Apr. 27, 2015, 5:04 PM
- Universal Health Services (NYSE:UHS): Q1 EPS of $1.78 beats by $0.22.
- Revenue of $2.23B (+14.9% Y/Y) beats by $100M.
- Shares +2.3% AH.
Mar. 4, 2015, 12:11 PM
- Hospitals rally on comments from Supreme Court Justice Anthony Kennedy, often a swing vote in important cases. He says there is a powerful point to the Obama administration's argument that the Affordable Care Act would fall apart if the subsidies were ruled invalid.
- The Court is currently hearing arguments in the case King v. Burwell, which challenges federal subsidies in states that did not create their own health insurance exchanges. Its final decision will not be announced until June, though.
- Hospitals and health insurers have the most at stake. They have benefited greatly since the law was signed in 2010. To date, 11.4M Americans have signed up for coverage in 2015, giving both groups more paying customers and potentially cutting the number of non-paying emergency room visits. If the subsidies were ruled invalid then many people would drop coverage due to the higher cost.
- Related tickers: (HCA +6.2%)(THC +5.4%)(UHS +2.6%)(CYH +5.4%)(LPNT +3.3%)(SEM -0.9%)(SSY)(HUM +0.1%)(CI -0.4%)(CNC)(MOH +0.3%)(ANTM +0.5%)(UNH +0.3%)(MGLN +0.3%)(WCG +0.3%)
Jul. 25, 2014, 3:27 PM
- Money is flowing into hospital management firms today on bullish views about the impact of The Affordable Care Act. LifePoint Hospitals (LPNT +7.2%) leads the charge after it increased its earnings guidance earlier today.
- (UHS +6.6%) (HCA +2.3%) (SEM +0.4%) (THC +8.8%) (SSY -4.2%) (CYH +3.8%) (CHDX) (SCAI +1%) (ADPT -1.1%)
Jul. 16, 2014, 2:58 PM| Jul. 16, 2014, 2:58 PM
Feb. 24, 2014, 12:35 PM
- Humana (HUM +9.4%) surges to new 52-week highs after saying proposed rate cuts to Medicare Advantage plans weren't as bad as expected.
- Health insurers who run Medicare Advantage face a 3.55% base payment cut next year, the U.S. government said late Friday; HUM now estimates the final reduction will be 3.5%-4% after projecting a 6%-7% reduction during its Q4 conference call earlier this month.
- “Although we still believe rate pressure of this magnitude will present a significant challenge to the company/industry, it is certainly much better” than previous estimates, a Susquehanna analyst says.
- Among the five largest publicly traded health insurance carriers, Medicare accounted for ~30% of earnings last year, Goldman Sachs says, with HUM and UnitedHealth (UNH +2.7%) the biggest players in the Advantage program.
- Other insurers: WLP +3.7%, HNT +3.5%, WCG +1.5%.
- Hospital stocks also are gaining: THC +3.1%, UHS +1.5%.
Apr. 26, 2013, 11:32 AM
Universal Health Services (UHS +2.9%) moves up today after its Q1 beat on the bottom line, and despite missing on revenue. Net earnings fell 6.8% Y/Y as expenses slightly outpaced revenue growth and special gains boosted last years results. Operating expenses were up 4.2%, while revenue from acute-care hospitals edged up just 0.7% and adjusted admissions decreased 1.5%. On the upside, revenue per adjusted admission increased 2.2%, and behavioral health hospitals' same-facility revenue improved 2.4%.| Apr. 26, 2013, 11:32 AM
Apr. 10, 2013, 9:49 AM
Jan. 7, 2013, 10:33 AM
Shares of Universal Health (UHS +1%) tick higher on an upgrade to Positive at Susquehanna over the weekend. The firm cites a number of catalysts over the near term, including growth in its behavioral unit and stabilizing results in acute care. The firm also raises its price target to $66 from $43.| Jan. 7, 2013, 10:33 AM
Dec. 18, 2012, 2:06 PM
JPMorgan initiates coverage of a few hospitals with an "overall constructive outlook." The firm says that despite volatility amid the fiscal-cliff debate and the potential for delays in coverage expansion under the Affordable Care Act, multiyear benefits from that coverage expansion outweigh the uncertainty. The firm also sees "meaningful economic improvement" for the sector coming in 2014-2016. It calls LifePoint (LPNT +4.4%), Universal Health (UHS +3.4%) and HCA (HCA +1.7%) its favorite picks, while aso starting Tenet (THC +4%) and Community Health (CYH +3.5%) at Overweight.| Dec. 18, 2012, 2:06 PM
Jun. 28, 2012, 10:43 AM
Jun. 5, 2012, 1:42 PM
Apr. 13, 2012, 10:24 AM
Universal Health Services (UHS -2%) expects to receive ~$35M to correct underpayment from the Medicare inpatient prospective payment system in an industry-wide settlement with the U.S. government. Tenet Healthcare had already said it should receive $84M as part of the settlement and raised its full-year guidance in response.| Apr. 13, 2012, 10:24 AM
Mar. 28, 2012, 12:06 PM
Universal Health (UHS -2.5%) has agreed to pay $6.85M to settle a false claims lawsuit that alleges they provided substandard psychiatric counseling and treatment to adolescents in violation of Medicaid requirements, falsified records and submitted false claims to the Medicaid program.| Mar. 28, 2012, 12:06 PM
Jan. 4, 2012, 5:22 PMShares of hospital firms extended their decline over concerns that government spending may dry up. A Citigroup note yesterday pinpointed eight firms heavily reliant on Medicare funding that could be especially vulnerable, and each has dropped sharply over two days: HCA -5.6%, HMA -3.4%, LPNT -4.1%, SUNH -3.9%, UHS -4.8%, THC -8.8%, LNCR -4.4%, AHS -8.4%. | Jan. 4, 2012, 5:22 PM
Jan. 3, 2012, 12:34 PM
Citigroup sends hospital stocks lower with an in-depth report in which it downgrades eight firms in the sector and provides a gloomy forecast for government health-care spending. THC -2.73%, SUNH -1.03%, LNCR -2.94%, AHS -5.6%, HCA -1.7%, HMA -1.9%, LPNT -1.88%, and UHS -2.75%.| Jan. 3, 2012, 12:34 PM
Dec. 5, 2011, 11:56 AM
Credit Suisse calls Friday's selloff in hospital and medical-device companies amid concerns about prepayment audits overdone, and recommends buying the entire space on weakness: Universal Health (UHS +5.1%), Tenet Healthcare (THC +10.8%), St. Jude Medical (STJ +4.2%), Health Management Associates (HMA +7.1%), Community Health (CYH +4%).| Dec. 5, 2011, 11:56 AM