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HealthSpring (HS) says it will acquire privately held Bravo Health, a Medicare plan operator,...

HealthSpring (HS) says it will acquire privately held Bravo Health, a Medicare plan operator, for $545M to expand into the Philadelphia market. JPMorgan (JPM) and other banks will put up $400M in cash to fund the deal, which HealthSpring expects will add $0.45-0.55 to its EPS in 2011.
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Comments (1)
  • DagnyTaggart
    , contributor
    Comments (486) | Send Message
     
    Why would a company trading a 7x earnings buy a company at 14x earnings? They should be repurchasing their own stock not empire building. I'm selling my entire position today and I'm very angry about it.
    27 Aug 2010, 08:51 AM Reply Like
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