Tag: Health Care Facilities and Services

CVS Health beats quarterly profit estimates on lower medical costs

CVS Health reported a smaller-than-expected drop in fourth-quarter profit on Wednesday as its pace of medical cost increases slowed and revenue at its pharmacy business jumped, sending its shares up more than 12% in premarket trading.

Humana Earnings Missed Expectations. Why the Stock Is Rising.

Humana shares were rising early Tuesday after the health insurer said it expects its earnings this year to be broadly flat.

UnitedHealthcare has a new CEO

UnitedHealthcare announced a new CEO on Thursday, filling in the spot after Brian Thompson was shot and killed in midtown Manhattan in a targeted attack.

UnitedHealth hit by stubbornly high medical costs, shares fall

UnitedHealth’s high medical costs and lower-than-expected revenue in the fourth quarter underscored persistent challenges at its insurance unit, sending the healthcare conglomerate’s shares down more than 3%.

UnitedHealth, Amedisys extend deadline to close $3.3 billion deal

UnitedHealth and Amedisys have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, a filing showed on Friday, as the deal faces close scrutiny from the U.S. Department of Justice.

Cigna’s stock leads selloff among drug middlemen on breakup fears — but this analyst says it’s not a real risk

Shares of major pharmacy-benefit managers tumbled Wednesday after a report that a bipartisan group of lawmakers is planning to introduce legislation that would break them up — though one healthcare analyst believes such a bill is unlikely to be passed into law.

Health insurer Cigna says it is not pursuing combination with rival Humana

Cigna Group is not pursuing a combination with Humana the health insurer said on Monday, following recent media reports that it had revived a pursuit to buy its smaller rival.

CVS posts mixed results, holds off on guidance in Joyner’s first earnings report as CEO

CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner’s first at the helm of the troubled retail drugstore chain.

Cigna resumes mega merger talks with rival health insurer Humana, Bloomberg News reports

U.S. health insurer Cigna Group has revived efforts to merge with smaller rival Humana after abandoning the pursuit late last year, Bloomberg News reported on Friday, citing people familiar with the matter.

CVS Health’s stock tumbles 12% after company lowers guidance and names new CEO

CVS Health Corp.’s stock tumbled 10.5% early Friday, after the healthcare company announced leadership changes and lowered guidance for the fourth time this year, weighed down by challenges in its health-benefits business.

UnitedHealth’s medical costs jump in third quarter, shares drop

UnitedHealth Group’s third-quarter medical costs exceeded Wall Street estimates on Tuesday, as the insurer paid out more due to persistently high demand for healthcare services and received lower reimbursements on government-backed insurance plans.

Humana’s stock falls after Medicare Advantage rating suffers cut from Centers for Medicare and Medicaid Services

Shares of Humana Inc. were headed for another sharp selloff on Tuesday, toward a more than four-year low, after the government cut its rating on one of the health insurer’s large Medicare Advantage plans because it missed some performance measures.

CVS is working with advisors on strategic review, sources say

CVS Health’s board has engaged advisors to conduct a strategic review of its business, according to people familiar with the matter, as the company contends with potential activist pressure and a severely depressed stock price.

Major CVS shareholder plans activist push, will meet with management, sources say

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push.

CVS slashes profit outlook on higher medical costs, says top Aetna executive will leave

CVS Health on Wednesday reported second-quarter earnings that topped expectations, but slashed its full-year profit outlook, citing higher medical costs that have been squeezing the U.S. insurance industry

UnitedHealth expects bigger hit to annual profit from hack costs

UnitedHealth on Tuesday forecast a bigger hit to earnings this year from a February hack at its tech unit, as it rolls out loans to support affected healthcare providers and records higher expenses from notifying customers.

Accolade Stock Sinks After Guidance Disappoints. The Case to Buy the Dip.

Accolade stock is falling sharply after its earnings report disappointed.

CVS Stock Is Sinking. Earnings Missed as Medicare Costs Took a Big Bite.

CVS Health stock tumbled Wednesday after pharmacy chain missed Wall Street’s expectations for quarterly earnings and dramatically slashed its full-year financial guidance. To blame was soaring Medicare Advantage costs that have similarly slammed its peers.

Όμιλος Ιατρικού Αθηνών: Υπογραφή Mνημονίου στρατηγικής συνεργασίας με τη Lamda Development για τη δημιουργία πρότυπου υπερσύγχρονου Healthcare Park στο Ελληνικό

ΟΌμιλος Ιατρικού Αθηνών ως επικεφαλής της ελληνικής κοινοπραξίας για το Ελληνικό με ιδιαίτερη χαρά ανακοινώνει την υπογραφή Μνημονίου στρατηγικής συνεργασίας με τη θυγατρική της Lamda Development, ΕΛΛΗΝΙΚΟ Μ.Α.Ε., για τη δημιουργία ενός υπερσύγχρονου και πρωτοποριακού Healthcare Park εντός της ανάπτυξης του Ελληνικού.

UnitedHealth beats on revenue despite impact from cyberattack

UnitedHealth Group on Tuesday reported better-than-expected revenue for the first quarter.