  • Oct 26- U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. A deal would merge one of the nation's largest pharmacy benefits managers and pharmacy operators with one of its oldest health insurers, whose far-reaching...

  • The Burlington, North Carolina- based company's shares were trading up 2.3 percent at $154.38. The Centers for Medicare and Medicaid Services proposed a draft for Medicare reimbursement rates for clinical lab tests last month, sparking speculation that LabCorp and peer Quest Diagnostics Inc could be immediate "losers" from the new rates.

  • Oct 25- U.S. drugstore chain Walgreens Boots Alliance Inc's quarterly profit and revenue beat Wall Street estimates, as the company filled millions of more drug prescriptions thanks to newly won contracts from pharmacy benefit managers. The company last year snatched a contract from larger rival CVS Health Corp to fill prescriptions for Tricare, a...

  • Oct 24- Express Scripts Holding Co said on Tuesday James Havel would succeed Eric Slusser as the chief financial officer, effective Oct. 25, and the pharmacy benefit manager aimed to retain more customers in 2018.. It's about signing up profitable business, " Maxim Group analyst Anthony Vendetti said. Express Scripts' net profit rose to $841.7 million, or $1.46 per...

  • Oct 24- Express Scripts Holding Co on Tuesday said its Chief Financial Officer Eric Slusser has resigned and named James Havel as his successor, effective Oct 25. The company said net profit attributable to Express Scripts rose to $841.7 million, or $1.46 per share, in the third-quarter ended Sept. 30, from $722.9 million, or $1.15 per share, a year earlier.

  • EPS $1.35 vs. estimate $1.25. Last month, the company said it would buy privately held Fidelis Care for $3.75 billion to enter New York, the second-largest managed-care state by membership in the United States, expanding its government-sponsored healthcare coverage. Centene said net earnings attributable rose nearly 40 percent to $205 million, or $1.16 per...

  • WASHINGTON, Oct 24- Q: What is whole-body donation? A: Most people are buried or cremated when they die. But some bodies are donated to science, usually for medical research or education.

  • WASHINGTON, Oct 24- Q: What is whole-body donation? A: Most people are buried or cremated when they die. But some bodies are donated to science, usually for medical research or education.

  • WASHINGTON, Oct 24- Q: What is whole-body donation? A: Most people are buried or cremated when they die. But some bodies are donated to science, usually for medical research or education.

  • WASHINGTON, Oct 24- Q: What is whole-body donation? A: Most people are buried or cremated when they die. But some bodies are donated to science, usually for medical research or education.

  • MORGANTOWN, West Virginia, Oct 20- A shortage of nurses at U.S. hospitals hit West Virginia's Charleston Area Medical Center at the worst possible time. It faces a $40 million deficit this year as it struggles with fewer privately insured patients, cuts in government reimbursement and higher labor costs to attract a shrinking pool of nurses.