Tag: Health Care Facilities and Services

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.

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 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.

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 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 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.

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 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.

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 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 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 is falling sharply after its earnings report disappointed.

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.

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

Humana and other managed-care stocks were down sharply in premarket trading Tuesday after the Centers for Medicare and Medicaid Services announced an average 3.7% increase in revenue for Medicare Advantage plans in 2025.

Shares of CVS Health Corp. gained ground Wednesday, after the healthcare-services and drugstore chain beat fourth-quarter profit expectations by a wide margin, but lowered its full-year outlook because of “elevated medical cost trends.”

Managed care giant UnitedHealth Group beat earnings expectations for the fourth quarter of 2023 but reported a higher-than-expected utilization of medical services.

Shares of Cigna Group rose sharply in premarket trading Monday after The Wall Street Journal reported that the health insurer had ended its pursuit of a blockbuster deal to buy Humana and would instead focus on stock buybacks and smaller acquisitions.

Investors didn’t seem pleased with a solid earnings and revenue beat from CVS Health with shares in the healthcare company heading lower on Wednesday after the company slashed its full-year guidance for the third consecutive quarter.