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Quest Diagnostics, Inc. (NYSE:DGX)
Quest Diagnostics is the world’s leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff.
DGX reported that they have entered into a definitive merger agreement under which Quest Diagnostics will acquire Celera for $8 per share, representing a transaction value of approximately $344 million, net of $327 million in acquired cash and short-term investments. The transaction value is expected to be further reduced through the realization of a significant portion of Celera’s available tax credit and net operating loss carryforwards and capitalized R&D, which totaled $117 million at the end of 2010. The transaction was approved by the boards of directors of both companies. Celera generated revenues of $128 million in 2010.
Kathy Ordonez, Chief Executive Officer of Celera, stated: “Combining Celera’s expertise in genetics with Quest Diagnostics’ medical leadership, market access and scale is expected to speed the realization of our vision to personalize medicine. We believe this is a compelling transaction that accelerates the delivery of value to our shareholders.”
Quest Diagnostics expects the acquisition to be dilutive to its GAAP earnings per share by an immaterial amount in 2011, before anticipated charges related to the transaction. The acquisition is not expected to have a material impact on Quest Diagnostics’ 2012 EPS. Assuming a close of the transaction at the end of April, 2011, Quest Diagnostics expects Celera to add just over 1% to its 2011 revenue growth.
Quest Diagnostics is a pioneer in developing innovative diagnostic tests and advanced healthcare information technology solutions that help improve patient care.
For more information about this company please visit http://www.questdiagnostics.com/
National Health Partners recently announced the launch of a new network marketing program by one of its strategic partners, Xpress Healthcare, LLC. Xpress Healthcare has teamed up with CARExpress in an effort to revolutionize the discount healthcare industry while at the same time bringing financial freedom to families across the nation.
By the end of the second quarter of 2011, Xpress Healthcare anticipates adding over 100 new brokers both participating in and promoting NHPR’s CARExpress program and should enroll over 2,500 new members. The company also expects its growth to accelerate in the 3rd quarter as it anticipates recruiting an additional 200 new brokers which should generate over 10,000 new CARExpress sales.
According to National Health Partners, Offering tremendous growth potential, Xpress Healthcare is well positioned to become the leading marketing arm for its CARExpress and now Strong Sales are projected for 2nd Quarter from this new strategic partnership.
Have you found that access to affordable medical in the United States is an entitlement? Yet dependant upon a seemingly arbitrary matrix of things, and the government insurance packages which are available for the elderly, the permanently disabled, people who have failing kidneys, the actual impoverished and children from low-income individuals. But how poor must one be to be eligible varies from state to state and also from year to year. Workers at most of the large firms and many of hte small firms have been able to take advantage of group insurance plans negotiated by way of their employers. Although millions of people who are employed in low-paying service, retail or perhaps contracting jobs need to seek individual insurance plans, which may be unaffordable or maybe unavailable because of their healthcare histories. Others obtain insurance with insurance deductibles so high or insurance coverage limits so low that one bad crash or illness would lead them close to bankrupt. The need for affordable healthcare alternatives has never been greater.
National Health Partners, Inc. (National Health) (OTCBB:NHPR.OB) achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period in the previous year. Revenues for the 3rd quarter grew 12.3% over the same period prior year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters which was continued in the 4th quarter of 2010.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania. For more information on the company, please visit its website at www.nationalhealthpartners.com.
For more information about NHPR at: www.nationalhealthpartners.com
Netlist Inc. (Nasdaq:NLST) expands its data protection product line with EXPRESSvault™, a PCI Express backup and recovery solution for cache data protection. EXPRESSvault combines the memory performance of DRAM and non-volatility of flash to deliver the high data throughput required by cache backup applications without degrading system performance. Leveraging Netlist's proven NVvault™ (formerly known as NetVault) flash backup subsystem controller, EXPRESSvault provides reliable backup and recovery while eliminating the expense, maintenance and performance degradation associated with traditional battery backup schemes.
Netlist, Inc., together with its subsidiaries, engages in the design, manufacture, and sale of memory subsystems for the server, computing, and communication markets in the United States and the People’s Republic of China. Its memory subsystems consist of combinations of dynamic random access memory integrated circuits, flash memory cards and modules, application-specific integrated circuits, and other components assembled on printed circuit boards.
Champion Industries Inc. (Nasdaq:CHMP) announced first quarter 2011 net income of $73,000 or $0.01 per share on a basic and diluted basis. This compares to a net loss of $(213,000) or $(0.02) per share for the three months ended January 31, 2010. Income from operations improved to $1.1 million in the first three months of 2011 from $0.9 million in 2010, resulting primarily from lower selling, general and administrative costs partially offset by lower gross margin dollars and percentage, as well as charges related to a restructuring and profitability enhancement plan.
Champion Industries, Inc., together with its subsidiaries, engages in commercial printing, business forms manufacturing, and office products and furniture supply businesses primarily in the United States.
Globalstar Inc. (Nasdaq:GSAT) announced that it has taken delivery of six new second-generation satellites at the Baikonur Cosmodrome in Kazakhstan. Technicians from launch services provider Arianespace and satellite manufacturer Thales Alenia Space have begun the pre-launch testing and integration process in preparation for a scheduled liftoff in May. Globalstar expects to conduct two additional launches of six satellites per launch, also from Baikonur, with all three remaining launches utilizing the highly reliable Soyuz launch vehicle. In October Globalstar successfully launched six new second-generation satellites also using the Soyuz.
Globalstar, Inc. provides mobile voice and data communications services through satellite in the United States and Canada. It provides duplex services comprising mobile voice and data satellite communications, satellite data modem, and fixed voice and data satellite communications services; and simplex services, including personal, asset tracking, and remote monitoring.
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