Rob Black's Healthcare Stock Report

by: Rob Black
Magellan Health Services (NASDAQ:MGLN), said earnings fell slightly as revenue slipped.

Healthcare company Manor Care (HCR) said earnings rose on strong occupancy levels in skilled nursing centers and growth in its home health and hospice units.

Medical equipment maker Becton Dickinson (NYSE:BDX) said quarterly profit rose 9 percent, helped by a jump in sales and strong operating performance.

Aetna (NYSE:AET) plans to invest $219 million to improve its Hartford facility over the next several years, as it begins to move most of its Middletown-based employees to Hartford.

Affymax filed with the Securities and Exchange Commission to raise up to $115 million in its initial public offering. The biopharmaceutical concern said it has applied to list its shares on the Nasdaq under the symbol (NASDAQ:AFFY).

Novartis (NYSE:NVS) said the Food and Drug Administration has approved a supplemental new drug application for its antiviral Famvir tablets to be used as a single-day treatment for immunocompetent patients with recurrent genital herpes.