Acquisitions, New Facilities, and Health Care Plans Announced to Expand Reach and Product Suite - Research Report on Humana, Cigna, Molina Healthcare, WellCare, and Magellan Health Services
NEW YORK, August 1, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Humana Inc. (NYSE: HUM), Cigna Corporation (NYSE: CI), Molina Healthcare, Inc. (NYSE: MOH), WellCare Health Plans, Inc. (NYSE: WCG), and Magellan Health Services Inc. (NASDAQ: MGLN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Humana Inc. Research Report
On July 24, 2013, Humana Inc. (Humana) announced that it has signed a definitive agreement to acquire the largest provider of nursing home diversion services in the state of Florida, American Eldercare Inc. (American Eldercare). The Company stated that American Eldercare's monopoly as the only Service Network Provider to offer Medicaid long-term care services across the entire state of Florida, will complement the Company's core capabilities and strength in serving seniors and disabled individuals with a unique focus on individualized and integrated care. Further, Humana stated that it expects American Eldercare's approximately $75 million of annualized revenues to reach beyond $1 billion in 2015. Though the Company has not disclosed the terms of the transaction, the transaction is anticipated to close by Q4 2013, subject to state regulatory approvals. The Full Research Report on Humana Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/496b_HUM]
Cigna Corporation Research Report
On July 29, 2013, Cigna Corporation (Cigna) announced that the Company's Dental HMO (DHMO) product suite has expanded due to technological advancement in dentistry and changing consumer preferences, providing customers with even greater access to coverage for the latest dental care options. According to the Company, with its new plans for 2014, Cigna has emerged as one of the first national carriers to offer plans with fixed co-payments for surgical placement of dental implants and related procedures. Further, the Company informed that the new plans will offer employers the option of coverage for same-day, in-office dental restorations using the latest advanced equipment. "Having coverage for same-day, in-office crowns, veneers, and post and core procedures will save customers time by avoiding an additional trip to the dentist," said Fred Scardellette, Vice President of Cigna's Dental Business. The Full Research Report on Cigna Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7307_CI]
Molina Healthcare, Inc. Research Report
On July 29, 2013, Molina Healthcare, Inc. (Molina Healthcare) announced that its wholly-owned subsidiary, Molina Healthcare of South Carolina, has entered into a definitive agreement with Community Health Solutions of America, Inc. (CHS) to acquire certain assets of CHS relating to its South Carolina Solutions (SCS) business. As per the terms of agreement, CHS will transfer its Medical Homes Network (MHN) membership to Molina Healthcare, except for the members enrolled in the Medically Complex Children's Waiver component of the MHN program. However, the Company informed that the transfer of MHM membership is subject to Molina Healthcare's successful receipt of an HMO license from the South Carolina Department of Insurance; the award to Molina Healthcare of a full-risk Medicaid managed care contract by the South Carolina Department of Health and Human Services; and the state's conversion of the MHN program to a full-risk Medicaid managed care program. Molina Healthcare expects these conditions to be satisfied by January 2014. The Full Research Report on Molina Healthcare, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1a59_MOH]
WellCare Health Plans, Inc. Research Report
On July 24, 2013, WellCare Health Plans, Inc. (WellCare) announced the celebration of its newly opened Welcome Room, a health care information, education and sales center to aid Medicare health plans, in Binghamton, NY. According to the Company, this new facility will be a valuable resource for the approximately 40,000 Medicare-eligible residents in Broome County. "WellCare's Binghamton Welcome Room can provide seniors with important information about their eligibility for a range of health care options," said Matthew Ryan, Mayor of Binghamton. "With the recent changes to our health care laws, it's essential for local residents to have convenient resources like this to get the answers they need." The Full Research Report on WellCare Health Plans, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/be48_WCG]
Magellan Health Services Inc. Research Report
On July 25, 2013, Magellan Health Services, Inc. (Magellan Health Services) reported financial results for Q2 2013. The Company's net revenue amounted to $842.7 million, representing an increase of 4.6% YoY. Net income in Q2 2013 was $31.5 million, or $1.15 per diluted common share, compared with $27.0 million, or $0.97 per diluted common share, in Q2 2012. Commenting on the results, Barry M. Smith, CEO of Magellan Health Services, said, "We have developed our Magellan Complete Care and Magellan Pharmacy Solutions initiatives to address opportunities that we see in the marketplace and to be our primary growth engines for the future." He added, "Our core behavioral health, radiology, and pharmacy businesses continue to perform well and are making significant contributions to our results. They have fueled our past growth and, looking forward, will provide the clinical capabilities to holistically manage enrollees in our Magellan Complete Care programs." The Full Research Report on Magellan Health Services Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4b85_MGLN]
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SOURCE Analysts' Corner
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