Hospitals

(THC) Tenet Healthcare to Refinance Senior Notes

Earlier this week, Tenet Healthcare Corp. (THC) announced an offer to sell new 4.375% senior secured notes due 2021. The notes, which are worth $1.05 billion, will be sold through private placement.

The offer is scheduled to...

14Jul2013 | | Comments Off on (THC) Tenet Healthcare to Refinance Senior Notes | Continued

(THC) Tenet Healthcare Falls to Neutral

On Mar 14, 2013, we downgraded our recommendation on Tenet Healthcare Corp. (THC) to Neutral from Outperform based on increasing operating expenses and bad debt along with a high debt-to-capital ratio.

Why the Downgrade?

Tenet...

26Mar2013 | | Comments Off on (THC) Tenet Healthcare Falls to Neutral | Continued

(THC) Tenet Healthcare – Momentum Play

Shares of Tenet Healthcare Corp. (THC) have surged about 73% since January 2012 and hit a 52-week high on January 3, 2013. This Zacks #1 Rank (Strong Buy) healthcare services provider should have further opportunities for price momentum given...

8Jan2013 | | Comments Off on (THC) Tenet Healthcare – Momentum Play | Continued

(AMSG) AmSurg Corporation Shares Remain Neutral

We have reiterated our Neutral recommendation on AmSurg Corporation (AMSG) with a target price of $31.00.

Even amid headwinds like reimbursement issues, higher expenses and economic uncertainty, AmSurg reported earnings per...

23Dec2012 | | Comments Off on (AMSG) AmSurg Corporation Shares Remain Neutral | Continued

(THC) Tenet Healthcare – Bull of the Day

We are upgrading our recommendation on Tenet Healthcare (THC) to Outperform based on its strong operating performance in the recent third quarter, which surpassed the Zacks Consensus Estimate, driven by strong results in all lines...

5Dec2011 | | 0 comments | Continued

(AMSG) AmSurg Corporation – Bull of the Day

AmSurg Corp.’s (AMSG) second quarter EPS of $0.38 met the Zacks Consensus Estimate and the year-ago EPS. Economic uncertainty has been impacting AmSurg potential customers deferring elective procedures, but its top line improved...

26Sep2011 | | 0 comments | Continued

(HMA) Health Management Associates Initiated at Neutral

We initiate our coverage on Health Management Associates (HMA), a leading operator of hospitals, with a Neutral rating. The company runs hospitals in select non-urban markets throughout the U.S., but mostly in the south eastern part...

11Jul2011 | | 0 comments | Continued

(HMA) Health Management Associates to Acquire Mercy Health Partners

Health Management Associates (HMA), a leading operator of hospitals, recently revealed that its subsidiary had reached a definitive agreement to purchase the assets of Mercy Health Partners, a unit of Catholic Health Partners. As a...

6Jul2011 | | 0 comments | Continued

(AMSG) AmSurg Upgraded to Neutral

Recently, we upgraded AmSurg Corporation (AMSG) to Neutral with a target price of $27.00.

AmSurg witnessed a 7.3% year-over-year decline in EPS to 38 cents in the first quarter of fiscal 2011, but it was in line with the Zacks...

29Jun2011 | | 0 comments | Continued

(THC) Tenet Healthcare Quarterly Earnings Beats

Tenet Healthcare Corporation (THC) reported its first-quarter income from continuing operations of $82 million or 16 cents per share, ahead of the Zacks Consensus Estimate of 14 cents per share. Net operating income in the prior-year...

4May2011 | | 0 comments | Continued

(AMSG) AmSurg Corporation – Bear of the Day

AmSurg Corp’s (AMSG) fourth quarter EPS of $0.43 surpassed the Zacks Consensus Estimate by a penny and $0.41 in the year-ago period. The company is witnessing several challenges in the near-term, which are reflected in the 2011...

7Apr2011 | | 0 comments | Continued

(THC) Tenet Healthcare Repurchases Up To $800 Million in Senior Notes

Tenet Healthcare Corporation (THC) declared a tender offer to repurchase up to $800 million aggregate principal amount of its outstanding 7.375% senior notes due in 2013. Tenet will close its tender offer on August 30.

The...

