CCA, LifePoint execs sell part of holdings
Posted on November 19, 2009 at 1:37 pmRichard Seiter, chief corrections officer at Corrections Corp. of America, on Tuesday sold 4,500 shares of the company for about $113,000. Shares of CCA (Ticker: CXW) have risen about 50 percent in the past six months.
Over at LifePoint, Group President Joné Law Koford pocketed about $155,000 from the sale of almost 5,200 of her shares. Shares of the Brentwood-based hospital chain (Ticker: LPNT) are up about 14 percent since May.
permalink | Comment on this post
Rash joins M&A fray in Ohio
Posted on November 18, 2009 at 7:57 amMarty Rash’s RegionalCare Hospital Partners has submitted a bid to buy Clinton Memorial Hospital in Wilmington, Ohio, which also is talking to a joint venture that includes LifePoint.
permalink | Comment on this post
LifePoint explains admissions slump
Posted on November 9, 2009 at 1:29 pmLifePoint Hospitals CEO William Carpenter said on a conference call Friday that the hospital company’s 3.7 percent drop in third-quarter admissions was largely the result of a switch from short-stay admissions to observation visits. “We remain confident we’re not losing market share but are capturing the same patient on an outpatient basis,” he said.
Investors seem to be OK with that explanation: LifePoint shares (Ticker: LPNT) are up about 2.5 percent today and have risen more than 5 percent since their Friday morning low. Year to date, they’ve gained 30 percent.
LifePoint Louisiana hospitals to merge
Posted on October 26, 2009 at 9:21 amTwo Louisiana hospitals owned by LifePoint (Ticker: LPNT) plan to merge and become a single health system, the Daily World reports. The two hospitals, which have a combined 147 beds, are located 18 miles apart in Eunice and Ville Platte.
permalink | Comment on this post
Lazard: CHS stands out in hospital space
Posted on October 15, 2009 at 2:13 pmInvestment firm Lazard has started covering shares of hospital operators, but isn’t terribly enthused about their prospects compared to those of companies elsewhere in the health care space. The one exception: Community Health Systems, which has made some smart acquisitions and carries no short-term debt. Shares of CHS (Ticker: CYH) are up about 1 percent today.
permalink | Comment on this post
‘Considerable progress’ at LifePoint
Posted on October 1, 2009 at 11:37 amSoleil Securities analyst A.J. Rice says the executive team at LifePoint is putting together the pieces for a nice long-term growth run and should trade much higher than its industry-low valuation. Shares of LifePoint (Ticker: LPNT) are up more than 3 percent today.
permalink | Comment on this post
Local hospitals ride Tenet’s coattails
Posted on September 14, 2009 at 9:47 amFor the second time in two months, Tenet Healthcare has raised its earnings estimates — this time by about 8 percent — saying volumes and payer mix defied the typical trend of a summer slowdown. The California-based company’s shares (Ticker: THC) are up almost 9 percent in early trading, helping lift Nashville-based players Community Health Systems (Ticker: CYH) and LifePoint (Ticker: LPNT).
SEE ALSO: Tenet’s first forecast boost from late July
permalink | Comment on this post
QHR, Essent make the cut in Ohio
Posted on September 3, 2009 at 8:24 am
The board of a $40 million hospital east of Cincinnati has voted to conduct due diligence on the purchase proposals submitted by Essent Healthcare and Quorum Health Resources, a division of Community Health Systems. Bids from Brim Healthcare and LifePoint have been moved aside.
permalink | Comment on this post
A wrinkle in LifePoint’s M&A strategy
Posted on September 2, 2009 at 10:00 amAlready in the mix for a hospital east of Cincinnati, LifePoint Hospitals also is looking to buy Clinton Memorial Hospital in Wilmington, Ohio, albeit in conjunction with Cincinnati’s Christ Hospital. Even though it’s not clear how the parties might cooperate, Avondale analyst Kemp Dolliver says the alliance heralds a “new wrinkle in the company’s M&A philosophy.” Dolliver estimates the buyer of Clinton Memorial will pay between $70 million and $80 million.
SEE ALSO: Four locals bidding on Ohio hospital
permalink | Comment on this post
Four local firms bidding for Ohio hospital
Posted on August 31, 2009 at 3:14 pm
After rejecting previous bids from LifePoint Hospitals and Quorum earlier this summer, the board of Brown County General Hospital east of Cincinnati has now received four purchase or lease offers — all from Nashville-area players. LifePoint and QHR — a Community Health Systems division — are still in the mix and have been joined by Essent Healthcare and management firm Brim Healthcare.
Earlier this year, CHS and fellow locals Capella Healthcare had indicated an interest in taking over the 60-bed hospital.
permalink | Comment on this post
LifePoint bonds pitched as good total-return play
Posted on August 4, 2009 at 6:46 amThe researchers at Raymond James like the potential of the 2014 series of LifePoint bonds (CUSIP: 53219LAH2) to provide a nice return to investors. Or, with a hint of jargon:
These names should all demonstrate adequate equity-sensitivity, but should also hold up well should equity markets falter.
permalink | Comment on this post
A preview of local hospital company profits?
Posted on July 28, 2009 at 7:21 amTenet Healthcare this morning raised its earnings outlook for the second half of this year, suggesting Community Health and LifePoint should also post strong Q2 numbers. Tenet shares (Ticker: THC) are up almost 10 percent before the open, but CHS (Ticker: CYH) and LifePoint (Ticker: LPNT) — who will report their numbers this Friday and Aug. 7, respectively — are flat.
permalink | Comment on this post
Local health care names outpacing market
Posted on June 24, 2009 at 1:29 pmOn an up day for stocks, a number of Nashville-based health care companies are leading the way and outperforming their sector benchmarks. Around lunch time, shares of Psychiatric Solutions (Ticker: PSYS) are trading 8 percent higher, while hospital operator Community Health (Ticker: CYH) is up more than 5 percent. Also solidly in the plus column are LifePoint (Ticker: LPNT), America Service Group (Ticker: ASGR) and Brookdale Senior Living. (Ticker: BKD)
permalink | Comment on this post
BofA launches coverage of health care names
Posted on June 17, 2009 at 9:39 amAnalysts at Bank of America have begun tracking a number of Middle Tennessee health care companies with mostly favorable ratings. Getting ‘buy’ recommendations are Community Health and Psych Solutions. Rated ‘neutral’ for now are Brookdale and LifePoint. The only local ‘underperform’ in BofA’s crop is AmSurg. With the exception of Brookdale, the companies’ stocks are flat or higher this morning.
permalink | Comment on this post
Deutsche bullish on hospitals
Posted on June 1, 2009 at 8:13 amAnalyst Darren Lehrich has hiked his rating on the acute-care hospital sector to ‘positive’ from ‘neutral’ citing the prospect of health care reform as well as better operational performance. He also sees a coming “a supply/demand imbalance of equity market cap as more investors become attracted to the secular theme of reform against a limited pool of investment options.”
Recent Comments
In our good state a select few run the place, 20 yrs ago and today....
Southernindie…Unfortunat ely you have suffered a dibilitating...
And…Karl (Marx) Dean is spending one billion dollars...
Someone explain the difference between short stay and observation...
Watching the Chairman of Starwood Hotels yesterday on CNBC...
Funny how the Union’s feel about taxes. They complained about their...
Where is it?
An absolutely ugly structure, which I have always thought did not take...
Too bad that ATT changed the look of the building so that it no longer...
Yeah, well, look at the TN Legislature of good ol’ boys and the...
As long as the red rules, we will be far behind other states. The GOP does...
Nissan CEO Carlos Ghosn: I don’t know what...