23Aug2010 | | 0 comments | Continued

(THC) Tenet Healthcare Corporation Downgraded to Neutral

Recently, we downgraded Tenet Healthcare Corporation (THC) to Neutral with a price target of $5. Our price target is based on 23.8x our 2010 earnings estimate of 21 cents.

Although we are pleased with the company’s efforts...

28Feb2010 | | 0 comments | Continued

(THC) Tenet Healthcare Fourth Quarter Revenues Rise

Tenet Healthcare Corporation (THC) reported fourth quarter 2009 earnings (from continuing operations) of $24 million, or 3 cents per share compared to the Zacks Consensus Estimate of 1 cent. The company suffered a loss (from continuing...

23Feb2010 | | 0 comments | Continued

(THC) Tenet Healthcare Corporation – Income Nearly Doubles

Tenet Healthcare Corp (THC) is surging after analyst upgrades and upward revisions.

Company Description

Tenet owns and operates hospitals, health care facilities, and invests in other health...

11Jan2010 | | 0 comments | Continued

(UHS) Universal Health Services – Beat Expectations in 4 of 4 Quarters – Analysts Raise

Universal Health Services, Inc (UHS) remains a good value as the Zacks Consensus Estimate continues to climb.

Company Description

Universal Health Services owns and operates facilities for...

20Nov2009 | | 0 comments | Continued

(THC) Tenet Healthcare Corporation Revenues Rise in the Third Quarter

Tenet Healthcare Corporation (THC) reported third-quarter earnings of $4 million or breakeven per share compared to the Zacks Consensus Estimate of a loss of 2 cents. The company earned $120 million or 25 cents per share in the year-ago...

4Nov2009 | | 0 comments | Continued

(AMSG) AmSurg Corporation Beats Estimates Marginally

AmSurg Corp.‘s (AMSG) third-quarter earnings per share came in at 44 cents, slightly above the Zacks Consensus Estimate of 43 cents and the year-ago performance of 39 cents.

Revenues for...

26Oct2009 | | 0 comments | Continued

(HMA) Top Wells Fargo Funds – Mutual Fund Education

Wells Fargo Advantage Asia Pacific Inv (SASPX) seeks long-term capital appreciation by primarily investing in Asia Pacific Basin securities.

The fund focuses on issuers that have potential for above-average sales and earnings growth, overall financial strength,...

9Sep2009 | | 0 comments | Continued

($UHS) Universal Health Services – Beats for the Third Straight Quarter

Universal Health Services, Inc. (UHS) recently surprised on estimates and raised 2009 EPS guidance. Analysts expect year over year earnings growth in 2009 of 17.05%. UHS is trading with a forward P/E of 13.

Company Description

Universal Health Services...

6Aug2009 | | 0 comments | Continued

(RHB) Rehabcare Group, Inc. – Momentum – Zacks Rank Buy

Rehabcare Group, Inc. (RHB) recently set a new 52-week high after a powerful rebound from March lows. Estimates are on the upswing as well.

Company Description

Rehabcare Group, Inc. provides rehabilitation management services...

23Jun2009 | | 0 comments | Continued

(RHB) RehabCare Group Inc. – Value – Zacks Rank Buy

RehabCare Group Inc. (RHB), which provides rehabilitation services, continued its hot streak of earnings surprise as it beat for the 4th consecutive quarter. Revenue grew by 11.6% on strong demand for skilled nursing services. RHB trades at 12.5x forward earnings.

Company...

22May2009 | | 0 comments | Continued

(UHS) Universal Healthcare Svc. – Momentum – Zacks Rank Buy

Universal Healthcare Svc. (UHS) has rallied with the market over the last few months, with earnings estimates going along for the ride and rising in tandem.

Company Description

Universal Healthcare Services, Inc., through its subsidiaries,...

14May2009 | | 0 comments | Continued

(UHS) Universal Health Services, Inc. – Aggressive Growth – Zacks Rank Buy

Universal Health Services, Inc. (UHS) shares have been skyrocketing since the latest earnings release.

Company Description

Universal Health Services owns and operates acute care hospitals, behavioral health centers, ambulatory surgery centers,...

30Apr2009 | | 0 comments | Continued